227 W Pine St Canton, IL 61520
Estimated payment $783/month
Highlights
- Hot Property
- Forced Air Heating and Cooling System
- Level Lot
- Two Heating Systems
About This Home
Excellent opportunity to own a solid brick multi-unit building conveniently located in the heart of Canton. This well-maintained property features four spacious apartments — two on the main floor and two upstairs — plus a shared basement area with laundry and storage for tenants. Recent updates include a new EPDM rubber roof with fiber board base, extended to cover the roof edges, plus tuckpointing and new front porch steps, decking, and roof — all helping to reduce long-term maintenance costs. The building offers three 1-bedroom/1-bath units and one 1-bedroom (possible 2 bedroom)/1.5-bath unit, each with eat-in kitchens, full-size gas stoves and refrigerators, large living rooms, front and rear entrances, and off-street parking. One main-floor unit includes a handicap ramp for accessibility. All units are served by forced-air gas heat and central air conditioning. Rents currently include gas, electric, water, and trash, with below-market rental rates providing room for upside. This property is a turnkey income producer with strong cash flow and additional value potential through rent increases. Ideal for an investor seeking dependable returns in a stable Central Illinois market.
Listing Agent
Rhoades Real Estate & Land Auc Brokerage Phone: 309-647-8811 License #471.019378 Listed on: 10/14/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,095
Year Built
- Built in 1906
Lot Details
- Lot Dimensions are 66' x 166'
- Level Lot
Parking
- 8 Parking Spaces
Home Design
- Rubber Roof
Interior Spaces
- 4 Bedrooms
- 2,624 Sq Ft Home
- Unfinished Basement
- Basement Fills Entire Space Under The House
Schools
- Canton High School
Utilities
- Forced Air Heating and Cooling System
- Two Heating Systems
Community Details
- Hulit Subdivision
- Trash Expense $360
Listing and Financial Details
- Assessor Parcel Number 09-08-27-325-021
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 | $2,095 | $20,920 | $3,660 | $17,260 |
2023 | $2,095 | $20,020 | $3,500 | $16,520 |
2022 | $2,013 | $20,020 | $3,500 | $16,520 |
2021 | $2,013 | $19,240 | $3,360 | $15,880 |
2020 | $1,917 | $18,420 | $3,220 | $15,200 |
2019 | $2,153 | $21,520 | $3,270 | $18,250 |
2018 | $2,097 | $21,110 | $3,210 | $17,900 |
2017 | $2,091 | $21,110 | $3,210 | $17,900 |
2016 | $2,125 | $20,800 | $3,160 | $17,640 |
2015 | $2,020 | $20,050 | $3,050 | $17,000 |
2013 | -- | $19,540 | $2,970 | $16,570 |
2012 | -- | $18,880 | $2,870 | $16,010 |
Property History
Date | Event | Price | List to Sale | Price per Sq Ft |
---|---|---|---|---|
10/14/2025 10/14/25 | For Sale | $115,000 | -- | $44 / Sq Ft |
Purchase History
Date | Type | Sale Price | Title Company |
---|---|---|---|
Deed | $52,500 | -- | |
Deed | $45,000 | -- |
Source: RMLS Alliance
MLS Number: PA1261622

APN: 09-08-273-250-21
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