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Listed by Bryson Smith • Keller Williams Premier Realty
$ 350,000
Est. payment /mo
New
1513 N 4TH ST Chillicothe, IL 61523
1.02 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID PA1270977
Annual Tax Amount $2,479
Tax Year 2025
Lot Size 1.020 Acres
Acres 1.02
Lot Dimensions 147 x 260 x 154 x 328
Property Sub-Type Commercial
Source rmlsa
Property Description
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.
Location
State IL
County Peoria
Area Paar Area
Zoning Commercial
Direction Illinois State Route 29 to North Fourth Street
Interior
Heating Natural Gas
Cooling Multi Units
Flooring Other
Fireplace N
Exterior
View true
Roof Type Other
Total Parking Spaces 28
Garage 1
Building
Faces Illinois State Route 29 to North Fourth Street
Sewer Public Sewer
Water Municipal/City
Structure Type Aluminum Siding
Others
Tax ID 05-20-281-023
Security Features No