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.
For sale
Price cut: $12K (11/17)
$227,900
201 Cypress St, Pekin, IL 61554
8beds
4baths
4,091sqft
Est.:
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
- 11 days |
- 505 |
- 27 |
Likely to sell faster than
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