Pending

Price cut: $15.1K (11/3)

$279,900

412 & 414 S Locust St, Delavan, IL 61734

7beds

4baths

7,000sqft

Est.:

Multi Family

Built in 1891

-- sqft lot

$-- Zestimate^®

$40/sqft

$-- HOA

What's special

Historic buildingTwo retail spacesNew carportsOne apartmentCommon laundry room

Excellent opportunity to own a historic building on the square downtown in Delavan. This investment property consists of two retail spaces and one apartment on the main level, and 3 apartments on the upper level of the building. New carports were put in to provide spaces for each unit. All four apartments are currently leased and both retail spaces are currently leased. There is one space still available that the current owners are using for storage that could be added to either retail unit. The building has been well cared for, updated and incldues a common laundry room. Current rents are $3,450 per month. Recent improvements include new downspouts/gutters, front foundation and facade (2020), roof was repaired and resealed in 2024, and many windows have been replaced. Dual entry in CMLS as PA1261454.

60 days

405

16

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 7
Bathrooms: 4

Heating

Forced Air

Cooling

Central Air

Appliances

Included: Dishwasher, Dryer, Range, Refrigerator, Washer, Water Heater
Laundry: Common Area, Private, Units Hook-Ups

Features

Storage
Basement: None

Interior area

Total structure area: 7,000
Total interior livable area: 7,000 sqft

Property

Parking

Total spaces: 4
Parking features: Carport, On Street
Has carport: Yes
Has uncovered spaces: Yes

Lot

Size: 6,760 Square Feet
Dimensions: 52 x 130 x 52 x 130
Features: Level

Details

Parcel number: 212110125017
Zoning description: Business District

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Brick
Foundation: Brick/Mortar
Roof: Other

Condition

New construction: No
Year built: 1891

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Subdivision: Original Town

Location

Region: Delavan

Financial & listing details

Price per square foot: $40/sqft
Annual tax amount: $2,557
Date on market: 10/11/2025
Cumulative days on market: 62 days
Tenant pays: All Utilities
Road surface type: Paved

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
12/10/2025	Pending sale	$279,900$40/sqft
Source: RMLS Alliance #PA1261554 Report a problem
11/3/2025	Price change	$279,900-5.1%$40/sqft
Source: RMLS Alliance #PA1261554 Report a problem
10/11/2025	Listed for sale	$295,000$42/sqft
Source: RMLS Alliance #PA1261554 Report a problem