501 SW 3rd Street

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501 SW 3rd Street

Aledo, IL 61231
Asking Price
$180K
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building available for purchase in Aledo Illinois.
  • Property is located at 501 SW 3rd Street in 61231.
  • The total asking price for this residential asset is $179,500.
  • This apartment building provides a viable opportunity for real estate investors.
  • Aledo serves as a functional center for the local Mercer County area.

What's Special

Investors seeking an entry-level residential asset will find value in this multifamily apartment building located at 501 SW 3rd Street in Aledo, Illinois. Situated within a modest regional market, this property provides a foundational opportunity for those focused on small-scale rental income portfolios. The asset serves as a functional residential addition to the local housing supply, catering to the needs of the surrounding Mercer County community. Its compact nature makes it manageable for individual owners or smaller investment firms looking to establish a footprint in the area. Aledo serves as a primary hub for this portion of the state, maintaining a steady pace of life that appeals to long-term tenants seeking stability. Given the scale of this multifamily building, it represents a straightforward acquisition for operators interested in the acquisition of tangible real estate assets positioned for consistent utilization. The property sits within reach of local transit routes and essential service centers, supporting its viability for ongoing residential operations.

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NOI
$80,000
Cap Rate
44.57%
DSCR
7.51
Strong
Cash-on-Cash
128.77%
Monthly Payment
$888.068
Annual Cash Flow
$69,343.183

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