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Remodeled 4-Unit Multifamily Property

508 S VINE Street Heyworth, IL 61745

508 S VINE Street, Heyworth, IL, 61745
$429,900
For Sale
Under Contract
$429,900

MULTI_FAMILY - Heyworth, IL

Lot Size0.74 Acres
Days on Market85

Property Features for 508 S VINE Street

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
Commercial
Bedrooms
7
Bathrooms
5
Rooms
Bedroom 1, Bedroom 4, Bathroom 5, Bedroom 7, Bathroom 3, Bedroom 3, Bedroom 2, Bathroom 4, Bathroom 1, Bathroom 2, Bedroom 5, Bedroom 6
Parking
6
Parking features
Oversize, Guest
Basement
Unfinished, Partial, Crawl Space
Standard status
Active Under Contract
APN
35-04-230-036
Lot size
0.74 Acres

Taxes and HOA fees

Tax Year
2024
Tax Description
HEDRICK & REES ADD LT 13,14,15 & S19' LT 12
Tax Annual Amount
6647

Utilities

Heating system
Natural Gas, Baseboard, Forced Air, Electric (Heating)
Cooling system
Central Air
Water source
Public

Building Details

Year built
1952
Number of units
4
Building materials
Vinyl Siding
Roof type
Metal
Listing agency Gallery Homes Real Estate
Listed by Amanda Yemm
Added: Apr 28 Updated: Jul 13 at 10:34PM Checked: Jul 21 at 7:06PM
MLS# PA1265996

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.

This remodeled multi-family property has been converted into four apartments. Units A and B are 1-bedroom, 1-bath efficiency layouts, while Unit C offers 2 bedrooms and 1 bath with a washer and dryer hook-up. Unit D is tucked privately in the back and is the most unique, with 3 bedrooms and 2 full baths arranged on a quad-level living configuration, including a main-level master suite and an open concept kitchen with cathedral ceilings, plus a large family room and wood-burning fireplace on the lower level. The basement includes additional storage (480 sq. ft.), and all units are sold fully applianced.

Located at 508 S VINE Street in Heyworth, IL 61745, the property is zoned Commercial. Recent improvements within the last five years include kitchen and bathroom remodels, interior paint, new flooring, a water heater, AC, and a metal roof (2025). The landlord pays all utilities.

Outside, there is a privately fenced back yard featuring a 4-car extra-large garage, an inground pool, and a gazebo.

Key Highlights

  • Converted Heyworth Motel into a 4‑apartment multi‑family property
  • Unit mix: Units A & B are 1 bed/1 bath efficiencies; Unit C is 2 bed/1 bath with washer & dryer hook‑up
  • Unit appliances included: all units sold fully applianced; landlord pays all utilities

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

HVAC Service Building Supply Big Box & Wholesale Store (Bike/Boat/Book/etc) Store Hair Salon Garden Center Carpet & Flooring Store Electrical Service Spa & Massage Center Gym & Fitness Center

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

FAQs

What type of property is this?
Quadplex - Fully remodeled into four apartments with updated finishes, fully equipped units, and landlord-paid utilities.
Where is this quadplex located?
The property is located at 508 S VINE Street Heyworth, IL.
What is the asking price?
The asking price for this property is $429,900.
What are key features of this property?
This property features: Converted Heyworth Motel into a 4‑apartment multi‑family property; Unit mix: Units A & B are 1 bed/1 bath efficiencies; Unit C is 2 bed/1 bath with washer & dryer hook‑up; Unit appliances included: all units sold fully applianced; landlord pays all utilities
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