1513 N 4TH Street, Chillicothe, IL 61523
sale
$350,000
|
Other
Courtesy Of Keller Williams Premier Realty
Existing income. Established footprint. Room to grow. Offered at $350,000, St. James Mobile Home Park presents a compelling investment opportunity in Chillicothe. Situated on approximately 1.02 acres, the community features 14 licensed sites, with eight income-producing residences generating $4,400 in scheduled monthly rent. Seven park-owned rentals and one lease-to-own home provide an operating foundation and flexibility for future ownership strategies. Six unoccupied sites offer potential to increase occupancy within the existing footprint, subject to verification of infrastructure, licensing, and applicable approvals. Public utilities serve the property, with water/sewer sub-metering and resident-paid electric and natural gas. Located on North Fourth Street with access to local services and the greater Peoria area, this compact community offers investors existing rental revenue and identifiable opportunities to strengthen performance and pursue growth.
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Property Features
- Building Units: 14
- Cooling System: Multi Units
- Exterior Type: Aluminum Siding
- Heating System: Natural Gas
- Legal Description: NE 1/4 SEC 20-11N-9E 1 AC BEG 262.45' S OF INTERSEC S LN MOFFITT ST & W LN 4TH ST: TH S 147' W 330'
- MLSID: PA1270977
- Parking Spaces: 28
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