For Sale
$5,600,000

205 Sandra Ave Mendota, IL 61342

56-Unit Apartment Complex, Excellent ROI

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional investment opportunity presents a well-maintained, 56-unit apartment complex situated on a 3.32-acre lot in Mendota, Illinois, at 205 Sandra Avenue, zip code 61342. The property comprises 14 buildings, offering a diverse mix of unit sizes to cater to a wide range of tenants. The unit breakdown includes 12 one-bedroom, 18 two-bedroom, and 26 three-bedroom apartments, providing a strong foundation for consistent rental income. Significant updates have been implemented over the past six years, ensuring the property is in excellent condition and ready for immediate occupancy. The complex benefits from professional management and established maintenance procedures, minimizing operational concerns for the new owner. This turnkey investment is priced at $5,600,000 and presents a compelling opportunity for investors seeking a stable and high-performing multifamily asset in a desirable location. The property's location in Mendota, La Salle County, Illinois, offers convenient access to local amenities and services. This is a rare chance to acquire a well-established, income-producing property with a proven track record. The existing infrastructure and professional management team ensure a smooth transition for the new owner. This is an ideal investment for those seeking a stable, high-yield return on their investment.

Highlights

  • $5,600,000 asking price.
  • Multifamily property with land, classified as an apartment building and commercial duplex/triplex/quadruplex.
  • 56 units total: 12 one-bedroom, 18 two-bedroom, and 26 three-bedroom apartments across 14 buildings on a 3.32-acre site in Mendota, IL.
  • Extensive updates within the last six years.
  • Professionally managed with existing maintenance program.

Property Details for 205 Sandra Ave

Property type
Land, Apartment buildings

Location Insight

City
Mendota
County
La Salle
State
Illinois
Latitude
41.5423502
Longitude
-89.1307802

FAQs

What type of property is this?
Land - 56-Unit Apartment Complex, Excellent ROI
Where is the land located?
The property is located at 205 Sandra Ave Mendota, IL.
What is the asking price?
The asking price for this property is $5,600,000.
What are key features of this property?
This property features: $5,600,000 asking price.; Multifamily property with land, classified as an apartment building and commercial duplex/triplex/quadruplex.; 56 units total: 12 one-bedroom, 18 two-bedroom, and 26 three-bedroom apartments across 14 buildings on a 3.32-acre site in Mendota, IL.
How can I contact the broker?
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205 Sandra Ave
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