ALL INDUSTRIAL PARK RD Monmouth IL 61462

Excellent Value:

Prairie View Apartments, Monmouth, Illinois offers the opportunity to acquire a perfectly positioned 24-Units Multi-family complex within a stone's throw of an established retail corridor and surrounding new development. Prairie View Apartments is an ideal property for investors searching for a well-positioned multi-family property. Buyers can expand the property if desired, offering a dynamic value-add opportunity in an established market.

Each unit has two bedrooms, two bathrooms, a nice-sized living room and kitchen with two cars attached garage. Electric heat, Central air. appliances include refrigerator, stove, microwave, and disposal in each unit. Currently rents are at $695.00 a month and tenants pay for their own utilities including water. Some of the tenants have been there since 2009 and 2010.

Located in a prime location with new development surrounding the property, a partial of land could also be developed on or sold off to new development or adding more apartments.

Monmouth is the home of Monmouth College and contains Monmouth Park, Harmon Park, North Park, Warfield Park, West Park, South Park, Garwood Park, Buster White Park, and the Citizens Lake & Campground. It is the host of the Prime Beef festival, held annually the week after Labor Day. The festival kicked off with one of the largest parades in Western Illinois. Monmouth is also known regionally as the "Maple City". It is part of the Galesburg Illinois Micropolitan Statistical Area.

Located in a prime growth area of Monmouth Illinois, only 12 minutes from Galesburg, Illinois

Major Employers.

1. Smithfield/Farmland Foods Inc. 1400 Employees
2. Monmouth College, 679 Employees *
3. Monmouth-Roseville School District, 259 Employees,
4.OSF Holy Family Medical Center 254 Employees

Complex Built in 1999, fully insulated.

One floor: two bedrooms and two bathrooms in each unit.

Electric heat, Central Air,

Double Car Garage attached

Appliances include Refrigerator, Stove, Dishwasher, garbage disposal.

Laundry room

Separate Meters. Tenants pay for trash removal, water, and electricity.