$239,900

201 CYPRESS Street, Pekin, IL 61554

  • 4,091 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1972
  • Property Lot Size Icon —— sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $59/sqft
  • Property List Date Icon Listed 3 days ago

Property Description

Fantastic investment opportunity! This well-maintained quad-plex offers four spacious 2-bedroom, 1-bath units on a quiet corner lot in Pekin. Each unit features a functional layout, large bedrooms, adding both convenience and tenant appeal. Unit 4 is a reliable long-term tenant who handles lawn maintenance for a small rent discount and received a new water heater in (Oct 2024). Unit 2 has a brand-new A/C (2025), Unit 3 is vacant and move-in ready with a new water heater (2025) and furnace installed in (Oct 2022), and the roof is only a few years old. Gutter Masters installed new 6” gutters and downspouts in (Sept 2022), ensuring proper drainage and exterior protection. The property has been professionally managed, with water/sewer billed back to tenants. With a gross annual rent of $35,100, low operating expenses; this is a low-risk, high-yield investment offering steady cash flow, newer mechanicals, and strong long-term potential. Turnkey and ready for its next investor! Minimum 24hr notice for all showings.

Listing Status:
Active
Listing Office:
Keller Williams Revolution : 309-834-3400
Listing Agent:
Tricia Yordy : 309-360-8798
MLS ID:
PA1262190
  • Laundry: Units Hook-Ups
  • Basement: Full
  • A/C: Central Air
  • Heating: Forced AirGas Water Heater
  • Parking: GuestParking spaces: 6
  • Roofing: Shingle
  • General: Block
  • Originating MLS: rmlsa
  • County: Tazewell
  • Zoning: SEC 31 T25N R4W BROADMOOR HEIGHTS SEC 5 LOT 13 SW 1/405-05-31-304-017
  • Water: Public SewerPublic
  • Source: rmlsa

This listing courtesy of Tricia Yordy, Keller Williams Revolution

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

D

Dirksen Elementary School

501 Maywood Ave, Pekin, IL, 61554

Grades KG-3

0.44 miles away

B

Broadmoor Junior High School

501 Maywood Ave, Pekin, IL, 61554

Grades 7-8

0.44 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.