412 & 414 S Locust St Delavan, IL 61734
Estimated payment $1,681/month
Highlights
- Storage
- Forced Air Heating and Cooling System
- 1-minute walk to Delavan City Park
- Two Heating Systems
- Level Lot
About This Home
Excellent opportunity to own a historic building on the square downtown in Delavan. This investment property consists of two retail spaces and one apartment on the main level, and 3 apartments on the upper level of the building. New carports were put in to provide spaces for each unit. All four apartments are currently leased and both retail spaces are currently leased. There is one space still available that the current owners are using for storage that could be added to either retail unit. The building has been well cared for, updated and incldues a common laundry room. Current rents are $3,450 per month. Recent improvements include new downspouts/gutters, front foundation and facade (2020), roof was repaired and resealed in 2024, and many windows have been replaced. Dual entry in CMLS as PA1261454.
Listing Agent
RE/MAX Traders Unlimited Brokerage Phone: 309-323-0399 License #475200541 Listed on: 10/08/2025
Co-Listing Agent
RE/MAX Traders Unlimited Brokerage Phone: 309-323-0399 License #475175281
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,558
Year Built
- Built in 1891
Lot Details
- Lot Dimensions are 52x130x52x130
- Level Lot
Home Design
- Brick Exterior Construction
- Brick Foundation
Interior Spaces
- 7 Bedrooms
- 7,000 Sq Ft Home
- Storage
Parking
- 4 Parking Spaces
- Carport
- On-Street Parking
Schools
- Delavan High School
Utilities
- Forced Air Heating and Cooling System
- Two Heating Systems
- Window Unit Heating System
- Heating System Uses Natural Gas
Community Details
- Original Town Subdivision
- Trash Expense $936
Listing and Financial Details
- Assessor Parcel Number 21-21-10-125-017
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 | $2,936 | $35,110 | $3,370 | $31,740 |
| 2023 | $2,936 | $31,890 | $3,060 | $28,830 |
| 2022 | $2,749 | $28,970 | $2,780 | $26,190 |
| 2021 | $2,644 | $27,850 | $2,670 | $25,180 |
| 2020 | $2,657 | $27,850 | $2,670 | $25,180 |
| 2019 | $2,608 | $27,850 | $2,670 | $25,180 |
| 2018 | $2,613 | $27,850 | $2,670 | $25,180 |
| 2017 | $2,597 | $27,290 | $2,610 | $24,680 |
| 2016 | $2,571 | $27,290 | $2,610 | $24,680 |
| 2015 | $2,314 | $0 | $0 | $0 |
| 2013 | $2,286 | $27,290 | $2,610 | $24,680 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/03/2025 11/03/25 | Price Changed | $279,900 | -5.1% | $40 / Sq Ft |
| 10/08/2025 10/08/25 | For Sale | $295,000 | -- | $42 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | None Listed On Document | |
| Quit Claim Deed | -- | Hometown Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $103,108 | Credit Line Revolving |
Source: RMLS Alliance
MLS Number: PA1261554
APN: 21-21-10-125-017
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