$350,000
$20K PRICE DROP

523 Sanford St East Peoria, IL 61611

Estimated payment $2,251/month

Total Views 2,869
4 Beds
-- Bath
3,956 Sq Ft
$88 Price per Sq Ft

About This Home

EXCELLENT CASH FLOW IN THIS INVESTMENT OPPORTUNITY! 10 UNITS TOTAL. SMALLEST UNIT PAYS $450/MONTH; ALL OTHER UNITS $650/MONTH. Each of the stand alone units (1,2,3,4,10) have their own gas and electric meters. The block building units 5, 6, 7, 8, 9 all work off one gas, electric meter. Units 5, 6, 7, 8, 9 are serviced off one gas water heater that is in the closet of #7. The stand alone units all have gas water heaters, gas furnaces, gravity type wall , #3 has a gas forced air unit. All units come with working gas range stove and electric fridges. The only exception is #8, seller hasn't replaced it.

Listing Agent

Troy Kerrn

Keller Williams Premier Realty Brokerage Phone: 309-282-1555 License #475143734 Listed on: 08/04/2025

Keller Williams Premier Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,159

Year Built

  • Built in 1948

Lot Details

  • 0.41 Acre Lot
  • Lot Dimensions are 60x299

Home Design

  • 3,956 Sq Ft Home
  • Block Foundation
  • Shingle Roof
  • Vinyl Siding

Bedrooms and Bathrooms

  • 4 Bedrooms

Parking

  • 10 Parking Spaces
  • On-Street Parking

Schools

  • East Peoria Comm High School

Utilities

  • Space Heater
  • Window Unit Heating System

Community Details

  • Richland Farm Subdivision
  • Trash Expense $3,600

Listing and Financial Details

  • Assessor Parcel Number 01-01-32-306-011

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,159

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Residential Income
  • Year Built: 1948
  • New Construction: No
  • Property Attached Yn: No
  • Structure Type: One Story
  • PricePerSqFt: 88.47
  • Attribution Contact: Office: 309-282-1555
  • Special Features: None

Interior Features

  • Basement: None
  • Total Bedrooms: 4

Exterior Features

  • Lot Features: Other
  • Road Surface Type: Paved
  • Construction Type: Other, Vinyl Siding
  • Foundation Details: Block
  • Roof: Shingle
  • 100YearPlain: No

Garage/Parking

  • Parking Features: On Street
  • Total Parking Spaces: 10

Utilities

  • Heating: Natural Gas, Space Heater, Window Unit(s)
  • Electric Expense: 12000
  • Water Sewer Expenses: 7200
  • Laundry Features: None
  • Water Source: Public Sewer, Public
  • GasExpense: 0
  • NumberOfWaterHeaters: 6
  • NumberOfHeatingUnits: 10
  • NumberOfCentralAirUnits: 0
  • NumberOfGasMeters: 10
  • NumberOfElectricMeters: 6
  • NumberofWaterMeters: 6
  • NumberOfRanges: 10
  • NumberofRefrigerators: 10
  • NumberOfWindowUnits: 10

Condo/Co-op/Association

  • Senior Community: No
  • LawnSnowRemoval: 0

Fee Information

  • Trash Expense: 3600
  • AdvertisingExpense: 0

Schools

  • High School: East Peoria Comm

Lot Info

  • Zoning: residential
  • Lot Size Acres: 0.41
  • Lot Size: 60x299
  • Parcel #: 01-01-32-306-011

Rental Info

  • Lease Term: One Year or Less

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 4158.7
  • TaxExemptions: None

Multi Family

  • Number Of Units Total: 10
  • Annual Gross Income: 74400
  • Resident Manager Expense: 2400
  • Annual Operating Expense: 33996

Map

Range of Values:

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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 $4,030 $45,900 $4,150 $41,750
2023 $4,030 $42,250 $3,820 $38,430
2022 $3,853 $39,260 $3,550 $35,710
2021 $3,699 $37,750 $3,410 $34,340
2020 $3,512 $36,650 $3,310 $33,340
2019 $3,490 $36,650 $3,310 $33,340
2018 $3,394 $36,650 $3,310 $33,340
2017 $3,363 $36,290 $3,280 $33,010
2016 $3,289 $36,290 $3,280 $33,010
2015 $3,224 $0 $0 $0
2013 $3,246 $36,290 $3,280 $33,010
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/18/2025 08/18/25 Price Changed $350,000 -5.3% $88 / Sq Ft
08/06/2025 08/06/25 For Sale $369,500 -- $93 / Sq Ft
Source: RMLS Alliance

Purchase History

Date Type Sale Price Title Company
Warranty Deed $141,000 None Available
Deed $129,500 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $82,500 Credit Line Revolving
Closed $128,764 Stand Alone Refi Refinance Of Original Loan
Closed $95,000 Stand Alone Refi Refinance Of Original Loan
Closed $139,649 Purchase Money Mortgage
Closed $139,649 Purchase Money Mortgage
Source: Public Records

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Source: RMLS Alliance

MLS Number: PA1259900

RMLS Alliance

APN: 01-01-32-306-011