Your home for Real Estate in the Illinois Valley area
Janelle McCarter
815-315-1249815-315-1249

512 S Main Street, Princeton, IL 61356 (MLS # 10723823)

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PRICE $157,000
BEDS n/a
BATHS 0 baths
HOME SIZE n/a
LOT SIZE n/a

Investment alert! Five unit full brick building on Princeton's historic South Main St shopping district. Built in 1863 with an addition added in 1910, this incredible building now features 4 fully rented apartments as well as a rented fantastic office/ retail store front on the main level. Main floor totals approximately 2300 square feet and apartments vary slightly but are approximately 500 square feet each. Annual income totaling over $35,000 per year! In May 2015 a complete remodel of the retail space was done including gutting, floors exposed and refinished, paint, tin ceiling cleaned and painted, exterior updated, lighting and fans, some new electrical added and storefront windows were replaced. Since that time new gutters were installed, apartments 2 & 4 were renovated, apartments 3 & 4 received new windows, and apartment 1 received new flooring, and all new HVAC. Please ask your agent for a full breakdown of upgrades made because there is so much more!

DAYS ON MARKET 48 LAST UPDATED 6/10/2020
YEAR BUILT 1863 COMMUNITY Hollowayville / Princeton
COUNTY Bureau STATUS Conditional
PROPERTY TYPE(S) Mixed Use


ADDITIONAL DETAILS
AIR CONDITIONING Central Air, Window Unit/s
ARE ANY PROPERTY PHOTOS VIRTUALLY STAGED? No
BUILT BEFORE 1978 (Y/N) Yes
CONSTRUCTION Brick
CONTINUE TO SHOW? Yes
ELECTRIC EXPENSE SOURCE Actual
ELECTRICAL SERVICE Circuit Breakers, Fuses, Separate Meters
EXTERIOR BUILDING TYPE Brick
FIRE PROTECTION Carbon Monoxide Detector(s)
FOUNDATION Brick
FUEL EXPENSE SOURCE Combination
GEOGRAPHIC LOCALE Far West
HEAT/VENTILATION Forced Air, Gas
INFORMATION None
LISTING TYPE Exclusive Right To Sell
LOCATION Central Business District
LOT DIMENSIONS 21.5' X 148.8'
MANAGING BROKER (Y/N) Yes
OTHER EXPENSE SOURCE Owner Projection
PARCEL IDENTIFICATION NUMBER 1616306011
PROPERTY TYPE Mixed Use
SCAVENGER EXPENSE SOURCE Actual
STATUS Contingent
TAXES 4193.06
TAXES YEAR 2018, 2018
TENANT PAYS Varies by Tenant
TOTAL ANNUAL EXPENSE SOURCE Owner Projection
UNINCORPORATED (Y/N) No
UTILITIES TO SITE Electric to Site, Gas to Site, Sanitary Sewer to Site, Sewer-Storm Available, Water-Municipal
WATER DRAINAGE Storm Sewers
WATER EXPENSE SOURCE Actual




 
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Listed with Landmark Realty Of Illinois LLC
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About Janelle McCarter

Picture of Janelle McCarter

Janelle McCarter

Broker/Co-Owner of Landmark Realty

jalilley24@yahoo.com

815-315-1249815-315-1249 main

815-252-7283815-252-7283 mobile

Landmark Realty of Illinois LLC

1221 N Main St Princeton, IL 61356