7-Unit Apartment Building with
For Sale
$230,000
331 S 4TH Street, Pekin, IL 61554
Commercial Sale, Pekin, IL
Property SizeContact for details
Days on Market163
Property Features for 331 S 4TH Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Office
Directions
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.
Standard status
Active
APN
04-10-03-230-029
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
6646
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Building Details
Floors in Building
2
Number of units
7
Building materials
Brick, Vinyl Siding, Frame
Roof type
Composition
Listing Agency:
eXp Realty
(888) 574-9405
Listed By:
Raul Rodriguez
(786) 383-9136
Added: Mar 17
Changed: Aug 25
Last Checked: Aug 26 at 3:06PM
MLS# PA1264901
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
Located at 331 S 4TH Street in Pekin, Illinois, this office-zoned property contains seven total units. The configuration includes one commercial office area and six residential apartments: four on the upper level, one on the main level, and one in the basement or garden level. The office component has two adjacent entrances and could be separated into two suites, subject to applicable requirements.
The residential units include one- and two-bedroom layouts, with one basement unit, and the building offers tall ceilings and substantial natural light. Improvements include brick, vinyl siding, and frame construction, along with forced-air heat, central air, public sewer, and a composition roof. Cosmetic work is needed, including flooring, paint, and appliances. Required repairs include work on the rear exterior steps and flooring in one second-floor rear unit; bathroom work in that unit may be coordinated with the flooring repair.
The residential units include one- and two-bedroom layouts, with one basement unit, and the building offers tall ceilings and substantial natural light. Improvements include brick, vinyl siding, and frame construction, along with forced-air heat, central air, public sewer, and a composition roof. Cosmetic work is needed, including flooring, paint, and appliances. Required repairs include work on the rear exterior steps and flooring in one second-floor rear unit; bathroom work in that unit may be coordinated with the flooring repair.
Key Highlights
- 7‑unit configuration with 1 commercial office area and 6 residential apartments
- Office area has 2 side‑by‑side entrances and may be divided into 2 suites
- Residential mix includes four upper‑level units, one main‑level unit, and one basement/garden‑level unit
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
6
Residential units
Location Intelligence
Trade Area within ½ mile
707
Businesses Nearby
Explore this area
Business Placement
Demographics for 61554, IL
40,854
Population
18,788
Households
2.2
Avg Household Size
42
Median Age
20%
College-Educated
90%
High-School Grad
73.8 sq mi
ZIP Area
554
Density / Sq Mi
$62,484
Median Household Income
$41,718
Median Earnings
$814
Median Rent
$123,500
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Vacant property combines six residential units with a commercial office area featuring two entrances.
Where is this apartment building located?
The property is located at 331 S 4TH Street Pekin, IL.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: 7‑unit configuration with 1 commercial office area and 6 residential apartments; Office area has 2 side‑by‑side entrances and may be divided into 2 suites; Residential mix includes four upper‑level units, one main‑level unit, and one basement/garden‑level unit
