- Offered at an Incredible Basis – 2000 Construction Well Below Replacement Cost
- Excellent Location Blocks from Eastern Illinois University (8,600+ Students)
- Conservative In-Place Owner-Operator
- Desirable Mix of Large, One- and Two-Bedroom Units
- Offered Free and Clear of Existing Debt
Offered at an Incredible Basis
MAC Apartments is offered at an incredible basis, providing new ownership an opportunity to own a modern, 2000-construction asset well below replacement cost. This opportunity will allow investors to unlock potential for exceptional returns while maximizing the value of their investment portfolio.
Excellent Location Blocks from Eastern Illinois University (8,600+ Students)
Residents of MAC Apartments have quick and easy access to Eastern Illinois University, which enrolls more than 8,600 students. The property is only a few blocks from campus! The property is also conveniently located near dining, retail, and entertainment options. With easy highway access, the property is minutes away from grocery options, parks, and major employers.
Conservative In-Place Owner-Operator
Current ownership has employed a conservative strategy in lieu of maximizing Net Operating Income, as illustrated by the community’s below market rents. As a result, MAC Apartments is ideally positioned for new ownership to add substantial value through operational improvements such as significant rental increases, as well as light capital investments focused on driving rental rates to meet current market rates.
