Re/Max Commercial

Remax Traders Unlimited Commercial
Peoria Illinois

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CLS# PA1233268
  • MLS# PA1233268
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400 HERMAN Street
Pekin, IL  61554
CLS #PA1233268
$ 1,200,000.00
9987 Total Sq. Ft.
Available for Purchase.
Purchase Price:$1,200,000
Great investment opportunity! Two apartment buildings located on large corner lot. Twenty 2 bedroom apartments fully rented - all on a month-to-month basis. $11,050 monthly income with $18,520 in security deposits. 4 long term tenants have lower rents. 16 units have been updated with laminate flooring. Tenants provide own appliances and window A/C. New trussed roofs approx. 15 years old. Each unit has own assigned parking space. Blacktop parking lot sealed and painted 2021. Basements could offer coin operated washers and dryers and be divided for extra storage. Owner did own lawn care. Preapproval letter required with appointment request.
 
Listing Features
Type Building
Land
Zoning RM2
County Tazewell
Water/Sewer Public Sewer
Total Sq. Ft. 9987
Year Built 1966
Approximate Lot Size 120x262
Directions
Koch St to S. 4th - R @ Herman


Peoria Area Association of Realtors (PAAR) The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but is not guaranteed and should be independently verified through personal inspection and/or with the appropriate professionals. This listing compliments of RE/MAX Traders Unlimited

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but is not guaranteed and should be independently verified through personal inspection and/or with the appropriate professionals.

Last Updated on 5/16/2022 2:15:27 PM.
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