609 S 3rd Street
Pekin, IL 61554
Six income-producing apartments create a compelling opportunity for investors seeking scale in one convenient package. This two-story property features six one-bedroom, one-bathroom units, with three residences on the main level and three upstairs. Every apartment includes a walk-in closet, giving tenants the kind of storage that can make compact living feel surprisingly spacious. The numbers deserve attention: the building generates $48,600 in gross annual rent, while tenants pay all utilities. Electric baseboard heat and window air-conditioning units allow residents to manage their own comfort and usage. Unit 2 is currently vacant, offering a ready opening for an owner to re-lease according to their own investment strategy. The vacant apartment was recently refreshed with new bedroom
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Room Information
Basement: None -
Roofing Information
Shingle -
Interior Features
Roof: Shingle Appliances: Electric Water Heater, Refrigerator, Water Heater, Range Laundry Features: None -
Heating & Cooling
Has Heating: Yes Heating: Baseboard, Electric Has Cooling: Yes Cooling: Window Unit(s)
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Building Information
Year Built: 1975 Building Area Total: 3080 Construction Materials: Wood Siding Private Pool: No Association Fee Frequency: Monthly
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Lot Information
Lot Dimensions: 127 x 66 Lot Description: LevelProperty Information
Subdivision: Cincinnati Source Property Type: Residential Income MLS Area Minor: PAAR Area Property Age: 51
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Listing Price Information
Listing Price: $275000
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Tax Information
Parcel Number: 04-10-03-216-002 Tax Year: 2025 Annual Tax: $5456.34 Tax Legal Desc: SEC 3 T24N R5W CINCINNATI ADDN LOT 83 NE 1/4
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Parking Information
Parking Total: 10 Guest, On StreetHomeowners Association InformationHas Association: Yes
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School Information
Elementary School:Junior High School:Senior High School: Pekin Community -
Location Information
Direction: Washington St. to South 3rd St. Located behind transformer station. WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 16810 Springfield Road, Pekin, IL, 61554 | $875,000 | 5 | 5 | 5,802 | 12.30 Acres |
| 1507 Chestnut Street, Pekin, IL, 61554 | $74,500 | 2 | 1 | 811 | -- |
| 3600 Broadway Road, Pekin, IL, 61554 | $749,900 | 4 | 3 | 3,750 | 20.16 Acres |
| 1621 Grandlake Court, Pekin, IL, 61554 | $675,000 | 4 | 3 | 2,874 | 0.89 Acre |
| 1617 Grandlake Court, Pekin, IL, 61554 | $594,800 | 5 | 4 | 2,782 | -- |
| 15 Olympia Fields Drive, Pekin, IL, 61554 | $259,900 | 3 | 2 | 2,874 | 0.48 Acre |
| 301 Maple Park Drive, Pekin, IL, 61554 | $202,000 | 3 | 2 | 2,774 | -- |
| 2502 Court Street, Pekin, IL, 61554 | $99,900 | 3 | 1 | 1,588 | -- |
| 2122 Highwood Avenue, Pekin, IL, 61554 | $250,000 | 4 | 3 | 2,872 | -- |
| 1709 Saint Clair Drive, Pekin, IL, 61554 | $223,500 | 3 | 2 | 1,249 | -- |
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Based on information submitted to the MLS GRID as of 09/02/2026 @ 15:05. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
ByOwner last updated this listing 09/02/2026 @ 15:05
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