325 South Capitol Street

Pekin, IL 61554

$120,000
Price
Beds
2,719 Sq. Ft.
$44 / Sq. Ft.
2,719
Sq. Ft.
$44
per Sq. Ft.

Description

TRI-PLEX Residential income producing property at 2,000 per month and 24,000 per year opportunity near downtown Pekin. 2 long term tenants, 1 tenant recently moved in with 1 year lease, and owner is currently using a property manager. 1 tenant pays gas, 1 tenant pays electric, and owner pays city sewer and garbage fee. Showings need 24-48 hour showing notice. Virtual showing info is available to assist with tenant privacy, ask your agent. Approx 13% cap rate of return on investment.TRI-PLEX Residential income producing property at 2,000 per month and 24,000 per year opportunity near downtown Pekin. 2 long term tenants, 1 tenant recently moved in with 1 year lease, and owner is currently using a property manager. 1 tenant pays gas, 1 tenant pays electric, and owner pays city sewer and garbage fee. Showings need 24-48 hour showing notice. Virtual showing info is available to assist with tenant privacy, ask your agent. Approx 13% cap rate of return on investment.
  1. Listed by Josh Graham • RE/MAX Traders Unlimited • Pref: 309-258-0543

Property Details for 325 South Capitol Street

Parking Total
3.0
Subdivision Name
Water Works
LISTING UPDATED: 10/27/2024 03:01 PM

Property Details for 325 South Capitol Street

StatusActive
MLS #PA1253251
Days on Market48
Taxes$3,512 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Residential Income
Year Built1907
Lot Size0.19 AC / 8,391 SF
CountyTazewell County

Building Information for 325 South Capitol Street

Stories-Residences3Year Built1907Building Size-Lot Size0.19 AC / 8,391 SF

Property Information for 325 South Capitol Street

Summary
Location and General Information
  • City: Pekin
  • County Or Parish: Tazewell
  • Directions: Broadway to Capitol, south of downtown Pekin
  • Latitude: 40.566004
  • Longitude: -89.649939
  • MLSArea Minor: PAAR Area
  • Postal Code: 61554
  • State Or Province: IL
Taxes and HOA Information
  • Parcel Number: 04-10-03-229-007
  • Tax Annual Amount: $3,512
  • Tax Legal Description: SEC 3 T24N R5W WATER WORKS ASSESSMENT PLOT OF LOT 3 LOT G NE 1/4
  • Tax Year: 2023
School Information
  • High School: Pekin Community
Parking
  • Parking Features: Detached, Guest Parking
Property
Lot Information
  • Structure Type: Triplex
  • Building Area Total: 2719.0
  • Lot Features: Level
  • Lot Size Dimensions: 51.8 x 162
  • Number Of Units Total: 3
  • 100 Year Plain: No
  • Road Surface Type: Curbs & Gutters
Property and Assessments
  • Documents Available: Aerial Photos
  • Foundation Details: Brick
  • New Construction: No
  • Year Built: 1907
  • Year Built Source: Public Records
Utilities
  • Number Of Electric Meters: 3
  • Number Of Gas Meters: 2
  • Numberof Water Meters: 1
  • Water Sewer Expense: $3,240
  • Water Source: Public Sewer, Public
Interior and Exterior Features
Exterior Features
  • Roof: Shingle
  • Construction Materials: Vinyl Siding
Interior Features
  • Basement: Full
  • Heating: Electric, Forced Air, Gas
  • Laundry Features: Units Hook-Ups
  • Number Of Central Air Units: 0
  • Number Of Dishwashers: 0
  • Number Of Dryers: 0
  • Number Of Heating Units: 2
  • Number Of Ranges: 3
  • Numberof Refrigerators: 3
  • Number Of Washers: 0
  • Number Of Water Heaters: 2
  • Number Of Window Units: 0
  • Operating Recording Device: None
Multi Family
Income & Expenses
  • Electric Expense: $0
  • Gross Income: $24,000
  • Gross Scheduled Income: $24,000
  • Insurance Expense: $940
  • Maintenance Expense: $0
  • Manager Expense: $2,220
  • Net Operating Income: $13,068
  • Operating Expense: $7,420
  • Advertising Expense: 0
  • Gas Expense: 0
  • Misc Annual Income: 0
  • Trash Expense: $1,020
Unit 1
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 1
  • Number Uncovered: 1
  • 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: 0
  • Number Uncovered: 1
  • 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: 0
  • Number Uncovered: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 3
Rental
Rent Information
  • Lease Term: Month To Month
  • Tenant Pays: Gas & Electric

Property History for 325 South Capitol 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 325 South Capitol Street

Taxable ValueLand$2,810Additions$35,520Total$38,330
Tax Record2023$3,512 ($293 / month)
Home Facts
Beds4Baths3.5Total Finished SqFt1,971 SqFtAbove Grade Finished SqFt1,971 SqFtStories2Lot Size8,276 SqFtStyleSingle Family ResidenceYear Built1949CountyTAZEWELLAPN04-10-03-229-007

Schools near 325 South Capitol 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

Washington Intermediate School
Public4 to 6

Edison 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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325 South Capitol Street is a multi-family home for sale in Pekin, IL 61554. This property was listed for sale on September 14, 2024 by RE/MAX Traders Unlimited, it's currently listed at $120,000. It has been on the market for a total of 48 days and was last sold on February 6, 2023. This listing's school districts are Pekin Community School District 303, Pekin Public School District 108 School District. Nearby schools include Jefferson Elementary School, Washington Intermediate School and Edison Junior High School. 325 South Capitol Street is a 0-bed, 0-bath, 2,719 sqft multi-family home built in 1907.

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 RE/MAX Traders Unlimited

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