New Listing
$299,000
( $149.50Per Sq Foot )
$1,605 est/mo Sourced by Back At You220 N Poplar Street,Ludlow, IL 60949
Ludlow, IL 60949
Description
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.
Details
| MLS # | 12781711 |
|---|---|
| Listing Type | For Sale |
| Style | Bus / Bus W/real Est |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 7 |
| Listing Provided By | Ellsbury Group LLC | John Wiebolt |
Features
| SQ Feet | 2,000 |
|---|---|
| Story(s) | 2 |
| Acreage | 1.16 |
Interior
| Cooling | Window Unit(s) |
|---|
Utilities
| Utilities | Electric to Site |
|---|---|
| Sewer | Septic Tank |
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Annual Amount | 3412 |
Area Information
| State | IL |
|---|---|
| County | Champaign |
| City | Ludlow |
| Zip Code | 60949 |
| Area | Northern Champaign County | Ford County |
| Listing VS Median (in 60949) | |
Price: $299,000 low | high Med: $149,900 sqft: 2,000 low | high Med: 937 $ / sqft: $150 low | high Med: $160 On site: 7 low | high Med: 56 | |
Market Activity 60949
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Learn More About This Property
| State | IL |
|---|---|
| County | Champaign |
| City | Ludlow |
| Zip Code | 60949 |
| Area | Northern Champaign County | Ford County |
| Listing VS Median (in 60949) | |
Price: $299,000 low | high Med: $149,900 sqft: 2,000 low | high Med: 937 $ / sqft: $150 low | high Med: $160 On site: 7 low | high Med: 56 | |
Listing Updated: October 14, 2026 at 11:17:46 PM PDT