105-107 N Wilson ST Palestine, IL 62451
0.52 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 6261584
Year Built 1979
Annual Tax Amount $3,504
Tax Year 2025
Lot Size 0.520 Acres
Acres 0.52
Property Sub-Type Multi Family
Property Description
Explore the potential of this multi-unit investment property featuring two separate buildings with four units each, offering a total of eight rental units. Each building includes two 2-bedroom, 1-bathroom units and two 1-bedroom, 1-bathroom units, providing a versatile mix of rental options. Both buildings were repainted a few years ago, and three units feature newer laminate flooring throughout the main living areas. The buildings also offer designated laundry spaces on the main floor, which are currently non-operational and require finishing work. Remodeling has been partially completed throughout the property, leaving room for additional improvements and the opportunity to add value over time. With seven of the eight units currently rented, this property offers an opportunity for investors to acquire an established rental property with existing occupancy and potential to further improve the units and common areas. Whether you're expanding your portfolio or looking for your next investment project, this eight-unit property is ready for its next owner to build on its existing foundation and future potential.
Location
State IL
County Crawford
Zoning COM
Direction From IL-33, turn South onto N Wilson St. Building will be on the right. Look for signs.
Rooms
Basement Crawl Space
Interior
Heating Electric
Cooling Window Unit(s)
Appliance Electric Water Heater, Oven, Refrigerator
Exterior
Roof Type Rubber
Garage No
Building
Story 2
Foundation Crawlspace
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Brick,Other,Wood Siding
Schools
School District Palestine Dist. 3
Others
Tax ID 06-4-34-042-048-000
Special Listing Condition None