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429 South Street

Pekin, IL 61554
  • $485,000
  • STATUS: Active
  • ON SITE: 32 Days
  • ID#: PA1269272
UPDATED: 6 min ago
$485,000
  • 0
    BEDS
  • 0.35
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1972
County:
Area:

School Ratings & Info

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. See also MLS # PA1269410.

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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 Bryson Smith Team | Keller Williams Premier Realty. Data last updated: 2026-09-16T08:44:49.997.
www.brysonsmithteam.com/homes/180147335
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429 South Street Pekin, IL 61554

  • Price: $485,000
  • Status: Active
  • On Site: 32 Days
  • Updated: 6 min ago
  • ID#: PA1269272
0
Beds
0
Baths
0
½ Baths
0.35
Acres
1972
Built
Neighborhood:
Paar Area
County:
Tazewell
Area:
Paar Area
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. See also MLS # PA1269410.
Exterior Features

Construction Materials Vinyl SidingOther Roof Composition Shingle

Interior Features

Building Area Total 5440 Common Laundry YN Yes Cooling Central Air Flooring Other Heating Forced Air Individual Laundry YN No

Property Features

100 Year Flood Plain No Agent Owned No Financing Cash OnlyCommercial Frontage Type City Street Levels TwoBasementFree Standing Possible Use Multi-Family Sewer Public Sewer Sprinkler YN No Tax Annual Amount 10780.3 Tax Incentive1 No 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 Type Commercial Water Source Municipal/City 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 Bryson Smith Team | Keller Williams Premier Realty. Data last updated: 2026-09-16T08:44:49.997.
 
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Bryson Smith Team | Keller Williams Premier Realty
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