Description
This 12 unit apartment building is located in Hanna City, about 10 miles west of Peoria near the Peoria International Airport, has had the units completely renovated or updated and is ready for a new owner to maximize the investment, rents and returns. Odd number units are 1 Bedroom/1 Bathroom, and even numbered units are 2 Bedroom/1 Bathroom. Recent updates other than renovating units include - boiler hot water lines and parts - 2024/2025, new main water line installed from street to building 2023, new sewer clean out 2023, new water heater - 2024. Currently there is one vacant unit (#2), and once rented total monthly rents will be at least $8545. Building is in the Village TIF District and Business Development District (BDD) that provide incentives for improvements (see Village of Hanna City website for details).
Property Highlights
Property Type: Multi Unit - Multiple
General Information
County: Peoria
High School: Farmington
Subdivision: McCullough
Listed By:
RE/MAX Traders Unlimited
Mobile: 309-323-0399
RMLSA
MLS ID: PA1265355
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522 N Main Street, Hanna City, IL 61536.
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563-441-1862
toll free 866-441-1862
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $770,000 | $770,000 | $770,000 |
| Down Payment | $154,000 | $26,950 | $192,500 |
| Monthly Mortgage Amount | $3,644 | $4,533 | $4,719 |
| Taxes | $1072 | $1072 | $1072 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $339 | $0 |
| Monthly Estimated Total | $4,941 | $6,169 | $6,016 |