Brick Multifamily
631-633 S 11th Street, Pekin, IL 61554
For Sale
$349,900
Each residence includes private laundry, a family room, and a kitchen.
Property Size4,992 SF
Price / SF$70.09
Days on Market26
Property Features for 631-633 S 11th Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Taxes and HOA fees
Annual Taxes
Amenities
in-unit laundry
Building Details
Building Size
Year Built
Units
Construction
Listing Agency:
Gallery Homes Real Estate
(309) 689-1406
Listed By:
Mary Davis · License IL #475159029
(309) 453-4334
Source:
Freedomrealtyil
Added: Oct 15
Changed: Nov 8
Last Checked: Nov 8 at 3:24PM
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 Gallery Homes Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 4,992-square-foot multifamily property was built in 1961 and features brick construction. Each unit has two bedrooms, one bathroom, a family room, a kitchen, and its own laundry facilities. A replacement roof was completed in 2024.
The property is on S 11th Street in Pekin, a few blocks from the hospital.
The property is on S 11th Street in Pekin, a few blocks from the hospital.
Key Highlights
- 4,992 square feet of multifamily space
- Two bedrooms and one bathroom in each unit
- Private laundry facilities in every unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,265
Cap Rate
8.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$585,300
$585.3K
Cap Rate 7%
$418,071
$418.1K
Cap Rate 9%
$325,167
$325.2K
Market Conditions
NOI Build-Up for 4,992 SF
Gross rent
$56.9K $11.40/SF
− Vacancy
−$3.7K −$0.74/SF
EGI
$53.2K $10.66/SF
− OpEx
−$23.9K −$4.80/SF
NOI
$29.3K $5.86/SF
Area
Tazewell County, IL
Vacancy
6.50%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$585,300
Cap Rate 7%
$418,071
Cap Rate 9%
$325,167
Alternative Uses
Best Use
Apartment 5plus
$418.1K
$365.8K – $487.8K
NOI $29,265 @ 7.0% cap · market cap 8.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.95M
$1.71M – $2.28M
NOI $136,742 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
782
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
Properties on Market for Multifamily properties in Tazewell County
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Multifamily property - Each residence includes private laundry, a family room, and a kitchen.
Where is this multifamily property located?
The property is located at 631-633 S 11th Street Pekin, IL.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: 4,992 square feet of multifamily space; Two bedrooms and one bathroom in each unit; Private laundry facilities in every unit
