1501 W North 4th St - Apartments FOR SALE


Shelbyville, IL 62565
$3,200,000 USD
217-246-7371
1501 W North 4th St, Shelbyville, IL for Sale
$3,200,000 USD
Apartments - FOR SALE
1/15
null | Request Cap Rate

1501 W North 4th St
Shelbyville, IL 62565


OVERVIEW

Introducing a prime investment opportunity in Shelbyville, IL – two newly built apartment buildings offering a total of 32 units. Comprising a mix of 16 two-bedroom units, 8 one-bedroom units, and 8 spacious three-bedroom, two-bath units, these buildings offer a diverse range of living spaces to cater to various tenant needs. The first building was completed in 2022, followed by the second building in 2023. Both buildings are managed by a local firm and are 100% leased, as the date of listing. With the current construction costs, these properties cannot be replicated at the current offering price, making this an exceptional chance to acquire a stable income-generating investment. Whether you are a seasoned investor or new to the market, this property offers long-term growth potential and reliability. Don’t miss out on this opportunity to own a well-maintained, high-demand property in a thriving community!

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$106 USD /SF

# OF UNITS

32

PRICE/UNIT

$100,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2022

PARKING SPACES

-

LAND DETAILS

LAND ACRES

5.38 AC

LAND SF

234,353 SF

ZONING

Commercial

APN/PARCEL ID

1812-12-00-400-015

ASK ABOUT THIS PROPERTY

Nate ZimmerElite RealtyMore Info
217-246-7371

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Nate ZimmerElite RealtyMore Info
217-246-7371

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.