Choice five unit aluminum sided single story apartment complex on a dead end street -- loads of privacy which makes this an even more desirable income producing property! Three units feature two bedrooms, living room, equipped eat-in kitchen, full hall bath, and an attached carport with adjacent private laundry facilities. Each two bedroom unit is rented for $550.00/month. Two units feature one bedroom, living room, equipped eat-in kitchen, full hall bath, and an attached carport with adjacent private laundry facilities. Each one bedroom unit is rented for $500.00/month. All five units are currently under an annual lease and feature separate gas forced air furnaces as well as separate central air conditioning units. Range/oven and refrigerators are owned by the property owner and will convey with property upon settlement -- washers and dryers are owned by tenants. Property owner currently pays water, sewer, garbage, and is responsible for lawn maintenance -- tenants currently are pay Ameren. Structure is on a concrete block crawlspace. Addresses are 1418 5th Street, Lincoln -- Apartments 1-5. Talk about a choice investment property -- this one is HOT and will NOT last long!
Sold
$225,000
1418 5th St, Lincoln, IL 62656
7beds
4baths
3,636sqft
Multi Family
Built in 1961
-- sqft lot
$251,000 Zestimate®
$62/sqft
$-- HOA
What's special
Zillow last checked: 7 hours ago
Listing updated: October 03, 2023 at 01:03pm
Listed by:
Seth A Goodman 217-737-3742,
ME Realty
Bought with:
Seth A Goodman
ME Realty
Source: RMLS Alliance,MLS#: CA1024420
Originating MLS: Capital Area Association of Realtors


Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 4
Heating
- Forced Air, Natural Gas
Cooling
- Central Air
Appliances
- Included: Range, Refrigerator, Water Heater
- Laundry: Units Hook-Ups
Features
- Basement: Crawl Space
Interior area
- Total structure area: 3,636
- Total interior livable area: 3,636 sqft
Property
Parking
- Total spaces: 5
- Parking features: Carport
- Has carport: Yes
Lot
- Size: 0.53 Acres
- Dimensions: 93 x 250
- Features: Dead End Street
Details
- Parcel number: 1203603420
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Aluminum Siding
- Roof: Shingle
Condition
- New construction: No
- Year built: 1961
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Lincoln
- Subdivision: None
Services availability

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