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1501 W North 4th St

32 Unit Block of Flats £2,503,840 (£78,245/Unit) Shelbyville, IL 62565

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Executive Summary

Introducing a prime investment opportunity in Shelbyville, IL – two newly built apartment buildings offering a total of 32 units. Comprising a mix of 16 two-bedroom units, 8 one-bedroom units, and 8 spacious three-bedroom, two-bath units, these buildings offer a diverse range of living spaces to cater to various tenant needs.
The first building was completed in 2022, followed by the second building in 2023. Both buildings are managed by a local firm and are 100% leased, as the date of listing.
With the current construction costs, these properties cannot be replicated at the current offering price, making this an exceptional chance to acquire a stable income-generating investment. Whether you are a seasoned investor or new to the market, this property offers long-term growth potential and reliability.
Don’t miss out on this opportunity to own a well-maintained, high-demand property in a thriving community!

Property Facts

Price	£2,503,840	Apartment Style	Low Rise
Price Per Unit	£78,245	Building Class	C
Sale Type	Investment	Lot Size	5.38 AC
Sale Conditions	Portfolio Sale	Building Size	30,204 SF
No. Units	32	Number of Floors	2
Property Type	Residential	Year Built	2022
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	£2,503,840
Price Per Unit	£78,245
Sale Type	Investment
Sale Conditions	Portfolio Sale
No. Units	32
Property Type	Residential
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	C
Lot Size	5.38 AC
Building Size	30,204 SF
Number of Floors	2
Year Built	2022
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.