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503 W Main Street Elmwood, IL 61529 • Multi Unit - Multiple • Pending

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Description

4-unit, 2-story apartment building located in the heart of Elmwood just one block off the square, offering a prime location with strong rental appeal. This fully occupied property provides immediate income and features a solid layout with all units currently leased. Recent updates include a newer furnace and two water heaters, helping reduce future capital expenses. Situated in a convenient, walkable area close to local shops, dining, and amenities, this property presents a great opportunity for investors looking to add to their portfolio or for those seeking a value-add property with upside potential.

Property Highlights

Property Type: Multi Unit - Multiple

General Information

County: Peoria
High School: Elmwood
Subdivision: None
Listed By:
Move Smart Realty
RMLSA
$148,000
Est. $1,006/mo
Pending
BEDS0 BATHS0 MLS#PA1265170
STATUSPending PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONNone SCHOOLElmwood
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Sandy Howard
 (563) 357-7649

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503 W Main Street, Elmwood, IL 61529.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $148,000$148,000$148,000
Down Payment $29,600$5,180$37,000
Monthly Mortgage Amount $700$871$907
Taxes $206$206$206
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$65$0
Monthly Estimated Total $1,006$1,242$1,213

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