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Remodeled Quadplex with Pool
For Sale
Under Contract
$429,900

508 S VINE Street, Heyworth, IL 61745

Residential Income, Heyworth, IL

Property SizeContact for details
Lot Size0.74 Acres
Days on Market131

Property Features for 508 S VINE Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning Commercial
Bedrooms 7
Bathrooms 5
Full bathrooms 5
Rooms Bedroom 7, Bathroom 3, Bedroom 3, Bathroom 4, Bedroom 2, Bedroom 5, Bedroom 6, Bathroom 2, Bathroom 5, Bathroom 1, Bedroom 4, Bedroom 1
Parking 6
Parking features Oversize, Guest
Basement Partial, Crawl Space, Unfinished
Subdivision Hendrick
Lot features Level
High school Heyworth
Directions Rt 136 toward Heyworth, R on Vine St
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
Legal Description HEDRICK & REES ADD LT 13,14,15 & S19' LT 12

Utilities

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

Amenities

pool
gazebo
fireplace
washer/dryer hook-up

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 · License #475201149
Added: Apr 28 Changed: Sep 2 Last Checked: Sep 5 at 9:06AM
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 0.74-acre quadplex contains four apartments created through the remodeling of a former motel. Units A and B each offer one bedroom and one bathroom in an efficiency layout, while Unit C includes two bedrooms, one bathroom, and a washer and dryer hookup. Each apartment is being sold with appliances.

The fourth unit is configured as a private quad-level residence with three bedrooms and two full bathrooms. Its features include a main-level primary suite, an open kitchen with cathedral ceilings, two upper-level bedrooms, and a lower-level family room with a wood-burning fireplace. The basement adds 480 square feet of storage. A fenced backyard includes an inground pool, gazebo, and 4-car oversized garage. Improvements within the last 5 years include kitchen and bathroom renovations, interior paint, flooring, water heater, AC, and a metal roof installed in 2025. The landlord pays all utilities.

Key Highlights

  • Four‑unit quadplex on 0.74 acres
  • Units A and B: 1 bed/1 bath efficiencies; Unit C: 2 bed/1 bath with washer and dryer hookup
  • Private quad‑level residence with 3 bedrooms and 2 full baths

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick HVAC Service Building Supply Big Box & Wholesale Store (Bike/Boat/Book/etc) Store Hair Salon Garden Center

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

Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

148
Businesses Nearby

Demographics for 61745, IL

4,331
Population
1,645
Households
2.6
Avg Household Size
40
Median Age
36%
College-Educated
98%
High-School Grad
74.4 sq mi
ZIP Area
58
Density / Sq Mi
$102,696
Median Household Income
$60,353
Median Earnings
$1,013
Median Rent
$209,300
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Quadplex - Four-unit property includes appliances, a fenced yard, oversized garage, gazebo, 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: Four‑unit quadplex on 0.74 acres; Units A and B: 1 bed/1 bath efficiencies; Unit C: 2 bed/1 bath with washer and dryer hookup; Private quad‑level residence with 3 bedrooms and 2 full baths
More about this property
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