$179,000
$10K PRICE DROP

300 E 2nd St Pana, IL 62557

Estimated payment $1,181/month

Total Views 9,985
-- Bed
-- Bath
2,116 Sq Ft
$85 Price per Sq Ft

About This Home

Whether you're looking to expand your investment portfolio or take your first step into real estate investing, this fully occupied income-producing property is an excellent opportunity. The property features seven one-bedroom, one-bathroom units, all currently leased and generating rental income. Recent improvements include a new roof installed in 2024 and a renovated Apartment #4. A coin-operated laundry area provides added convenience for tenants and additional income potential. Showings are available by appointment only, and advance notice is required. Call today to schedule your private viewing!

Listing Agent

Kelly Washburn

Fayette County Real Estate License #471002525 Listed on: 04/08/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,571

Year Built

  • Built in 1890

Lot Details

  • 11,199 Sq Ft Lot
  • Lot Dimensions are 80 x 140

Interior Spaces

  • 2,116 Sq Ft Home
  • Ceiling Fan

Schools

  • Pana Dist 8 Elementary And Middle School
  • Pana High School

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Electric Water Heater

Community Details

  • 7 Units

Listing and Financial Details

  • Assessor Parcel Number 11-25-22-104-007-00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,571

Year Built

Built in 1890

Lot Details

0.26 Acres

Listing Details

  • Property Type: Residential Income
  • Year Built: 1890
  • Property Sub-Type: 5 Family or More
  • Lot Size Acres: 0.2571
  • Co List Office Phone: 618-2831776
  • Outside Inclusions: Building,Land
  • MLS Status: Active
  • Subdivision Name: Railroad Add
  • Above Grade Finished Sq Ft: 2116
  • Carport Y N: No
  • New Construction: No
  • PreviousStatus: Expired
  • MIS_PoolYN: 0
  • MIS_UnitCount: 0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Electric Water Heater
  • Basement YN: No
  • Fireplace: No

Exterior Features

  • Waterfront: No
  • Disclosures: Unknown

Garage/Parking

  • Attached Garage: No

Utilities

  • Sewer: Public Sewer
  • Cooling: Ceiling Fan(s), Window Unit(s)
  • Heating: Forced Air, Natural Gas
  • Water Source: Public

Schools

  • Elementary School: PANA DIST 8
  • Junior High Dist: PANA DIST 8
  • High School: Pana
  • Middle Or Junior School: PANA DIST 8

Lot Info

  • Lot Dimensions: 80 x 140
  • Lot Size Sq Ft: 11199
  • ResoLotSizeUnits: Acres
  • Parcel Number: 11-25-22-104-007-00

Rental Info

  • Tenant Pays: None

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 2571

Multi Family

  • Number Of Units Total: 7

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $2,572 $26,872 $4,847 $22,025
2024 $2,312 $23,806 $4,294 $19,512
2023 $2,220 $22,492 $4,057 $18,435
2022 $3,434 $33,466 $4,108 $29,358
2021 $3,360 $32,809 $4,027 $28,782
2020 $3,271 $31,417 $3,856 $27,561
2019 $3,292 $32,157 $3,947 $28,210
2018 $3,524 $34,551 $3,785 $30,766
2017 $3,546 $35,256 $3,862 $31,394
2016 $3,507 $35,157 $3,851 $31,306
2015 $3,503 $34,748 $3,806 $30,942
2014 $3,272 $32,320 $3,540 $28,780
2013 $3,279 $32,309 $3,536 $28,773
2011 $3,226 $33,073 $3,620 $29,453
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
04/23/2026 04/23/26 For Sale $179,000 0.0% $85 / Sq Ft
04/08/2026 04/08/26 Off Market $179,000 -- --
10/08/2025 10/08/25 Price Changed $179,000 -2.7% $85 / Sq Ft
07/29/2025 07/29/25 Price Changed $184,000 -2.6% $87 / Sq Ft
04/08/2025 04/08/25 Price Changed $189,000 0.0% $89 / Sq Ft
04/08/2025 04/08/25 For Sale $189,000 -- $89 / Sq Ft
03/31/2025 03/31/25 Off Market -- -- --
Source: MARIS MLS

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Warranty Deed $67,500 Advanced Title
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Deed $54,500 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Closed $97,500 New Conventional
Closed $100,000 Construction
Source: Public Records

Source: MARIS MLS

MLS Number: MIS25019756

MARIS MLS

APN: 11-25-22-104-007-00

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