REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 495,000
Est. payment | /mo
1 Acres Lot
$ 495,000
Est. payment | /mo
1 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Pending
Purchase Type For Sale
Subdivision Matteson Add
MLS Listing ID 6255667
Year Built 1982
Annual Tax Amount $4,992
Tax Year 2024
Lot Size 1.000 Acres
Acres 1.0
Property Sub-Type Multi Family
Property Description
This income-producing property features 3 two-story buildings with four units each, offering a total of twelve apartments. Each building includes central open stairs leading to the second floor and coin-operated laundry facilities on the main level. The units are heated by baseboard electric radiant systems, and air conditioning is provided through wall units, making the property highly economical to operate. The site offers a concrete parking lot, handicap-accessible ramps, and a visually appealing setting surrounded by mature trees. Each building features low-maintenance veneer brick and metal siding, and brand-new metal roofs were installed between 2022-2023. The property boasts one of the lowest operating cost ratios and real estate tax rates in the area. Five units have been recently updated with new flooring, refinished gray kitchen cabinets, and modern bathroom vanities. Located along US RT 40, the property benefits from strong visibility between Terre Haute and St. Louis.
Location
State IL
County Cumberland
Community Matteson Add
Zoning MFG
Interior
Heating Electric, Radiant
Cooling Wall Unit(s)
Appliance Electric Water Heater
Exterior
Roof Type Asphalt
Garage No
Building
Story 2
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
School District Cumberland Dist. 77
Others
Tax ID 13-11-110-004
Special Listing Condition None
Listed by KELLER WILLIAMS-TREC