311 W Chestnut

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311 W Chestnut

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).

  • Multifamily apartment building available for purchase in Fairbury Illinois
  • Asset is located at 311 W Chestnut in the 61739 zip code
  • Property type is classified as a residential apartment building
  • Located within a stable and established community in rural Illinois
  • Building is positioned to serve local demand for rental housing

What's Special

Investors seeking to expand a residential portfolio will find this apartment building in Fairbury, Illinois, a practical addition for long-term rental income. Situated at 311 W Chestnut, the property functions as a multifamily asset within a stable midwestern community. The building structure supports residential occupancy, providing tenants with a reliable housing option in a quiet town setting. Fairbury maintains a steady pace of life typical of rural Illinois, drawing residents who value accessibility to local services and regional employers. Given the layout and residential nature of the site, this asset is well-positioned for those managing multi-unit housing investments in smaller markets. The location offers proximity to regional transportation routes and established community infrastructure that sustains demand for rental housing across Livingston County and the surrounding area. Prospective buyers can explore the potential for steady yield through consistent tenant demand in this well-defined suburban submarket.

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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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