For sale
  • Price cut: $12K (11/17)
    $227,900

    201 Cypress St, Pekin, IL 61554

    8beds
    4baths
    4,091sqft
    : 
    Multi Family, Quadruplex
    Built in 1972
    -- sqft lot
    $234,700 Zestimate®
    $56/sqft
    $-- HOA

    What's special

    Large bedroomsVacant and move-in readyCorner lotFunctional layoutNew water heater
    Fantastic investment opportunity! This well-maintained quad-plex offers four spacious 2-bedroom, 1-bath units on a quiet corner lot in Pekin. Each unit features a functional layout, large bedrooms, adding both convenience and tenant appeal. Unit 4 is a reliable long-term tenant who handles lawn maintenance for a small rent discount and received a new water heater in (Oct 2024). Unit 2 has a brand-new A/C (2025), Unit 3 is vacant and move-in ready with a new water heater (2025) and furnace installed in (Oct 2022), and the roof is only a few years old. Gutter Masters installed new 6” gutters and downspouts in (Sept 2022), ensuring proper drainage and exterior protection. The property has been professionally managed, with water/sewer billed back to tenants. With a gross annual rent of $35,100, low operating expenses; this is a low-risk, high-yield investment offering steady cash flow, newer mechanicals, and strong long-term potential. Turnkey and ready for its next investor! Minimum 24hr notice for all showings.
    11 days
    |
    505
    |
    27
    |

    Likely to sell faster than

    • Loading
    • Loading