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    223 N Broadway St Centralia, IL 62801

    For Sale
    $365,400

    Residential Income - Centralia, IL

    Property size:
    6,530 SF
    Lot size:
    0.43 Acres
    Days on Market:
    65
    Last Refresh:
    Dec 5 at 5:06 am

    Property Features for 223 N Broadway St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Security features
    Security System
    Zoning
    Commercial
    APN
    1420000152
    Parking
    12
    Parking features
    Garage, Guest
    Interior features
    High Speed Internet
    Exterior features
    Level
    Size
    6,530 SF
    Lot size
    0.43 Acres

    Utilities

    Heating system
    Electric (Heating), Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1967
    Number of units
    6
    Building materials
    Brick, Cedar, Stone, Wood Siding
    Roof type
    Metal
    Architectural style
    Other

    Coldwell Banker Allen & Geary Real Estate (618) 532-7300 [email protected]

    Listing agent Alan Owen (618) 532-7300 License #475182718

    Listing date Oct 2, 2025

    MLS# EB454961 Listing URL

    Copyright © 2025 RMLS Alliance. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Partially Renovated Apartment Complex

    This partially renovated apartment complex presents an investment opportunity. Recent exterior renovations have been completed, and one of the six units is finished, leased, and occupied. Unit 1 is designed to include a kitchen, family room, utility room, and one bedroom on the main level, with two bedrooms and a shared full bath on the upper level. Unit 2, which is completed and occupied, features the same design as Unit 1. Unit 3's upper level also has the intended design to have the same main level floorplan and only one bedroom with a full bath on the upper level. Units 4 and 5 are main-level-only units designed with a kitchen, living room, utility room, two bedrooms, and two full baths. Unit 6 is designed with three bedrooms, two full baths, a kitchen, a living room, and a utility room. The property, located in Centralia, IL, includes a 50'x42' garage and shop building, as well as a 21'x21' covered shelter suitable for outside gatherings. An abundance of rough and finish building materials, fixtures, and appliances intended for the build-out of the other five units are also included. The property size is 6530 square feet on a 0.43-acre lot.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    Centralia
    County
    Marion
    State
    Illinois
    Longitude
    -89.1291181
    Latitude
    38.549875437

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    FAQs

    What type of property is this?
    Apartment building - Investment opportunity: partially renovated apartment complex with building materials included.
    Where is this apartment building located?
    The property is located at 223 N Broadway St Centralia, IL.
    What is the asking price?
    The asking price for this property is $365,400.
    What are key features of this property?
    This property features: - Investment opportunity with partially renovated apartment complex.; - One of six units is completed, leased, and occupied, providing immediate income.; - Abundance of rough and finish building materials, fixtures, and appliances included for completing renovations.
    (618) 532-7300
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    223 N Broadway St Centralia, IL 62801
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    Centralia, IL 62801
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    223 N Broadway St Centralia, IL 62801
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