Home Details for 218 Carolyn Lane

Ideal for investors seeking stable income, reduced near-term capital risk, and long-term upside! Well-maintained 18-unit multifamily property consisting of three brick apartment buildings located at 108-218 Carolyn Lane in Eureka, Illinois. The property features an all two-bedroom unit mix and offers stable in-place income supported by documented unit and building improvements. A majority of the units have been remodeled or updated over time, with interior improvements completed between 2017 and 2025, including updated flooring, paint, trim, and interior finishes. Select units include garage parking, providing additional income. Current rents provide immediate cash flow with the opportunity for future rent growth through continued unit upgrades and lease turnover. Located in a supply-constrained Central Illinois market with limited multifamily inventory and consistent rental demand.