609 S 3rd Street, Pekin, IL 61554

Property Description

Six income-producing apartments create a compelling opportunity for investors seeking scale in one convenient package. This two-story property features six one-bedroom, one-bathroom units, with three residences on the main level and three upstairs. Every apartment includes a walk-in closet, giving tenants the kind of storage that can make compact living feel surprisingly spacious. The numbers deserve attention: the building generates $48,600 in gross annual rent, while tenants pay all utilities. Electric baseboard heat and window air-conditioning units allow residents to manage their own comfort and usage. Unit 2 is currently vacant, offering a ready opening for an owner to re-lease according to their own investment strategy. The vacant apartment was recently refreshed with new bedroom flooring, fresh paint throughout, repainted kitchen cabinetry, updated lighting, and a new water heater and stove. Building-wide improvements include six new electrical panels installed in 2026, two new water heaters (unit 2 and 6) in 2026, and a freshly repainted exterior. The property is offered as-is, and buyers should verify leases, expenses, and operating details. Explore the potential, review the numbers, and arrange your private tour before this six-unit opportunity is claimed.