306 West 2nd Street

Annawan, IL 61234

$405,000
Price
Beds
8,598 Sq. Ft.
$47 / Sq. Ft.
8,598
Sq. Ft.
$47
per Sq. Ft.

Description

Strong Rental History: A proven track record of steady occupancy and reliable rental income, showcasing the property’s appeal and profitability. Whenever a vacancy occurs there is a wait-list! A meticulously maintained 12-plex that stands out as a premier investment opportunity in this quaint and growing community. This well-kept multi-family property offers a blend of classic charm and profitability. Situated in the heart of Annawan, residents enjoy easy access to local shops, schools, and parks,...Strong Rental History: A proven track record of steady occupancy and reliable rental income, showcasing the property’s appeal and profitability. Whenever a vacancy occurs there is a wait-list! A meticulously maintained 12-plex that stands out as a premier investment opportunity in this quaint and growing community. This well-kept multi-family property offers a blend of classic charm and profitability. Situated in the heart of Annawan, residents enjoy easy access to local shops, schools, and parks, enhancing the appeal of this desirable location. Ample parking space available for residents, adding to the convenience and value of the property. A majority of the windows on the building have been replaced, the owners have installed PEX to many of the units, and a metal roof has been installed on the south side of the building.
  1. Listed by Garrett Upton • Epique Realty • Cell: 309-428-7144

Property Details for 306 West 2nd Street

Parking Total
12.0
Subdivision Name
Annawan
LISTING UPDATED: 11/21/2024 02:01 PM

Property Details for 306 West 2nd Street

StatusActive
MLS #QC4255532
Days on Market131
Taxes$2,787 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Residential Income
Year Built1900
Lot Size0.22 AC / 9,600 SF
CountyHenry County

Building Information for 306 West 2nd Street

Stories-Residences12Year Built1900Building Size-Lot Size0.22 AC / 9,600 SF

Property Information for 306 West 2nd Street

Summary
Location and General Information
  • City: Annawan
  • County Or Parish: Henry
  • Directions: On IL-78 S Turn right onto W 2nd St. Continue straight to reach you reach 306 W 2nd St on your left.
  • Latitude: 41.396586
  • Longitude: -89.908166
  • MLSArea Minor: QCARA Area
  • Postal Code: 61234
  • State Or Province: IL
Taxes and HOA Information
  • Parcel Number: 15-03-377-018
  • Tax Annual Amount: $2,787
  • Tax Legal Description: LOT 5 BLK 7 ORIGINAL TOWN OF ANNAWAN
  • Tax Year: 2023
School Information
  • High School: Annawan
Parking
  • Parking Features: Assigned, On Street
Property
Lot Information
  • Structure Type: Apartment Building
  • Building Area Total: 8598.0
  • Lot Features: Corner Lot, Level
  • Lot Size Dimensions: 150x64
  • Number Of Units Total: 12
  • 100 Year Plain: No
  • Road Surface Type: Curbs & Gutters
Property and Assessments
  • Documents Available: Legal Description
  • Foundation Details: Brick
  • New Construction: No
  • Year Built: 1900
Utilities
  • Number Of Electric Meters: 8
  • Number Of Gas Meters: 8
  • Numberof Water Meters: 1
  • Water Sewer Expense: $2,913
  • Water Source: Public Sewer, Public
Interior and Exterior Features
Exterior Features
  • Roof: Metal
  • Construction Materials: Brick, Vinyl Siding, Wood Siding
Interior Features
  • Basement: Crawl Space, Partially Finished
  • Heating: Baseboard, Gas Water Heater
  • Laundry Features: Owned Equipment
  • Number Of Central Air Units: 0
  • Number Of Dryers: 2
  • Number Of Heating Units: 1
  • Number Of Washers: 2
  • Number Of Water Heaters: 2
  • Operating Recording Device: None
Multi Family
Income & Expenses
  • Electric Expense: $5,830
  • Gross Income: $82,800
  • Insurance Expense: $5,460
  • Maintenance Expense: $2,000
  • Manager Expense: $0
  • Net Operating Income: $55,782
  • Operating Expense: $24,231
  • Advertising Expense: 0
  • Gas Expense: 8028
  • Misc Annual Income: 82800
  • Trash Expense: $0
Unit 1
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 1
  • Number Uncovered: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
Unit 2
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 1
  • Number Uncovered: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 2
Unit 3
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 1
  • Number Uncovered: 1
  • 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: 1
  • Number Uncovered: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 4
Rental
Rent Information
  • Lease Term: Month To Month
  • Tenant Pays: No Utilities

Property History for 306 West 2nd Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 306 West 2nd Street

Taxable ValueLand$2,468Additions$30,965Total$33,433
Tax Record2021$2,899 ($242 / month)
Home Facts
Total Finished SqFt1 SqFtAbove Grade Finished SqFt1 SqFtLot Size9,583 SqFtStyleMulti-Family Res (5+ Units)CountyHENRYAPN15-03-377-018

Schools near 306 West 2nd Street

This home is within Annawan Community Unit School District 226.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Rating
School
Distance
Annawan Grade School
PublicPK to 8

Annawan 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.

Similar Homes

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306 West 2nd Street is a multi-family home for sale in Annawan, IL 61234. This property was listed for sale on August 16, 2024 by Epique Realty, it's currently listed at $405,000. It has been on the market for a total of 131 days and was last sold on May 31, 2018. This listing's school district is Annawan Community Unit School District 226. Nearby schools include Annawan Grade School and Annawan High School. 306 West 2nd Street is a 0-bed, 0-bath, 8,598 sqft multi-family home built in 1900.

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 Epique Realty

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