Building Details

Building Size 5,586 SF

Year Built 1967

Buildings 1

Tenancy Multi

Listing Agency: RE/MAX Traders Unlimited j***@remax.net Show Phone

Listed By: Justin Ball · License #475175281 Show Phone

Source: Realestatepeoria

Added: Jul 17 Changed: Aug 25 Last Checked: Aug 26 at 6:05AM

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Investment Insights

Based on property information with market context.

This 12-unit apartment building has been fully renovated or updated throughout, with ongoing improvements to building systems and plumbing. Unit mix is odd-numbered 1 bedroom/1 bathroom units and even-numbered 2 bedroom/1 bathroom units. There is currently one vacant unit (#2). Recent updates include boiler hot water lines and parts in 2024–2025, a new main water line from the street to the building in 2023, a new sewer clean out in 2023, and a new water heater in 2024.

The property is located at 522 N Main St in Hanna City, about 10 miles west of Peoria near the Peoria International Airport. The building is within the Village TIF District and Business Development District (BDD), which provide incentives for improvements.

With one unit currently available, the property is positioned for stable tenancy under its established unit layout, following the recent renovations and utility upgrades.

Key Highlights

• 12‑unit apartment building (Year built 1967) with a mix of 1BD/1BA and 2BD/1BA units
• Units have been completely renovated or updated; odd‑numbered units are 1 bedroom/1 bathroom and even‑numbered units are 2 bedroom/1 bathroom
• Recent utility updates include new main water line from the street to the building (2023) and new sewer clean out (2023)

Property Analytics

Property Profile

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Auto Parts Store Plumbing Service Pharmacy Storage Facility

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

12

Residential units

91.7%

Occupancy

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

113

Businesses Nearby

Explore this area Business Placement

Demographics for 61536, IL

2,974

Population

1,697

Households

1.8

Avg Household Size

45

Median Age

27%

College-Educated

95%

High-School Grad

40.9 sq mi

ZIP Area

73

Density / Sq Mi

$73,879

Median Household Income

$46,920

Median Earnings

$1,224

Median Rent

$176,400

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 - Renovated 12-unit multifamily property with a mix of 1- and 2-bedroom units and recent major utility updates.

Where is this apartment building located?

The property is located at 522 N Main Street Hanna City Hanna City, IL.

What is the asking price?

The asking price for this property is $720,000.

What are key features of this property?

This property features: 12‑unit apartment building (Year built 1967) with a mix of 1BD/1BA and 2BD/1BA units; Units have been completely renovated or updated; odd‑numbered units are 1 bedroom/1 bathroom and even‑numbered units are 2 bedroom/1 bathroom; Recent utility updates include new main water line from the street to the building (2023) and new sewer clean out (2023)