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    349 Derby St Pekin, IL 61554

    New
    Picture of Residential income properties at Derby St 349, Pekin, IL
    Pending
    For Sale
    $77,900

    Residential Income - Pekin, IL

    Property size:
    2,032 SF
    Days on Market:
    4
    Last Refresh:
    Dec 13 at 7:06 am

    Property Features for 349 Derby St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Pending
    APN
    04-10-03-412-026
    Parking
    2
    Parking features
    On Street
    Exterior features
    Corner Lot
    Size
    2,032 SF

    Utilities

    Heating system
    Baseboard, Forced Air, Natural Gas
    Cooling system
    Central Air, Zoned

    Building Details

    Year built
    1897
    Number of units
    3
    Building materials
    Vinyl Siding
    Roof type
    Shingle
    Architectural style
    Other

    Karl E. Kaebel Realtor® (309) 347-6677 [email protected]

    Listing agent Kibbie Christenberry (309) 347-6677 License #475131460

    Listing date Dec 10, 2025

    MLS# PA1261208 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

    Pekin Triplex Investment Opportunity

    This residential income property in Pekin, Illinois, presents an investment opportunity with three units. The main floor of the 1.5-story home features 2 bedrooms, a living room, a kitchen, and a bathroom, with laundry hook-ups. This unit is currently rented for $700 per month. The upper level of the 1.5-story home includes 1 bedroom and 1 bathroom and is rented for $450 per month. The block building offers a 1-bedroom, 1-bathroom unit on a slab, also rented for $450 per month. The estimated square footage of the property is 2032 square feet. Measurements are based on Tazewell County records sketch conversion. The property is located at 349 DERBY Street, Pekin, IL 61554.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pekin
    County
    Tazewell
    State
    Illinois
    Longitude
    -89.648182
    Latitude
    40.556722

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    FAQs

    What type of property is this?
    Residential income property - Three-unit residential income property in Pekin, Illinois.
    Where is this residential income property located?
    The property is located at 349 Derby St Pekin, IL.
    What is the asking price?
    The asking price for this property is $77,900.
    What are key features of this property?
    This property features: - Great investment opportunity with 3 rental units.; - Main floor unit (2 bed, 1 bath) rents for $700/month and includes laundry hookups.; - Two additional units provide income: upper level (1 bed, 1 bath) for $450/month and block building (1 bed, 1 bath) for $450/month.
    (309) 347-6677
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    349 Derby St Pekin, IL 61554
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    Pekin, IL 61554
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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

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    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
    349 Derby St Pekin, IL 61554
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