32-Unit Multifamily in Casey, IL

This 32-unit multifamily and mixed-use real estate portfolio offers a combination that's increasingly hard to find: real, documented cash flow — $75,999 in trailing-twelve-month net operating income — paired with outright real property ownership across all six parcels and a clear, no-capital path to a meaningfully higher return.

The portfolio is anchored by two nine-unit apartment buildings and a five-unit mixed-use building with two ground-floor commercial storefronts, together with three smaller properties — a mix of mobile homes, a single-family rental, and a compact apartment building — all within Casey, Illinois. Every parcel is owned outright and conveys with the sale; there is no ground lease or land lease exposure anywhere in the portfolio, and no operating business to learn — just collectible rent from a stable, long-standing tenant base.

At 90.6% occupancy, the portfolio already produces $166,351 in gross scheduled income against $90,352 in documented operating expenses. Three vacant units, held by the current owner for renovation, represent an estimated $19,000 in additional annual gross income once leased — lifting stabilized NOI to approximately $84,718 without a dollar of capital investment. For a buyer looking to put capital into real, in-place income property with a straightforward value-add lever already built in, this is that opportunity.

This is a passive, income-generating real estate holding, not an owner-operated business — there's no staff to manage, no customers to serve, and no day-to-day operations to learn. The current rent roll reflects a stable, long-standing tenant base across all six properties, maintained to date with light oversight. A new owner can continue the existing arrangement, self-manage, or bring in a third-party property manager — the transition is as straightforward as the asset itself.

The portfolio consists of six parcels, all within Casey, Illinois: (address on request) (9 units), (address on request) (5 units — 3 apartments plus 2 commercial storefronts), (address on request) (9 units, Golf View Apartments), (address on request) (3 units — 2 mobile homes plus 1 house), (address on request) (3 units — 2 mobile homes plus 1 small single-family home), and (address on request) (3 units). All real property is owned outright and conveys with the sale.