This triplex at 113 St. Mary in Pekin presents an excellent opportunity for investors seeking a property with significant upside potential. While two units currently require renovation, the property offers the chance to generate substantial cash flow once fully restored.
Great 8 unit apartment complex located in a very convenient location. Easy access to schools, stores, parks, hospital and restaurants.
Five income producing rentals that include: two large commercial units on main floor ($600 & $375 per month), two spacious 2-bedroom apartments upstairs ($650 & $600 per month) and a 1-bedroom apartment in back ($400 per month) off of Insul. $31,500 income per year. Currently, the north side commercial unit and the 1 bedroom apartment in back are vacant. Owner working on both units and is in the process of installing a new septic system. Located across from Pekin's Riverway Business Park on Route 29
1.5 story house with 2 bedrooms, 1 bathroom unit on main floor with washer & dryer hook-up, 1 bedroom, 1 bathroom unit upstairs and there's also a 789 square foot addition that's currently being used as a 2 bedroom, 1 bath rental unit, but could be used as commerial space. GFA & CA on mian floor of house and in the attached addition. EBB & window in the upstairs apartment. Good income producing property.
The median home value in Pekin, IL is $142,950. This is lower than the county median home value of $147,900. The national median home value is $338,100. The average price of homes sold in Pekin, IL is $142,950. Approximately 60.92% of Pekin homes are owned, compared to 29.86% rented, while 9.22% are vacant. Pekin real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Pekin real estate agent to arrange a tour today!
Pekin, Illinois has a population of 32,398. Pekin is less family-centric than the surrounding county with 25.96% of the households containing married families with children. The county average for households married with children is 30.14%.
The median household income in Pekin, Illinois is $50,838. The median household income for the surrounding county is $68,860 compared to the national median of $69,021. The median age of people living in Pekin is 41.5 years.
The average high temperature in July is 85.7 degrees, with an average low temperature in January of 16 degrees. The average rainfall is approximately 37.7 inches per year, with 24.4 inches of snow per year.