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Chris Rothan

chris.rothan@exprealty.com +1(309) 868-2841

Listed by Raul Rodriguez • eXp Realty

$250,000

Est. payment - /mo

2,261 SqFt

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UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 2,261 sqft

Price per Sqft $110

MLS Listing ID PA1265003

Annual Tax Amount $2,609

Tax Year 2024

Property Sub-Type Commercial

Source rmlsa

Property Description

Cash-flowing 4-unit property with commercial zoning — a strong investment opportunity located at the entrance of Brimfield, IL. Situated in Peoria County within the Brimfield School District, this property offers stable income with clear upside potential. The fourplex sits on 0.52 acres (per Peoria County records) and benefits from low property taxes relative to its income production. The unit mix includes two 2-bedroom units and two 1-bedroom units, appealing to a wide tenant base. Current revenue is consistent, with additional income potential through rent increases and operational improvements. On-site laundry generates approximately $350/month, creating an added revenue stream. The property features a private parking lot and private driveway, providing plenty of parking for all tenants. Value-add opportunities include paving the parking lot and driveway to further enhance tenant appeal and long-term value. Located in a small-town setting with a short drive to nearby city amenities, tenants enjoy peaceful surroundings alongside local conveniences. Highlights: -Income-producing 4-unit property (fourplex) -Commercial zoning for flexible future use -Two 2-bedroom units & two 1-bedroom units -Stable income with potential to increase rents -Laundry income (~$350/month) -0.52-acre lot (per county records) -Private parking lot & private driveway -Plenty of tenant parking -Value-add opportunity with paving improvements -Low taxes for the asset class -Low-turnover rental area

Location

State IL

County Peoria

Area Paar Area

Zoning Commercial

Direction From Route 150/W Knoxville St in Brimfield, head east through town. Continue past S Galena Ave and the property at 421 E Knoxville St will be on your left.

Interior

Heating Individual Unit, Other

Cooling Multi Units, Wall/Window Unit(s)

Flooring Other

Fireplace N

Exterior

View true

Roof Type Composition Shingle

Garage 1

Building

Faces From Route 150/W Knoxville St in Brimfield, head east through town. Continue past S Galena Ave and the property at 421 E Knoxville St will be on your left.

Sewer Public Sewer

Structure Type Vinyl Siding,Frame

Others

Tax ID 06-24-251-002

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NEARBY SCHOOL & BUSINESS

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Chris Rothan

+1(309) 868-2841

Broker | License ID: 475175860

Broker License ID: 475175860

421 E KNOXVILLE ST Brimfield, IL 61517

Chris Rothan

Key Details

Location

Interior

Exterior

Building

Others

NEARBY SCHOOL & BUSINESS

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421 E KNOXVILLE ST