201 Cypress St Pekin, IL 61554
North of Broadway NeighborhoodEstimated payment $1,709/month
Highlights
- Guest Parking
- Forced Air Heating and Cooling System
- Level Lot
About This Home
Fantastic investment opportunity! This well-maintained quad-plex offers four spacious 2-bedroom, 1-bath units on a quiet corner lot in Pekin. Each unit features a functional layout, large bedrooms, adding both convenience and tenant appeal. Unit 4 is a reliable long-term tenant who handles lawn maintenance for a small rent discount and received a new water heater in (Oct 2024). Unit 2 has a brand-new A/C (2025), Unit 3 is vacant and move-in ready with a new water heater (2025) and furnace installed in (Oct 2022), and the roof is only a few years old. Gutter Masters installed new 6” gutters and downspouts in (Sept 2022), ensuring proper drainage and exterior protection. The property has been professionally managed, with water/sewer billed back to tenants. With a gross annual rent of $35,100, low operating expenses; this is a low-risk, high-yield investment offering steady cash flow, newer mechanicals, and strong long-term potential. Turnkey and ready for its next investor! Minimum 24hr notice for all showings.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,107
Year Built
- Built in 1972
Lot Details
- Level Lot
Home Design
- Brick Exterior Construction
- Block Foundation
- Shingle Roof
Interior Spaces
- 8 Bedrooms
- 4,091 Sq Ft Home
- Basement Fills Entire Space Under The House
Parking
- 6 Parking Spaces
- Guest Parking
Schools
- Pekin Community High School
Utilities
- Forced Air Heating and Cooling System
- Gas Water Heater
Community Details
- Broadway Heights Subdivision
Listing and Financial Details
- Assessor Parcel Number 05-05-31-304-017
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $5,700 | $66,900 | $9,140 | $57,760 |
| 2023 | $5,700 | $61,420 | $8,390 | $53,030 |
| 2022 | $5,320 | $56,810 | $7,760 | $49,050 |
| 2021 | $5,117 | $54,620 | $7,460 | $47,160 |
| 2020 | $5,070 | $54,620 | $7,460 | $47,160 |
| 2019 | $4,998 | $54,620 | $7,460 | $47,160 |
| 2018 | $4,869 | $54,620 | $7,460 | $47,160 |
| 2017 | $4,431 | $51,030 | $7,000 | $44,030 |
| 2016 | $4,384 | $49,430 | $6,780 | $42,650 |
| 2015 | $4,175 | $0 | $0 | $0 |
| 2013 | $4,094 | $49,430 | $6,780 | $42,650 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/17/2025 11/17/25 | Price Changed | $227,900 | -5.0% | $56 / Sq Ft | |
| 11/06/2025 11/06/25 | For Sale | $239,900 | +15.9% | $59 / Sq Ft | |
| 01/31/2022 01/31/22 | Sold | $207,000 | -8.0% | $51 / Sq Ft | View Prior Sale |
| 12/21/2021 12/21/21 | Pending | -- | -- | -- | |
| 12/10/2021 12/10/21 | For Sale | $225,000 | 0.0% | $55 / Sq Ft | |
| 12/03/2021 12/03/21 | Pending | -- | -- | -- | |
| 11/23/2021 11/23/21 | For Sale | $225,000 | -- | $55 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $207,000 | Hometown Title | |
| Warranty Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $165,600 | New Conventional | |
| Previous Owner | $119,250 | Commercial |
Source: RMLS Alliance
MLS Number: PA1262190
APN: 05-05-31-304-017
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
- 207 Hemlock St
- 0 Ironwood Dr Unit RMAPA1255254
- 208 Ironwood Dr
- 225 Maple Park Dr
- LOT 71 Dogwood Ln
- LOT 85 Dogwood Ln
- LOT 78 Dogwood Ln
- LOT 77 Dogwood Ln
- LOT 83 Dogwood Ln
- LOT 69 Dogwood Ln
- LOT 97 Dogwood Ln
- LOT 72 Dogwood Ln
- Lot 68 Dogwood Ln
- LOT 70 Dogwood Ln
- LOT 98 Dogwood Ln
- LOT 82 Dogwood Ln
- LOT 75 Dogwood Ln
- LOT 84 Dogwood Ln
- 2437 Willow St
- LOT 90 Aspen Ct
- 4 Williamsburg Ct Unit C
- 1 Williamsburg Ct Unit A
- 1200 Florence Ave
- 1328 Hilltop Dr
- 1225 Florence Ave
- 1902 Sheridan Rd Unit 2
- 1900 Sheridan Rd Unit 7
- 1201 S 14th St
- 1204 S 13th St Unit 1204 1/2
- 1102 Oxford Ave Unit 7
- 911 Hamilton St
- 528 Henrietta St
- 1300 Windflower St
- 1210 Mechanic St
- 4021 S Ricketts Ave Unit 8
- 4208 S Lafayette Ave
- 225 Johnson St
- 8710 W Main St
- 2005 S Stanley St
- 2818 W Meidroth St