NEW HEARTLAND VENTURES, LTD
Listed by NEW HEARTLAND VENTURES, LTD
$289,000
Illinois Solar Duplex
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 1,728
Units 2
Cap Rate 8.37%
Occupancy 100%
Tenancy Multi
Lease Type Gross
Remaining Term 1
Price per SqFt $167
Class A
Year Built 2023
Parking Spaces 4 spaces
Parking per 1,000 SqFt 2.31
Multifamily - 8.37% CAP - 2 Units
Marketing description
Property address--528 curry lane, illiopolis, il 62539 (very convenient location in center of il and nearby to Springfield (state capital and medical center; Decatur, IL--manufacturing center --adm and caterpillar; and Bloomington--state farm and country financial hq and rivian ev) 2 unit--each unit with 2 br /1 ba--each unit has dishwasher/range/refrigerator/washer/dryer--1,728 sq ft total --4 parking spaces included onsite each unit is fully electric--built ne in 2023--excellent energy efficiency--includes mini-split heat pumps--built on Styrofoam block crawl space There are more than $50,000 of tax credits, bonus depreciation (for 35% tax bracket) and state rebate for green energy Gross income for 2025=$26,400 rent of $1,100 for each unit includes free electric from solar property is subject to a 10 year tax increment financing rebate of 75% of taxes--so tax levy for 9 years will be approximately $1,000/yr operating expenses are $600 for water/sewer and $600 for trash pickup NOI for 2025 is projected to be $24,200 cap rate is 8.37%. Land area is approximately 1/5 acre--very convenient location for commuting--interstate 72 entrance is about 1/3 mile
Listing Contacts
NEW HEARTLAND VENTURES, LTD
Listed by NEW HEARTLAND VENTURES, LTD
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?







