$380,000

219,221,223 S F St La Harpe, IL 61450

Estimated payment $2,974/month

8 Beds
-- Bath
10,296 Sq Ft
$37 Price per Sq Ft

About This Home

Excellent investment opportunity with three well-maintained buildings offering a total of 12 units (each 2 bed/1 bath). Currently 8 of the 12 units occupied, providing immediate income with room to increase returns. Major updates include new roofs in 2024, 9 water heaters only 3 years old, and 11 units featuring updated flooring, paint, and bathroom renovations. Each building offers a coin-operated washer and dryer, generating additional income. Tenants pay their own electric, water, and sewer, with owner covering utilities for common and laundry areas. Current rents range from $500–$575, presenting solid upside potential for savvy investors. A rare chance to acquire a stabilized, improved multi-building complex with value-add opportunities still available!

Listing Agent

Jeremy Farlow

Farlow Real Estate Experts Brokerage Phone: 217-641-2995 License #471002036 Listed on: 12/10/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,704

Year Built

  • Built in 1996

Lot Details

  • 0.92 Acre Lot
  • Lot Dimensions are 252x162
  • Level Lot

Home Design

  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 8 Bedrooms
  • 10,296 Sq Ft Home
  • Finished Basement
  • Basement Fills Entire Space Under The House

Parking

  • 12 Parking Spaces
  • Assigned Parking

Schools

  • Illini West High School

Utilities

  • Heating Available

Community Details

  • Trash Expense $2,018

Listing and Financial Details

  • Assessor Parcel Number 06-21-000-121

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,704

Year Built

Built in 1996

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Residential Income
  • Year Built: 1996
  • New Construction: No
  • Structure Type: Apartment Building
  • Attribution Contact: Office: 217-641-2995
  • Special Features: None

Interior Features

  • Basement: Finished, Full
  • Total Bedrooms: 8

Exterior Features

  • Lot Features: Level
  • Construction Type: Vinyl Siding
  • Roof: Shingle
  • 100YearPlain: Unknown

Garage/Parking

  • Parking Features: Assigned
  • Total Parking Spaces: 12

Utilities

  • Heating: Electric
  • Water Source: Public Sewer, Public
  • GasExpense: 0

Condo/Co-op/Association

  • Senior Community: No

Fee Information

  • Trash Expense: 2018
  • AdvertisingExpense: 0

Schools

  • High School: Illini West

Lot Info

  • Lot Size Acres: 0.92
  • Lot Size: 252x162
  • Additional Parcels Description: 06-21-000-120
  • Parcel #: 06-21-000-121

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 11704
  • TaxExemptions: None

Multi Family

  • Resident Manager Expense: 8000

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/10/2025 12/10/25 For Sale $380,000 -- $37 / Sq Ft
Source: RMLS Alliance

Source: RMLS Alliance

MLS Number: CA1040903

RMLS Alliance
Illinois Hancock County La Harpe 61450

219,221,223 S F St, La Harpe, IL

For Sale

MultiFamily

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Jeremy Farlow
Listing Agent
Jeremy Farlow
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Farlow Real Estate Experts
(217) 829-2364