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520 Main Street, Pecatonica, IL 61063

520 Main Street, Pecatonica, IL 61063

0 beds 0 baths 0 Sqft

17 days on Market

$399,990

Credit Back up to $8,000*

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Description:

Active   -  Other for sale

Prime Mixed-Use Investment Opportunity in Pecatonica, IL - This 7-unit property at 520 Main St features two vacant storefronts and five apartments, with only one apartment empty for showing. (three 2-bed/1-bath units, one 1-bed/1-bath unit, and one 3-bed/1-bath unit). The current rent roll is under 3k per month currently with vacancies and low rents in place, with significant upside potential - fully leased and at market rents, the property can generate 6k/month. Both storefronts can be rented for 700-900 each, adding substantial income. The apartment units are leased under market and could all be raised as well. All leases are month to month so rents could be easily raised with a 30 day notice. In the past year, there has also been a brand new furnace and water heater put in. The building is entirely separately metered, keeping expenses low and operations efficient. Priced at 400k, with the upside, this is a fantastic value-add opportunity with strong cash flow potential in a historic community.

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MLS: #12317390

Location

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Facts and features:

Furnished: Unfurnished

Status: Active

Listed Date: 03/20/2025

Days On Market: 17

Structure:

Year Built: 1915

Tax:

Parcel Number: 0928154005

Agent:

Office Name: Realty One Group Excel

Office Phone: 630-239-7400

Listing Agent Full Name: Mohammad Fatani

List Agent MLS ID: TREC #71206

 

 

 

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Score:

-pecatonica-for-sale-520 main street, pecatonica, il 61063-MRED12317390

 

 

 

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