429 SOUTH Street Pekin, IL 61554 CLS #PA1269272
$485,000 5440 Total Sq. Ft. 5440 Available Sq. Ft.
Available for Purchase.
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.
Listing Features
Type: Building Zoning: RM-2 County: Tazewell Water/Sewer: Public Sewer Total Sq. Ft.: 5440 Year Built: 1972 Directions: Corner of South and Bacon

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
Last Updated on 9/4/2026 11:17:56 PM