331 S 4TH Street, Pekin, IL 61554

Centrally located 7-unit building offering a strong value-add opportunity. The property is currently vacant and in need of cosmetic updates throughout, primarily including flooring, paint, and appliances. The building features one large commercial office space with two side-by-side entrances, providing the potential to divide the space into two separate office suites.

Residentially, the property includes four spacious upper-level units, one main level unit, and one basement/garden-level unit. The residential units offer generous layouts with tall ceilings and plenty of natural light, enhancing overall livability and appeal.

Unit 1 (Office 3 Rooms + One 1/2 Bath) Unit 2 (D -One Bedrooms + One Bath) Unit 3 (C - Two Bedrooms + One Bath) Unit 4 (A - Two Bedrooms + One Bath) Unit 5 (F - Basement Unit + One Bedroom/One Bath) Unit 6 (B - One Bedroom + One Bath) Unit 7 (E - One Bedroom + One Bath) City-required repairs include the replacement or repair of the exterior rear steps leading to the back unit.

Additionally, one second-floor rear unit has flooring that requires repair due to a slight slope; the bathroom renovation could be completed concurrently with these repairs. Once improvements are completed and rents are stabilized, the property presents significant upside potential. Please contact the listing agent with any questions or offers. Showings must be requested through ShowingTime. Please have proof of funds ready when you make an offer!