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429 South Street

Pekin, IL 61554
  • $485,000
  • STATUS: Active
  • ON SITE: 21 Days
  • ID#: PA1269410
UPDATED: 47 min ago
$485,000
  • 0
    BEDS
  • 0.35
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Alf
Type:
Multi-Family
Built:
1972
County:
Area:

School Information

High School:

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. See also MLS # PA1269272.

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© 2026 RMLS Alliance, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Logan Frazier Homes | The Real Estate Group. Data last updated: 2026-09-10T17:44:53.1.
www.loganfrazierhomes.org/homes/180301111
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429 South Street Pekin, IL 61554

  • Price: $485,000
  • Status: Active
  • On Site: 21 Days
  • Updated: 47 min ago
  • ID#: PA1269410
0
Beds
0
Baths
0
½ Baths
0.35
Acres
1972
Built
Neighborhood:
Alf
County:
Tazewell
Area:
Paar Area
High School:
Pekin Community
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. See also MLS # PA1269272.
Exterior Features

Construction Materials BrickVinyl Siding Parking Features Parking Pad Parking Total 13 Roof Shingle

Interior Features

Basement FullUnfinished Building Area Total 5440 Cooling Central Air Heating Forced Air Number Of Central Air Units 10 Number Of Electric Meters 11 Number Of Gas Meters 11 Number Of Heating Units 10 Number Of Water Heaters 10

Property Features

100 Year Plain No Agent Owned No Disclosed Short Sale N Financing Cash OnlyCommercial Gross Income 0 Insurance Expense 3024 Lot Features Level Lot Size Dimensions see plat Manager On Site YN No Net Operating Income -22340 New Construction YN No Number Of Water Meters 1 Operating Expense 11560 Repossessed No Structure Type Apartment Building Tax Annual Amount 10780.3 Tax Legal Description SEC 3 T24N R5W ALFS ADDN LOT 8(EXC W 30')& ALL LOTS 9 & 10 BLK 6 SE 1/4 Tax Year 2025 Trash Expense 1236 Type Residential Income Water Source Public Sewer Zoning RM-2

Listing provided courtesy of Jessica Ball of RE/MAX Traders Unlimited: .
© 2026 RMLS Alliance, LLC. All Rights Reserved.


© 2026 RMLS Alliance, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Logan Frazier Homes | The Real Estate Group. Data last updated: 2026-09-10T17:44:53.1.
 
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