512 Moen AveRockdale, IL 60436

Property Details for 512 Moen Ave

Year built

1912

Lot size

0.15 AC

Property type

Commercial real estate

APN

30-07-20-127-003

APU

300720127003

Description

This exceptional investment opportunity presents two landmark buildings situated in the heart of Downtown Rockdale, Illinois. The property comprises sixteen rental units, a rare find in this market, offering a strong 8% capitalization rate at the list price of $1,760,000. The unit mix includes ten two-bedroom units and six one-bedroom units, all currently occupied by long-term tenants with a consistent and reliable rental history – no delinquencies reported. This presents a stable income stream with significant potential for future growth. The property's strong occupancy and established tenant base provide immediate cash flow. Further value-add opportunities exist through potential rent increases, reflecting current market conditions. Annual operating expenses are well-documented and include property taxes ($10,225), repairs and maintenance ($4,500), vacancy allowance ($2,000), water ($3,300), electricity and gas ($534), insurance ($10,752), snow removal ($1,200), and trash removal ($2,400). This detailed breakdown allows for thorough due diligence and informed investment decisions. This is a turnkey multifamily investment with a proven track record and substantial upside potential. Don't miss this chance to acquire a prime commercial property in a thriving downtown location.

• Alternative Use

  Use

  Valuation

  Residential

  $2,251,278

  Hospitality

  $2,062,158

  Educational

  $1,715,691

  Medical

  $1,774,697

  Retail

  $2,668,853

Location Insight

City

Rockdale

County

Will

State

Illinois

Latitude

41.5049

Longitude

-88.1141

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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