Carolyn Apartments is a three-building multifamily asset located in Eureka, Illinois. The property consists of three solid brick apartment buildings totaling 18 units and offers stable in-place cash flow with significant recent capital improvements. Ownership completed extensive renovations between 2017–2025, including unit interior updates, roofing replacements, boiler replacements, flooring upgrades, paint and trim improvements, and selective garage additions. The asset is positioned in a low-supply Central Illinois rental market with continued upside through rent growth.
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