512 E Hendelmeyer Ave | Effingham, IL 62401
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- LoopNet Team
512 E Hendelmeyer Ave
Effingham, IL 62401
Colonnade Apartments · Multifamily Property For Sale · 92 Units
Investment Highlights
- Secured by long-term Option 3 HAP Contract
- Newly constructed stairways throughout the complex
- Well situated in Southern Illinois, south of Champaign
- Went through Mark-to-Market restructuring in 2001
- Replaced carpet and flooring on an as-needed basis
- Surrounded by a quiet, residential neighborhood
PROPERTY FACTS
| No. Units | 92 | Lot Size | 6.50 AC |
| Property Type | Multifamily | Building Size | 92,000 SF |
| Property Subtype | Apartment | Average Occupancy | 96% |
| Apartment Style | Low Rise | No. Stories | 3 |
| Building Class | C | Year Built | 1981 |
| No. Units | 92 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 6.50 AC |
| Building Size | 92,000 SF |
| Average Occupancy | 96% |
| No. Stories | 3 |
| Year Built | 1981 |
Site Amenities
- Clubhouse
- Laundry Facilities
- Property Manager on Site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | $638.00 | 630 |
| 2+1 | 82 | $692.00 | 750 |
PROPERTY TAXES
| Parcel Number | 0311332040 | Improvements Assessment | $790,870 |
| Land Assessment | $94,610 | Total Assessment | $885,480 |
PROPERTY TAXES
Parcel Number
0311332040
Land Assessment
$94,610
Improvements Assessment
$790,870
Total Assessment
$885,480
zoning
| Zoning Code | Commercial/Bus |
| Commercial/Bus |
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