Emily Floyd - Coldwell Banker Classic Real Estate Logo
$315,000
 $1,691 est/mo Sourced by Back At You

105-107 N Wilson Street,Palestine, IL 62451

Palestine, IL 62451

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Description

Investment Opportunity in Palestine, IL - 8-Unit Apartment Property! Explore the potential of this multi-unit investment property featuring two separate buildings with four units each, offering a total of eight rental units. Each building includes two 2-bedroom, 1-bathroom units and two 1-bedroom, 1-bathroom units, providing a versatile mix of rental options. Both buildings were repainted a few years ago, and three units feature newer laminate flooring throughout the main living areas. The buildings also offer designated laundry spaces on the main floor, which are currently non-operational and require finishing work. Remodeling has been partially completed throughout the property, leaving room for additional improvements and the opportunity to add value over time. With seven of the eight units currently rented, this property offers an opportunity for investors to acquire an established rental property with existing occupancy and potential to further improve the units and common areas. Whether you're expanding your portfolio or looking for your next investment project, this eight-unit property is ready for its next owner to build on its existing foundation and future potential.

Details

MLS #6261584
Listing TypeFor Sale
Sub-TypeResale
StatusActive Under Contract
Year1979
Days On Site14
Listing Provided ByStence Realty | Chelsea Nye

Features

BasementY
Story(s)2
Units8
ZoningCOM
Acreage0.52

Parking

Garage Yes / NoNo

Taxes

Tax Annual Amount3504

Area Information

StateIL
CountyCrawford
CityPalestine
Zip Code62451
Listing VS Median (in 62451)
Price:
$315,000
low | high
Med:
$72,500
100% of Average
On site:
14
low | high
Med:
52
26.923076923077% of Average
Sourced by Back At You

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Contact

Learn More About This Property

Emily Floyd

Emily Floyd

Coldwell Banker Classic Real Estate

471.019199 (217) 549-1640emily@cbclassic.net
StateIL
CountyCrawford
CityPalestine
Zip Code62451
Listing VS Median (in 62451)
Price:
$315,000
low | high
Med:
$72,500
100% of Average
On site:
14
low | high
Med:
52
26.923076923077% of Average
Sourced by Back At You
Listing Updated: November 4, 2026 at 12:41:30 PM PST

Emily Floyd - Coldwell Banker Classic Real Estate