96-Unit LaSalle County Portfolio
Multifamily | 96 Units | $85,417/unit
Marketing description
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment portfolio located at 715 E Central Avenue in Princeton, IL, 314 S Bureau Avenue, 102 Main Street, and 301 E Cleveland Street in Ladd, IL, 1060 & 1070 Orange Avenue, 1002 Bratton Avenue, and 390 Railroad Street in Marseilles, IL, 107 Heaton Street in Walnut, IL, 1007 Green Ridge Avenue in Earlville, IL, and 443 3rd Street and 519 Marquette Street in LaSalle, IL (the “Portfolio”). The Portfolio features ninety-six (96) total units comprised of forty (40) 1-Bedroom/1-Bathroom units, thirty six (36) 2-Bedroom/1-Bathroom units, eight (8) 2-Bedroom/1.5-Bathroom units, two (2) 2-Bedroom/2-Bathroom units, one (1) 3-Bedroom/1-Bathroom unit, four (4) 3-Bedroom/1.5-Bathroom units, two (2) 3-Bedroom/2-Bathroom units, and three (3) Studio units. The Portfolio features a total of 84,450 square feet of gross living area, 96,500 square feet of gross area, and 5.07-acres of land spread across twelve (12) different properties. Each Property offers ample off street parking with a total of one hundred seventy (170) spaces available.
The Portfolio represents an exceptional opportunity to acquire a 96-unit multifamily portfolio strategically located across LaSalle County, Illinois. The Portfolio consists of well-maintained assets positioned in stable residential communities with strong rental demand and limited new supply. Properties benefit from proximity to major employment centers, retail amenities, and transportation corridors, supporting consistent occupancy and cash flow performance.
Investment highlights
ACCESS & CONNECTIVITY
Princeton, IL benefits from Amtrak rail service at Princeton station, providing connections to major cities including Chicago and Quincy. Local transit is supported by Henry County Public Transportation, which offers demand-response bus services connecting to nearby towns. The area enjoys convenient access to Interstate 80, facilitating regional travel east and west across Illinois.
Ladd, IL is served by Henry County Public Transportation's demand-response services, connecting residents to nearby communities and essential services. Road access is supported primarily via Illinois Route 89 and Illinois Route 18, linking Ladd to surrounding regional centers.
Marseilles, IL residents have access to Bureau-Putnam Area Rural Transit (BPART), providing demand-response transit services within Bureau and Putnam counties and connections to neighboring towns. Marseilles is situated near Interstate 80, which offers efficient east-west travel across northern Illinois.
Walnut, IL is connected through Bureau-Putnam Area Rural Transit (BPART), offering curb-to-curb demand-response bus services that facilitate mobility within the region. The town’s road network includes access to Illinois Route 92, linking Walnut to nearby commercial and regional hubs.
Earlville, IL transit needs are served by Northern Illinois University Huskie Bus Lines and regional demand-response providers, offering access for residents to educational institutions and surrounding areas. Illinois Route 34 and Illinois Route 23 provide good road connectivity to larger towns and interstate connections.
LaSalle, IL offers regional transit access via the I-80 Route on North Central Illinois Public Transportation system, with convenient stops at key points such as the Shell Gas station on Trompeter Rd. LaSalle also benefits from proximity to Interstate 80 and Illinois Route 351, providing convenient vehicle access to Peoria, Chicago, and other regional destinations.
UTILITIES
The Portfolio features separately metered electricity at all properties, gas-powered heat at all properties, and gas-powered hot water at all properties, which tenants pay directly. The Landlord is responsible for providing city water and sewer at all locations, which they pay directly.
OFF-STREET PARKING & AMENITIES
The Portfolio offers ample parking across all properties with one hundred seventy (170) spaces in total, an added amenity for prospective tenants.
STRONG RENTAL DEMOGRAPHICS & DEMAND
Princeton, IL- More than 8,400 people live within 3 miles of the Property with an average household income of $85,890. Over 9,700 people live within 5 miles of the Property with an average household income of $88,623.
Ladd, IL- More than 8,900 people live within 5 miles of the Properties with an average household income of $92,331. Over 38,400 people live within 10 miles of the Properties with an average household income of $88,410.
Marseilles, IL- More than 6,300 people live within 3 miles of the Properties with an average household income of $94,158. Over 7,900 people live within 5 miles of the Properties with an average household income of $99,950.
Walnut, IL- More than 1,800 people live within 5 miles of the Property with an average household income of $81,995. Over 4,500 people live within 10 miles of the Property with an average household income of $87,952.
Earlville, IL- More than 2,700 people live within 5 miles of the Property with an average household income of $86,680. Over 7,700 people live within 10 miles of the Property with an average household income of $93,877.
LaSalle, IL- More than 21,800 people live within 3 miles of the Property with an average household income of $82,856. Over 27,300 people live within 5 miles of the Property with an average household income of $86,893.
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