429 SOUTH ST, Pekin, IL 61554
429 SOUTH ST, Pekin, IL 61554
429 SOUTH ST, Pekin, IL 61554
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Shelley Berendt

Shelley Berendt

+1(217) 741-7227
Listed by Jessica Ball • RE/MAX Traders Unlimited
$485,000
Est. payment /mo
5,440 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 5,440 sqft

Price per Sqft $89

MLS Listing ID PA1269272

Year Built 1972

Annual Tax Amount $10,780

Tax Year 2025

Lot Size 0.350 Acres

Acres 0.35

Property Sub-Type Commercial

Source rmlsa

Property Description

10 unit apartment building that can generate new owners immediate cash flow, with room for rent increases. With rear parking lot available for tenants, common laundry, individual storage units in the basement, this apartment complex has been well maintained, is professionally managed (Stoneburner) and is consistently fully leased. Each of the 10 units are 1 bedroom and 1 bathroom, have owner owned appliances, and each unit has a slider door leading out the back to either a patio or a deck. Tenants each pay their own separately metered Ameren utilities. Video Walkthrough Tour available upon request. Property is listed at a pro forma 11.3% CAP Rate.

Location

State IL

County Tazewell

Area Paar Area

Zoning RM-2

Direction Corner of South and Bacon

Interior

Heating Forced Air

Cooling Central Air

Flooring Other

Fireplace N

Exterior

View true

Roof Type Composition Shingle

Garage 1

Building

Faces Corner of South and Bacon

Sewer Public Sewer

Water Municipal/City

Structure Type Vinyl Siding,Other

Others

Tax ID 04-10-03-425-007

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Shelley Berendt

Shelley Berendt

Broker | License ID: 475.127277

+1(217) 741-7227

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429 SOUTH ST

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