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Elm Haven Apartments 101 N Rose St, Elmwood, IL 61529
Property Description
REMAX Traders Unlimited has been exclusively retained to sell 101 N Rose Street (“Elm Haven Place”) in the heart of Elmwood, Illinois. The 20,000+ SF multifamily property consists of 22 units laid out across two floors, each featuring modern, efficient floor plans designed to appeal to long-term tenants. The building’s thoughtful design, affordability and quality relative to the local market have helped drive strong leasing performance and low turnover rate.
Elmwood is a tightly held, supply-constrained rental market with limited availability of quality multifamily housing. Demand is driven by a stable population base, local employment, and the area's overall affordability. Elm Haven Place’s central location within the community and walkable access to daily needs make it one of the more desirable residential options in the market. The lack of comparable product in the immediate area positions the asset well for long-term retention and rent growth.
Highlights
- 20,433 SF across 2 Floors
- 22 Units w/ only 2 vacant
- Renovated in 2020
Full Address: 101 N Rose St, Elmwood, IL 61529
Listing Type: FOR SALE
Status: Active
Occupancy Rate: 90
Building Class: A
Region: M-EN
Use Type: Apartment Building
Property ID: 4085249
Building Sf: 20433
Parcel Num: 11-08-158-007
Number Units: 22
Number Buildings: 1
Year Renovation: 2020
Free Standing: Yes
Cap Rate: 7.1
Tenancy Type: Multi-Tenant
Cash Flow Type: Actual
Cf Op Expenses: 117215
Cf Effective Gross: 328724
Cf Year: 2025
Cf Sched Income: 309720
Cf Net Op Income: 211509
Cf Reimbursement: 31393
Cf Vacancy: 4