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740 E Shore Drive , #8

Pekin, IL 61554
  • $674,900
  • STATUS: Active
  • ON SITE: 235 Days
  • ID#: PA1258917
UPDATED: 30 min ago
$674,900
  • 0
    BEDS
  • 0.64
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1966
County:
Area:

School Information

High School:

Description

We are pleased to offer for sale this well-maintained 8-unit apartment building, each unit featuring 2 bedrooms, located in a sought-after area near Lake Arlann. The property boasts beautiful lake views and a quiet, residential setting—ideal for long-term tenants. This offering presents a rare opportunity to acquire a stabilized asset in a tranquil and attractive location, with potential for increased rental income. Each unit includes in-apartment laundry.

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© 2026 RMLS Alliance, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Ashley Coker Team | The Real Estate Group. Data last updated: 2026-02-16T06:44:55.02.
www.ashleycoker.com/homes/165250257
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740 E Shore Drive , #8 Pekin, IL 61554

  • Price: $674,900
  • Status: Active
  • On Site: 235 Days
  • Updated: 30 min ago
  • ID#: PA1258917
0
Beds
0
Baths
0
½ Baths
0.64
Acres
1966
Built
Neighborhood:
Other
County:
Tazewell
Area:
Paar Area
High School:
Pekin Community
Property Description
We are pleased to offer for sale this well-maintained 8-unit apartment building, each unit featuring 2 bedrooms, located in a sought-after area near Lake Arlann. The property boasts beautiful lake views and a quiet, residential setting—ideal for long-term tenants. This offering presents a rare opportunity to acquire a stabilized asset in a tranquil and attractive location, with potential for increased rental income. Each unit includes in-apartment laundry.
Exterior Features

Construction Materials Wood Siding Parking Features Parking Pad Parking Total 12 Road Surface Type Paved Roof Shingle

Interior Features

Basement None Building Area Total 7680 Cooling Central Air Heating Forced Air Laundry Features Private Number Of Central Air Units 8 Number Of Dryers 8 Number Of Electric Meters 8 Number Of Gas Meters 8 Number Of Heating Units 8 Number Of Ranges 8 Number Of Washers 8 Number Of Water Heaters 8 Numberof Refrigerators 8

Property Features

100 Year Plain Unknown Agent Owned No Disclosed Short Sale N Financing Cash OnlyConventional Gross Income 74100 Gross Scheduled Income 74100 Insurance Expense 2500 Lot Features Cul-De-Sac Lot Size Dimensions 63x160x139x41x138 Manager On Site YN No Net Operating Income 57887 New Construction YN No Number Of Water Meters 1 Operating Expense 4900 Repossessed No Structure Type Two or More Story Tax Annual Amount 11313.46 Tax Legal Description N. 42.93 of Lot 7 & All of Lot 8 East Shore Villas Tax Year 2024 Tenant Pays All Utilities Trash Expense 1200 Type Residential Income Water Source Public SewerPublic

Listing provided courtesy of Tonya Crawford of R & R Realty: .
© 2026 RMLS Alliance, LLC. All Rights Reserved.


© 2026 RMLS Alliance, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Ashley Coker Team | The Real Estate Group. Data last updated: 2026-02-16T06:44:55.02.
 
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Ashley Coker Team | The Real Estate Group
3701 W. Wabash Ave.
Springfield IL, 62711