523 SANFORD ST #1-10 Active Save Request In-Person Tour Request Virtual Tour
East Peoria,IL 61611
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 4,756 sqft
Price per Sqft $68
MLS Listing ID PA1260290
Year Built 1948
Annual Tax Amount $4,158
Tax Year 2024
Lot Size 0.410 Acres
Property Sub-Type Commercial
Property Description
EXCELLENT INVESTMENT OPPORTUNITY! This 10-unit apartment complex generates strong cash flow with the smallest unit renting at $450/month and all others at $650/month. Net income is approximately $30,000 annually with plenty of upside potential for increased rents. Don't miss your chance to own a solid income-producing property with room to grow! Each of the stand alone units (1,2,3,4,10) have their own gas and electric meters. The block building units 5, 6, 7, 8, 9 all work off one gas, electric meter. Units 5, 6, 7, 8, 9 are serviced off one gas water heater that is in the closet of #7. The stand alone units all have gas water heaters, gas furnaces, gravity type wall , #3 has a gas forced air unit. All units come with working gas range stove and electric fridges. The only exception is #8, seller hasn't replaced it.
Location
State IL
County Tazewell
Area Paar Area
Zoning res
Interior
Heating Electric,Natural Gas,Individual Unit,Other
Cooling Multi Units,Wall/Window Unit(s)
Flooring Other
Exterior
Utilities Available Water Available
View true
Roof Type Composition Shingle
Building
Sewer Public Sewer
Structure Type Other,Vinyl Siding