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For sale 26 days ago

$2,995,000

rooms 0 ba 20433 sqft

101 N. Rose, Elmwood, IL 61529

Commercial Multifamily

Current Rent **

$10,000+

Projected Rent **

$10,000+

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

22 Unit Multifamily Property in Central Illinois

https://www.crexi.com/properties/2143843/illinois-elm-haven-place

Contact Justin Ball at 309-323-0399 (call/text) or [email protected] for more information.

101 N Rose Street (“Elm Haven Place”) in the heart of Elmwood, Illinois is a 20,000+ SF multifamily property that consists of 22 units laid out across two floors. Each floor features modern, efficient floor plans designed to appeal to long-term tenants. The building’s thoughtful design, affordability and quality relative to the local market have helped drive strong leasing performance and low turnover rate.

Elmwood is a tightly held, supply-constrained rental market with limited availability of quality multifamily housing. Demand is driven by a stable population base, local employment, and the area's overall affordability. Elm Haven Place’s central location within the community and walkable access to daily needs make it one of the more desirable residential options in the market. The lack of comparable product in the immediate area positions the asset well for long-term retention and rent growth.

Location:

101 N. Rose, Elmwood, IL 61529

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.