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421 E Knoxville St 5 Unit Apartment Building $342,635 CAD ($68,527 CAD/Unit) Brimfield, IL 61517
Investment Highlights
- Income-producing fourplex with a stable tenant base and existing revenue stream.
- Attractive unit mix (two 2-bed and two 1-bed units) appealing to a broad renter pool.
- Spacious lot in a small-town setting, offering quiet surroundings with proximity to nearby amenities.
- Flexible commercial zoning, allowing for multiple future use scenarios.
- Additional income from on-site laundry, generating monthly revenue.
- Private parking lot and driveway, providing ample tenant parking.
Executive Summary
Cash-flowing 4-unit property with commercial zoning — a strong investment opportunity located at the entrance of Brimfield, IL. Situated in Peoria County within the
Brimfield School District, this property offers stable income with clear upside potential. The fourplex sits on 0.52 acres (per Peoria County records) and benefits from low property taxes relative to its income production. The unit mix includes two 2-bedroom units and two 1-bedroom units, appealing to a wide tenant base. Current revenue is consistent, with additional income potential through rent increases and operational improvements. On-site laundry generates approximately $350/month, creating an added revenue stream. The property features a private parking lot and private driveway, providing plenty of parking for all tenants. Value-add opportunities include paving the parking lot and driveway to further enhance tenant appeal and long-term value. Located in a small-town setting with a short drive to nearby city amenities, tenants enjoy peaceful surroundings alongside local conveniences. Highlights: -Income-producing 4-unit property (fourplex) -Commercial zoning for flexible future use -Two 2-bedroom units & two 1-bedroom units -Stable income with potential to increase rents -Laundry income (~$350/month) -0.52-acre lot (per county records) -Private parking lot & private driveway -Plenty of tenant parking -Value-add opportunity with paving improvements -Low taxes for the asset class
Brimfield School District, this property offers stable income with clear upside potential. The fourplex sits on 0.52 acres (per Peoria County records) and benefits from low property taxes relative to its income production. The unit mix includes two 2-bedroom units and two 1-bedroom units, appealing to a wide tenant base. Current revenue is consistent, with additional income potential through rent increases and operational improvements. On-site laundry generates approximately $350/month, creating an added revenue stream. The property features a private parking lot and private driveway, providing plenty of parking for all tenants. Value-add opportunities include paving the parking lot and driveway to further enhance tenant appeal and long-term value. Located in a small-town setting with a short drive to nearby city amenities, tenants enjoy peaceful surroundings alongside local conveniences. Highlights: -Income-producing 4-unit property (fourplex) -Commercial zoning for flexible future use -Two 2-bedroom units & two 1-bedroom units -Stable income with potential to increase rents -Laundry income (~$350/month) -0.52-acre lot (per county records) -Private parking lot & private driveway -Plenty of tenant parking -Value-add opportunity with paving improvements -Low taxes for the asset class
Property Facts
| Price | $342,635 CAD | Building Class | C |
| Price Per Unit | $68,527 CAD | Lot Size | 0.47 AC |
| Sale Type | Investment | Building Size | 2,261 SF |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1950 |
| Property Subtype | Apartment | ||
| Zoning | Commercial - Commercial | ||
| Price | $342,635 CAD |
| Price Per Unit | $68,527 CAD |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.47 AC |
| Building Size | 2,261 SF |
| No. Stories | 2 |
| Year Built | 1950 |
| Zoning | Commercial - Commercial |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
Site Amenities
- Laundry Facilities
- Security System
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Somewhat walkable
20/100
Exceptionally drivable
100/100
Not bikeable
10/100
Property Taxes
| Parcel Number | 06-24-251-002 | Improvements Assessment | $37,114 CAD |
| Land Assessment | $6,030 CAD | Total Assessment | $43,145 CAD |
Property Taxes
Parcel Number
06-24-251-002
Land Assessment
$6,030 CAD
Improvements Assessment
$37,114 CAD
Total Assessment
$43,145 CAD
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421 E Knoxville St
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