108 S Second Street

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108 S Second Street

Fairbury, IL 61739
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).

  • This apartment building is currently available for purchase in Fairbury.
  • The multi-family asset features a total of eight individual units.
  • Located at 108 S Second Street in central Illinois.
  • The property provides housing capacity within an established residential submarket.
  • Investors can manage this site as a consistent rental income stream.

What's Special

Multi-family investors seeking stable residential assets will find this 8-unit apartment building at 108 S Second Street a practical addition to a portfolio. Situated in Fairbury, Illinois, the property serves the local housing demand within this established Livingston County community. The building provides a consistent housing option for residents in a region defined by its agricultural roots and steady small-town economy. Ownership of this asset allows for straightforward property management within a centralized market location. Its physical layout and current configuration as an apartment building support ongoing operations for long-term residential leasing. The structure occupies a position that benefits from the connectivity of the surrounding rural Illinois infrastructure. Prospective buyers can evaluate this site for its potential to maintain steady occupancy rates while contributing to the local rental supply in the 61739 zip code area.

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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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