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Ten-Unit Apartment Complex For Sale
For Sale
$479,900
Pending

429 SOUTH Street, Pekin, IL 61554

Ten-unit apartment complex with on-site laundry facility.

Days on Market477

Property Features for 429 SOUTH Street

General Information

Standard status Pending
Property subtype Multi Family

Building Details

Year Built 1972
Listing Agency: The Real Estate Group Inc.
Listed By: Traci Buttrum · License #475156520
Source: Exitrealty
Added: Apr 10, 2025 Changed: Jul 10 Last Checked: Jul 30 at 4:38AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Real Estate Group Inc.

Investment Insights

Based on property information with market context.

This is a ten-unit apartment complex, presenting an opportunity for investors. The property includes a full basement with a coin-operated laundry facility. Each unit features one bedroom and one bathroom, along with an applianced kitchen. Each unit also has sliders leading to either a patio or a deck. The complex has been maintained and updated.

Key Highlights

  • 10‑unit complex, a great investment opportunity.
  • Income‑generating investment opportunity
  • On‑site coin‑operated laundry facility for tenant convenience.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Dental Office Real Estate Agency Electrical Service Parking Lot & Garage Auto Parts Store Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

362
Businesses Nearby

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 Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Ten-unit apartment complex with on-site laundry facility.
Where is this apartment building located?
The property is located at 429 SOUTH Street Pekin, IL.
What is the asking price?
The asking price for this property is $479,900.
What are key features of this property?
This property features: 10‑unit complex, a great investment opportunity.; Income‑generating investment opportunity; On‑site coin‑operated laundry facility for tenant convenience.
More about this property
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