1901 South 2nd Street

Pekin, IL 61554

$175,000
Price
Beds
5,724 Sq. Ft.
$31 / Sq. Ft.
5,724
Sq. Ft.
$31
per Sq. Ft.

Description

Five income producing rentals that include: two large commercial units on main floor ($600 & $375 per month), two spacious 2-bedroom apartments upstairs ($650 & $600 per month) and a 1-bedroom apartment in back ($400 per month) off of Insul. $31,500 income per year. Currently, the north side commercial unit and the 1 bedroom apartment in back are vacant. Owner working on both units and is in the process of installing a new septic system. Located across from Pekin's Riverway Business Park on Route...Five income producing rentals that include: two large commercial units on main floor ($600 & $375 per month), two spacious 2-bedroom apartments upstairs ($650 & $600 per month) and a 1-bedroom apartment in back ($400 per month) off of Insul. $31,500 income per year. Currently, the north side commercial unit and the 1 bedroom apartment in back are vacant. Owner working on both units and is in the process of installing a new septic system. Located across from Pekin's Riverway Business Park on Route 29
  1. Listed by Gary Allen • Coldwell Banker Real Estate Gr • GaryAllennPekin@gmail.com

Property Details for 1901 South 2nd Street

Parking Total
30.0
Subdivision Name
Normandale
LISTING UPDATED: 11/24/2024 02:01 PM

Property Details for 1901 South 2nd Street

StatusActive
MLS #PA1244843
Days on Market487
Taxes$6,918 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Residential Income
Year Built1928
Lot Size-
CountyTazewell County

Building Information for 1901 South 2nd Street

Stories-Residences5Year Built1928Building Size-Lot Size-

Property Information for 1901 South 2nd Street

Summary
Location and General Information
  • City: Pekin
  • County Or Parish: Tazewell
  • Directions: Located on Route 29, just across the road from Pekin's Industrial Park
  • Latitude: 40.546851
  • Longitude: -89.664934
  • MLSArea Minor: PAAR Area
  • Postal Code: 61554
  • State Or Province: IL
Taxes and HOA Information
  • Parcel Number: 10-10-09-214-022
  • Tax Annual Amount: $6,918
  • Tax Legal Description: SEC 9 T24N R5W S NORMANDALE ALL OF LOT 3 & ELY 100 OF LOTS 1 & 2 NE 1/4
  • Tax Year: 2023
School Information
  • High School: Pekin Community
Parking
  • Parking Features: Guest Parking, Parking Pad
Property
Lot Information
  • Structure Type: Other
  • Building Area Total: 5724.0
  • Lot Features: Corner Lot
  • Lot Size Dimensions: See Plat
  • Number Of Units Total: 5
  • 100 Year Plain: No
  • Road Surface Type: Paved
Property and Assessments
  • Documents Available: Legal Description
  • Foundation Details: Concrete
  • New Construction: No
  • Year Built: 1928
Utilities
  • Number Of Electric Meters: 5
  • Number Of Gas Meters: 5
  • Numberof Water Meters: 5
  • Water Sewer Expense: $360
  • Water Source: Public, Septic System
Interior and Exterior Features
Exterior Features
  • Roof: Composition, Shingle
  • Construction Materials: Brick Partial, Other, Wood Siding
Interior Features
  • Basement: None
  • Heating: Forced Air, Gas, Cooling Systems - 2+, Central Air, Other, Window Unit(s)
  • Interior Features: Storage, Cable Available
  • Laundry Features: Other
  • Number Of Central Air Units: 2
  • Number Of Dishwashers: 0
  • Number Of Dryers: 0
  • Number Of Heating Units: 5
  • Number Of Ranges: 2
  • Numberof Refrigerators: 2
  • Number Of Washers: 0
  • Number Of Water Heaters: 5
  • Number Of Window Units: 2
  • Operating Recording Device: None
Multi Family
Income & Expenses
  • Electric Expense: $0
  • Gross Income: $31,500
  • Gross Scheduled Income: $31,500
  • Insurance Expense: $3,128
  • Maintenance Expense: $0
  • Manager Expense: $0
  • Net Operating Income: $20,458
  • Operating Expense: $4,124
  • Advertising Expense: 0
  • Gas Expense: 0
  • Misc Annual Income: 0
  • Trash Expense: $636
Unit 1
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 4
  • Number Uncovered: 0
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
Unit 2
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 4
  • Number Uncovered: 0
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
Unit 3
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 2
  • Number Uncovered: 0
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 3
Unit 4
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 10
  • Number Uncovered: 0
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
Rental
Rent Information
  • Lease Term: Month To Month
  • Tenant Pays: All Utilities

Property History for 1901 South 2nd Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 1901 South 2nd Street

This home is within Pekin Community School District 303.
Rating
School
Type
Grades
Distance
Public - K to 3
Public - 4 to 6
Public - 7 to 8
Public - 9 to 12
Rating
School
Distance
Jefferson Elementary School
PublicK to 3

Wilson Intermediate School
Public4 to 6

Broadmoor Junior High School
Public7 to 8

Pekin Community High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1901 South 2nd Street is a multi-family home for sale in Pekin, IL 61554. This property was listed for sale on August 18, 2023 by Coldwell Banker Real Estate Gr, it's currently listed at $175,000. This listing's school districts are Pekin Community School District 303, Pekin Public School District 108 School District. Nearby schools include Jefferson Elementary School, Wilson Intermediate School and Broadmoor Junior High School. 1901 South 2nd Street is a 0-bed, 0-bath, 5,724 sqft multi-family home built in 1928.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Real Estate Gr

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