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Listed by Jessica Ball • RE/MAX Traders Unlimited
$ 485,000
Est. payment | /mo
5,440 SqFt
$ 485,000
Est. payment | /mo
5,440 SqFt
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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