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412 & 414 S Locust St 412 South Locust Street, Delavan, IL 61734
Residential - Income
Mixed Use
Property Description
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 includes 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.
Highlights
Historic Building
Recent Improvments
Full Address: 412 South Locust Street, Delavan, IL 61734
Listing Type: FOR SALE
Status: Active
Zoning: B-3
Region: M-EN
County: Tazewell County
Property ID: 4090298
Building Sf: 3740
Parcel Num: 21-21-10-125-017
Number Units: 6
Number Buildings: 2
Year Built: 1891
Historic Building Recent Improvments