Atkinson Estates MHC
Atkinson, IL
Asking price
$900,000
Sites
24
Cap rate
—
Price / site
$37,500
About this property
Description Atkinson Estates MHC is a 24-pad mobile home community located on 5.65 acres on the outskirts of Atkinson, IL. The park was developed in the 1960's and has served the community by offering an affordable housing option since that time. The property is zoned 0030 (vacant residential lots) and 0060 (improved commercial). The park is not located in a flood zone. The park is presently managed by a resident manager who the owners believe will have interest continuing in that role going forward. The park also has a maintenance man. The pad size varies, but the majority are single section pads (19) that will accommodate 14 x 80 trailers. There are also multi-section pads in the park (05). There are currently not any trailers that need to be removed from the premises. Of the 20 occupied pads in the park, one is a RTO at $700/month. Two are POH's at $750/month. The other 17-pads in the park are occupied by TOH's which are paying $375/month. Rent was just raised in April of 2024. There are currently zero tenants behind in their rent. The park utilizes leases for its residents. The tenants currently pay their rent via check, bank deposit, Cashapp, Venmo, & Zelle. PUBLIC WATER & SEWER! Atkinson Estates is on city water & city sewer! The underground pipe material is believed to be PVC. The electrical pedestals are believed to be 100 amps. Residents are direct billed for water, electricity, & gas by the utility providers. Garbage is built into the lot and home rent. The park has two roads that are asphalt and are considered to be in good condition. The tenants mow their own pads and the park mows the common areas. The park handyman pushes snow as needed. The owner has made some park improvements since taking over the park. They upgraded the roads, added some park owned homes, and did some plumbing improvement projects. When asked what items they would focus on improving if they were to continue to own/operate the park going forward they responded with: Add a trailer on the front lot and rent it for $800/monthly.
All details
| Asking price | $900,000 |
|---|---|
| Sites | 24 |
| Price per site | $37,500 |
| Year built | 1960 |
| Address | 109 South Pearl Street |
| First seen | Sep 6, 2026 |
| Last verified | Sep 7, 2026 |
