Contact us: 563.441.1776
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: Commercial - Business
Building Description: 2.0 stories
Available Sqft: 5586
Year Built: 1967
General Information
County: Peoria
Listed By:
RE/MAX Traders Unlimited
Mobile: 309-323-0399
RMLSA
MLS ID: PA1263750
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522 N Main Street, Hanna City, IL 61536.
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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 | $4,412 | $4,680 |
| 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 | $6,048 | $5,977 |
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Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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