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3,080 sqft

$275,000

609 S 3RD Street, Pekin IL, 61554

Price per sqft$89.29
Built in1975
Property size3,080 sqft
Property typeResidential
Courtesy of RE/MAX Traders Unlimited, Listing Contact:

Overview

Active

Listed Aug 29, 2026

Updated Sep 3

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.

$1,830/mo

Est. mortgage payment based on a $275,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Other Property Details

Taxes
$5,456
Tax Frequency
Annually
Maintenance Expense
$6,354
55+/Senior Community
No
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Listings courtesy of RMLS Alliance as distributed by MLS GRID

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Based on information submitted to the MLS GRID as of 8:08 PM UTC on 9/3/2026. 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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