1513 N 4th StreetChillicothe, IL 61523
Peoria County
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.
Property Information
- Property type
- Commercial Sale
- Lot size
- 1.02 acres
- Lot dimensions
- 147 x 260 x 154 x 328
- Parking spaces
- 28
- Zoning
- Commercial
- Days on market
- 6
- MLS® Listing#
- PA1270977
Property Features
- Cooling
- Multi Units
- Heating
- Natural Gas
- Flooring
- Other
- Construction
- Aluminum Siding
- Roof
- Other
- Sewer
- Public Sewer
- Water source
- Public
Financial Details
- HOA
- Yes
- Annual taxes
- $2,479Tax year 2025
- Parcel number
- 05-20-281-023
Directions
Illinois State Route 29 to North Fourth Street
Listing Courtesy: Keller Williams Premier Realty - Listings@brysonsmithteam.com
Presented by: Bryson Smith
