100 S 2nd Avenue

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100 S 2nd Avenue

Chenoa, IL 61726
Asking Price
Contact for price
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 sale in Chenoa, Illinois.
  • Property encompasses a total of 10 individual residential units.
  • Located at 100 S 2nd Avenue with access to regional routes.
  • Asset profile suits investors targeting stable, smaller-market rental properties.
  • Positioned within a consistent Central Illinois residential submarket.

What's Special

Investors seeking to expand their residential portfolio will find this 10-unit multifamily apartment building in Chenoa, Illinois, a practical addition for long-term income generation. Situated at 100 S 2nd Avenue, the property serves the local housing demand within a community characterized by its steady regional economy and accessibility to larger Central Illinois employment hubs. The building scale allows for streamlined management while providing a consistent rental income stream. Residential real estate in this submarket often appeals to workforce tenants requiring proximity to local commerce and regional transit corridors. The layout and unit count provide a stable foundation for investors focusing on multi-family assets within established, smaller-market settings. Prospective buyers can leverage the existing structure to maintain occupancy levels while benefiting from the predictable nature of apartment living in this specific Illinois location.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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