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ILLINOIS SOLAR DUPLEX 528 Curry Ave

2 Unit Apartment Building $289,000 ($144,500/Unit) 7.89% Cap Rate Illiopolis, IL 62539

Apartment Buildings Illinois Illiopolis 528 Curry Ave, Illiopolis, IL 62539

Investment Highlights

  • EXTREMELY ENERGY EFFICIENT--SMALL TOWN LOCATION --EASY ACCESS TO 3 MAJOR CITIES--VILLAGE APPROVED TIF 75%TAX REIMBURSEMENT UP TO $70,000 OVER 10 YEARS

Executive Summary

NEW CONSTRUCTION--Very energy efficient--high end Heat Pump Mini Split HVAC system--extra insulation, unique insulated block crawl space--convenient location between Springfield IL (IL State Capital), Decatur, IL (ADM/Catepillar) and Bolingbrook (State Farm/Rivian)--INVESTMENT TAX CREDIT FOR NEW HEAT PUMPS--UP TO $2,000
PRICE INCLUDE NEW SOLAR ROOF INSTALLATION--AND INCLUDES OVER $50,000 OF IMMEDIATE TAX CREDITS, STATE REBATES AND BONUS DEPRECIATION (FOR 35% BRACKET) (MORE INFO AVAILABLE FOR THE SOLAR INSTALLATION)
CALL OR EMAIL FOR MORE INFORMATION--WE ARE BUILDING SEVERAL OF THESE IN CENTRAL IL
$100,000 DOWN--SHORT TERM SELLER FINANCING OF $189,000 AT 7%

Financial Summary (Pro forma - 2025)

Annual Annual Per SF
Gross Rental Income $26,400 $15.28
Other Income - -
Vacancy Loss - -
Effective Gross Income $26,400 $15.28
Taxes $1,000 $0.58
Operating Expenses $2,000 $1.16
Total Expenses $3,000 $1.74
Net Operating Income $23,400 $13.54

Financial Summary (Pro forma - 2025)

Gross Rental Income
Annual $26,400
Annual Per SF $15.28
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $26,400
Annual Per SF $15.28
Taxes
Annual $1,000
Annual Per SF $0.58
Operating Expenses
Annual $2,000
Annual Per SF $1.16
Total Expenses
Annual $3,000
Annual Per SF $1.74
Net Operating Income
Annual $23,400
Annual Per SF $13.54

Property Facts

Price $289,000 Apartment Style Low Rise
Price Per Unit $144,500 Lot Size 0.20 AC
Sale Type Investment Building Size 1,728 SF
Cap Rate 7.89% Average Occupancy 100%
No. Units 2 No. Stories 1
Property Type Multifamily Year Built 2023
Property Subtype Apartment Parking Ratio 2.31/1,000 SF
Price $289,000
Price Per Unit $144,500
Sale Type Investment
Cap Rate 7.89%
No. Units 2
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Lot Size 0.20 AC
Building Size 1,728 SF
Average Occupancy 100%
No. Stories 1
Year Built 2023
Parking Ratio 2.31/1,000 SF

Unit Amenities

  • Air Conditioning
  • Cable Ready
  • Dishwasher
  • Washer/Dryer
  • Heating
  • Ceiling Fans
  • Kitchen
  • High Speed Internet Access
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower
  • Yard
  • Porch
  • Vinyl Flooring

Site Amenities

  • 24 Hour Access

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 2 $950.00 864
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zoning

Zoning Code Residential (Multi Family)
Residential (Multi Family)
  • Tony Caccomo
    Tony Caccomo
  • Curry Drive Partners
(217) 454-8541

  • Listing ID: 30341738

  • Date on Market: 12/11/2023

  • Last Updated:

  • Address: 528 Curry Ave, Illiopolis, IL 62539

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528 Curry Ave, Illiopolis, IL for sale Building Photo- Image 1 of 5
528 CURRY--NEW
528 Curry Ave, Illiopolis, IL for sale Interior Photo- Image 2 of 5
528 B LR2
528 Curry Ave, Illiopolis, IL for sale Interior Photo- Image 3 of 5
528 B KITCHEN
528 Curry Ave, Illiopolis, IL for sale Floor Plan- Image 4 of 5
528 FLOOR PLAN

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ILLINOIS SOLAR DUPLEX | 528 Curry Ave
(217) 454-8541 x

ILLINOIS SOLAR DUPLEX | 528 Curry Ave

Tony Caccomo

(217) 454-8541

(217) 454-8541

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