220 N Poplar St

Ludlow, IL 60949
  • $299,000

    Price
  • 2,000

    SqFt
  • 1.18

    Acre

About the Listing 29095 - 270042

Ludlow Mobile Home Park is an 11-pad community with an impressive 12.8 in-place cap rate. This park is generating $5590/month in revenue. All 11 homes are tenant owned (with 3 currently on seller financing), reducing operational and maintenance responsibilities for the park owner. The park is licensed for 12 pads and has an existing single-family home on-site in need of renovations. Renovate the SFH and add a 12th pad to drive yields even higher or operate it as-is. Conveniently located near I-57 and Hwy 45, the park offers easy access to employment hubs in Rantoul, Paxton, and the Champaign-Urbana metro.

Listing Highlights for 220 N Poplar St

Status Active
Days on Site 6
Property Type Business Opportunity
MLS ® 12781711
Year Built
Total Square Footage 2,000
Lot/Acreage 1.18

Interior Details

  • Appliances:
  • Air Cond: Window Unit(s)
  • Heating: Electric
  • Fireplaces:
  • Floor:
  • Basement:
  • Other:
  • Water: Municipal Water

Exterior Details

  • Garage Capacity: N/A
  • Lot Dimensions: 280x180
  • Roof:
  • Others:
  • Sewer: Septic Tank

Financial Details

  • Tax Amount: $3,412
  • Taxes w/Assessments: N/A
  • Tax/Property ID: 140301456003
  • Tax Year: 2025

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Listing Location

Questions About..

220 N Poplar St Ludlow, IL 60949

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Originating MLS: mred

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Puneet "Pete" Kapoor - CPA, ABR, PSA, SRS, CIPS, ACP

CPA, SRS, PSA, CIPS, ACP, GROUP LEAD, REALTOR | PRINCIPAL CO-OWNER | The Sterling Group Global | Keller Williams Infinity

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