501 N Main Street

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501 N Main Street

Stockton, IL 61085
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 direct acquisition
  • Located centrally at 501 N Main Street in Stockton
  • Asset supports consistent residential rental income generation
  • Situated within a steady Northern Illinois community market
  • Well-suited for investors pursuing long-term residential housing

What's Special

This multifamily apartment building at 501 N Main Street in Stockton, Illinois is available for sale to investors seeking a residential addition to their portfolio. The property provides a stable asset class in a regional market characterized by steady community growth and localized economic activity. Its location in the downtown area of Stockton positions residents near essential services and local infrastructure typical of Northern Illinois municipalities. Apartment buildings of this nature serve as essential housing inventory for the local workforce and long-term residents. Investors may evaluate this asset for its potential to provide consistent cash flow through traditional rental agreements. As a functional multifamily structure, it offers a practical entry point for those looking to manage residential units within a small-town, community-oriented setting. The building's footprint and layout allow for straightforward management and tenant retention strategies common in regional apartment markets.

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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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