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Listed by Justin Ball • RE/MAX Traders Unlimited
$770,000
Est. payment /mo
5,586 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 5,586 sqft
Price per Sqft $137
MLS Listing ID PA1263750
Year Built 1967
Annual Tax Amount $9,162
Tax Year 2024
Lot Size 0.370 Acres
Acres 0.37
Property Sub-Type Commercial
Source rmlsa
Property Description
This 12 unit apartment building is located in Hanna City, about 10 miles west of Peoria near the Peoria International Airport, has had the units completely renovated or updated and is ready for a new owner to maximize the investment, rents and returns. Odd number units are 1 Bedroom/1 Bathroom, and even numbered units are 2 Bedroom/1 Bathroom. Recent updates other than renovating units include - boiler hot water lines and parts - 2024/2025, new main water line installed from street to building 2023, new sewer clean out 2023, new water heater - 2024. Currently there is one vacant unit (#2), and once rented total monthly rents will be at least $8545. Building is in the Village TIF District and Business Development District (BDD) that provide incentives for improvements (see Village of Hanna City website for details).
Location
State IL
County Peoria
Area Paar Area
Zoning R-2
Direction Turn N on Main from Rte 116/Farmington Road
Interior
Heating Hot Water, Other
Cooling Multi Units
Flooring Carpet, Tile
Fireplace N
Exterior
View true
Roof Type Metal,Sloped
Garage 1
Building
Faces Turn N on Main from Rte 116/Farmington Road
Sewer Public Sewer
Structure Type Brick,Aluminum Siding,Block,Frame
Others
Tax ID 16-11-101-003
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