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$375,000 For Sale

1901 Organ Street
Eldorado, IL 62930

24 units | Multi Family Home
2.5 acres - MLS# 423170
Property Photo
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Description

24 Unit apartment building in Eldorado. Property is in distressed condition. Formally used as a hospital the property was converted to apartment housing. The town of Eldorado has a population of 4000 people. Located in Saline County, Eldorado is a bedroom community to the micro metropolitan area of Harrisburg. The county has a population of 26 thousand people (2016). These units previously provide affordable housing with all utilities being included in rent. Pro forma estimate done by listing broker does not include Capex numbers, rents could be increased or utilities cost could be shifted by reconstructing electrical lay out and heating and AC setup, thus pro forma is merely meant to give a snap shot of how this building could perform.

Features

  • Property Type: Multi Family Home
  • Sub Type: Apartment
  • Listing Status: Active
  • County/Area: Saline County
  • Zip Code: 62930
  • Year Built: 1952
  • Elementary School: Eldorado
  • High School: Eldorado
  • Sq.Ft.: 28,918 sq ft
  • Style: Apartments
  • Units: 24 units
  • # of Parking Spaces: 24.00
  • Lot Size: 2.5 acres
  • Zoning: Mixed Use
  • # of Parking Onsite: 24
  • Construction: Brick
  • Electric Company: Ameren
  • Exterior: Brick
  • Fin SqFt Above: 28918.00
  • Foundation: Basement
  • Gas: Available
  • Roof: Asphalt/Fiberglass
  • Sewer: City
  • Water: City
  • Water Company: City
Courtesy of Realty Central, Inc.

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