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Jimmy Rule

jimmy@yoursummitteam.com +1(309) 868-1929

Listed by Jaime Watkins • SHAWNEE HILLS REAL ESTATE, LLC

$ 195,000

Est. payment | -/mo

4,056 SqFt

Save

$ 195,000

Est. payment | -/mo

Save

4,056 SqFt

Key Details

Property Type Single Family Home, Multi-Family

Sub Type Residential Income

Listing Status Active

Purchase Type For Sale

Square Footage 4,056 sqft

Price per Sqft $48

MLS Listing ID PA1268117

Year Built 1950

Annual Tax Amount $3,227

Tax Year 2024

Lot Dimensions 75x90x75x91

Property Sub-Type Residential Income

Source rmlsa

Property Description

Unlock the potential of this outstanding apartment investment opportunity! Once fully completed, this property will feature a total of five rental units with dedicated parking for each tenant. The building currently includes two upstairs units that were completely remodeled in 2023—a two-bedroom, one-bath unit and a one-bedroom, one-bath unit—which are both occupied and currently generating $1,650 per month in rental income. The three downstairs units have already been gutted and are ready for completion, allowing you to add a studio, one-bath unit and two additional two-bedroom, one-bath units. Once all renovations are complete, the property will consist of three two-bedroom, one-bath units, one one-bedroom, one-bath unit, and one studio, one-bath unit. With all five units leased, the property has the potential to generate over $4,000 per month in rental income. Whether you're looking to expand your investment portfolio, increase your cash flow, or begin your journey into real estate investing, this property offers the perfect combination of immediate income and significant upside. Contact us today to find out about this value-add investment opportunity located in the TIFT district or to schedule your private showing!

Location

State IL

County Williamson

Area Paar Area

Direction From S Court St, take W Hendrickson and the property is signed

Rooms

Basement None

Interior

Heating Electric, Forced Air, Wall Unit(s)

Fireplace N

Exterior

View true

Roof Type Other

Total Parking Spaces 6

Garage 1

Building

Lot Description Level

Faces From S Court St, take W Hendrickson and the property is signed

Unit Features [{\"UnitTypeBedsTotal\":1,\"UnitTypeType\":\"Unit 1\",\"RMA_FullBaths\":\"1\",\"RMA_HalfBaths\":\"0\",\"UnitTypeActualRent\":750,\"RMA_NumberParking\":\"1\",\"RMA_NumberUncovered\":\"1\",\"RMA_FireplaceYN\":\"N\",\"RMA_NumberCovered\":\"0\",\"UnitTypeKey\":\"RMA1416869Group_1\"},{\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"Unit 2\",\"RMA_FullBaths\":\"1\",\"RMA_HalfBaths\":\"0\",\"UnitTypeActualRent\":900,\"RMA_NumberParking\":\"1\",\"RMA_NumberUncovered\":\"1\",\"RMA_FireplaceYN\":\"N\",\"RMA_NumberCovered\":\"0\",\"UnitTypeKey\":\"RMA1416869Group_2\"}]

Foundation Poured Concrete, Slab

Water Public Sewer, Public

Structure Type Stucco

New Construction false

Schools

Elementary Schools Marion

Middle Schools Marion

High Schools Marion

Others

Tax ID 06-24-188-007

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(309) 868-1929

jimmy@yoursummitteam.com

114 W Stratford Dr, Peoria, IL, 61614, USA

1106 W Hendrickson ST Marion, IL 62952