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    331 S 4TH ST, Pekin, IL 61554
    331 S 4TH ST, Pekin, IL 61554
    331 S 4TH ST, Pekin, IL 61554
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    Jackie Weisenburger

    Jackie Weisenburger

    +1(217) 430-9353
    Listed by Raul Rodriguez • eXp Realty
    $230,000
    Est. payment /mo
    3,636 SqFt
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    UPDATED:

    Key Details

    Property Type Commercial

    Sub Type Commercial

    Listing Status Active Under Contract

    Purchase Type For Sale

    Square Footage 3,636 sqft

    Price per Sqft $63

    MLS Listing ID PA1264901

    Annual Tax Amount $6,646

    Tax Year 2024

    Property Sub-Type Commercial

    Source rmlsa

    Property Description

    Centrally located 7-unit building offering a strong value-add opportunity. The property is currently vacant and in need of cosmetic updates throughout, primarily including flooring, paint, and appliances. The building features one large commercial office space with two side-by-side entrances, providing the potential to divide the space into two separate office suites. Residentially, the property includes four spacious upper-level units, one main level unit, and one basement/garden-level unit. The residential units offer generous layouts with tall ceilings and plenty of natural light, enhancing overall livability and appeal. Unit 1 (Office 3 Rooms + One 1/2 Bath) Unit 2 (D -One Bedrooms + One Bath) Unit 3 (C - Two Bedrooms + One Bath) Unit 4 (A - Two Bedrooms + One Bath) Unit 5 (F - Basement Unit + One Bedroom/One Bath) Unit 6 (B - One Bedroom + One Bath) Unit 7 (E - One Bedroom + One Bath) City-required repairs include the replacement or repair of the exterior rear steps leading to the back unit. Additionally, one second-floor rear unit has flooring that requires repair due to a slight slope; the bathroom renovation could be completed concurrently with these repairs. Once improvements are completed and rents are stabilized, the property presents significant upside potential. Please contact the listing agent with any questions or offers. Showings must be requested through ShowingTime. Please have proof of funds ready when you make an offer!

    Location

    State IL

    County Tazewell

    Area Paar Area

    Zoning Office

    Direction From Broadway St in downtown Pekin, head south on S 4th St for about 2 blocks. The property at 331 S 4TH St will be on your right, just south of Court St.

    Interior

    Heating Forced Air

    Cooling Central Air

    Flooring Other

    Fireplace N

    Exterior

    View true

    Roof Type Composition Shingle

    Garage 1

    Building

    Faces From Broadway St in downtown Pekin, head south on S 4th St for about 2 blocks. The property at 331 S 4TH St will be on your right, just south of Court St.

    Sewer Public Sewer

    Structure Type Brick,Vinyl Siding,Frame

    Others

    Tax ID 04-10-03-230-029

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    Jackie Weisenburger

    Jackie Weisenburger

    +1(217) 430-9353

    Broker | License ID: 475.141177

    Broker License ID: 475.141177

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