For Sale: Fully Occupied 5-Unit Multi-Family Building on Oversized Corner Lot – Manhattan, IL Welcome to 230 Woodrow Avenue, a rare and highly desirable multi-family investment property located in the heart of Manhattan, Illinois. This fully occupied 5-unit building sits on an oversized corner lot, offering both strong income and long-term growth potential. The property features four (4) well-maintained units, each with 2 bedrooms and 1 bathroom, ideal for long-term tenants. All units are currently leased, providing consistent and reliable rental income. The highlight of the building is the expansive owner’s unit, which offers the feel of a private home and includes: • 4 spacious bedrooms • A living room with a fireplace • A master suite with a private balcony • 1 full bath, 1 half bath, and a master bathroom with a walk-in shower • A large sunroom and private deck, perfect for relaxation or entertaining • A generous yard featuring a basketball court Additional Highlights: • Oversized corner lot with great curb appeal and outdoor space • Net Operating Income (NOI): $102,000/year • Cap Rate: 8.5% — Strong return in a high-demand rental market • Fully occupied with stable tenancy • Prime location near schools, parks, downtown amenities, and major routes Asking Price: $1,200,000 Contact us today to schedule a private showing and explore this unique investment opportunity.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
