$525,000
$50K PRICE DROP

400 S Franklin St Greenup, IL 62428

Estimated payment $3,191/month

-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

About This Home

This income-producing property features 3 two-story buildings with four units each, offering a total of twelve apartments. Each building includes central open stairs leading to the second floor and coin-operated laundry facilities on the main level. The units are heated by baseboard electric radiant systems, and air conditioning is provided through wall units, making the property highly economical to operate. The site offers a concrete parking lot, handicap-accessible ramps, and a visually appealing setting surrounded by mature trees. Each building features low-maintenance veneer brick and metal siding, and brand-new metal roofs were installed between 2022-2023. The property boasts one of the lowest operating cost ratios and real estate tax rates in the area. Five units have been recently updated with new flooring, refinished gray kitchen cabinets, and modern bathroom vanities. Located along US RT 40, the property benefits from strong visibility between Terre Haute and St. Louis.

Listing Agent

Blake McWilliams

KELLER WILLIAMS-TREC License #475204739 Listed on: 10/15/2025

KELLER WILLIAMS-TREC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,992

Year Built

  • Built in 1982

Home Design

  • Quadruplex
  • Asphalt Roof

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Radiant Heating System
  • Electric Water Heater

Additional Features

  • 2-Story Property
  • 1 Acre Lot

Community Details

  • 4 Units
  • Matteson Add Subdivision

Listing and Financial Details

  • Assessor Parcel Number 13-11-110-004

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,992

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Lot Size Acres: 1.0
  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Building Stories: 2
  • Subdivision Name: Matteson Add
  • Year Built: 1982
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • Property Sub Type Additional: Quadruplex
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Electric Water Heater
  • Owner Pays: Common Area Maintenance, Other
  • Stories: 2

Exterior Features

  • Roof: Asphalt
  • Waterfront: No

Utilities

  • Cooling: Wall Unit(s)
  • Heating: Electric, Radiant
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: Public Sewer

Schools

  • Junior High Dist: Cumberland Dist. 77

Lot Info

  • Lot Size Sq Ft: 43560.0
  • Parcel #: 13-11-110-004
  • Zoning: MFG

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 4992.0

Map

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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 $4,992 $69,400 $26,315 $43,085
2023 $5,037 $69,400 $26,315 $43,085
2022 $4,945 $69,400 $26,315 $43,085
2021 $2,289 $30,872 $15,932 $14,940
2020 $2,288 $29,880 $15,420 $14,460
2019 $2,301 $29,880 $15,420 $14,460
2018 $2,116 $27,063 $15,420 $11,643
2017 $2,315 $27,063 $15,420 $11,643
2016 -- $27,063 $15,420 $11,643
2015 -- $27,063 $15,420 $11,643
2014 $4,146 $27,063 $15,420 $11,643
2013 $4,146 $49,815 $15,420 $34,395
2012 $4,146 $49,815 $15,420 $34,395
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/17/2025 10/17/25 Price Changed $525,000 -8.7% --
10/15/2025 10/15/25 For Sale $575,000 -- --
Source: Central Illinois Board of REALTORS®

About the Listing Agent

Blake McWilliams
Blake McWilliams

KELLER WILLIAMS-TREC

(217) 858-4830

Section Image

Blake McWilliams – The McWilliams Group
Realtor | Veteran | Real Estate Investor | Team Lead

Real estate isn’t just my business—it’s my passion. As a veteran, I know the value of hard work, integrity, and commitment, and I bring those same principles to every client I work with. Whether you're buying your first home, selling a property, or looking for investment opportunities, I’m here to guide you every step of the way.

As an experienced real estate investor and Bigger

View Blake's Profile

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Source: Central Illinois Board of REALTORS®

MLS Number: 6255667

APN: 13-11-110-004

Illinois Cumberland County Greenup 62428

400 S Franklin St, Greenup, IL

This home is located at 400 S Franklin St, Greenup, IL 62428 and is currently priced at $525,000. This property was built in 1982. 400 S Franklin St is a home located in Cumberland County with nearby schools including Cumberland Elementary School, Cumberland Middle School, and Cumberland High School.

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Blake McWilliams
Blake McWilliams
Listing Agent Section Image
KELLER WILLIAMS-TREC
(217) 858-4830