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213 W Walnut Street

Watseka, IL 60970
  • $375,000
  • STATUS: Active
  • ON SITE: 25 Days
  • MLS #: 12296747
UPDATED: 9 min ago
$375,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1917
County:
Area:

School Ratings & Info

Description

BEST INVESTMENT OPPORTUNITY in a famous historical building in downtown Watseka! This 14-unit apartment hybrid has a new roof, new windows & screens, and new furnace (transferable warranties). Most of the apartments are on the top floor; there are laundry facilities on the 2nd floor, and a very cool theater on the main floor - which could be converted into retail space. [The building has central air, but tenants can rent window units, as well.] This renowned structure was established by the Railroad Company as a theater & hotel for its employees - it has many beautiful architectural features, as well as modern comforts. A steady source of income and a UNIQUE PROSPECT - come and see! *See zoning notes in broker remarks.*

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© 2025 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ani Real Estate. Based on information submitted to the MRED as of 2025-03-21T23:00:47.577 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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213 W Walnut Street Watseka, IL 60970

  • Price: $375,000
  • Status: Active
  • On Site: 25 Days
  • Updated: 9 min ago
  • MLS #: 12296747
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1917
Built
Neighborhood:
Iroquois
County:
Iroquois
Area:
Iroquois
Property Description
BEST INVESTMENT OPPORTUNITY in a famous historical building in downtown Watseka! This 14-unit apartment hybrid has a new roof, new windows & screens, and new furnace (transferable warranties). Most of the apartments are on the top floor; there are laundry facilities on the 2nd floor, and a very cool theater on the main floor - which could be converted into retail space. [The building has central air, but tenants can rent window units, as well.] This renowned structure was established by the Railroad Company as a theater & hotel for its employees - it has many beautiful architectural features, as well as modern comforts. A steady source of income and a UNIQUE PROSPECT - come and see! *See zoning notes in broker remarks.*
Exterior Features

Exterior Building Type Brick Foundation Details BlockBrick/Mortar Frontage Type City Street Outdoor Parking 13-18 Spaces Roof Membrane Roof Structure PitchedWood Joists

Interior Features

Cooling Central AirWindow Unit(s) Fireplaces Total 0 Flooring CarpetVinyl Heat Ventilation Central Bldg HeatElectricForced Air Miscellaneous Inside Inside Corridor/sMulti-TenantPrivate Restroom/sBasementFurnished Units AvailableLaundry Room Number Of Dishwashers 0 Number Of Dryers 1 Number Of Ranges 1 Number Of Washers 1

Property Features

Additional Parcels YN No Approximate Age Older Building Area Total 9375 Built Before1978 YN Yes Electric Circuit Breakers Fire Protection Alarm On SiteFire Extinguisher/s Geographic Locale Out of Area Gross Income 118698 Gross Scheduled Income 118698 Insurance Expense 4628 Location Central Business DistrictMixed Use Area Mls Actual Status Active Net Operating Income 102354 Operating Expense 18572 Ownership Types Individual Possible Use CommercialMulti-Family Property Sub Type Mixed Use Rental Price 17 Tax Annual Amount 1726 Tax Year 2023 Tenant Pays Air ConditioningOtherVaries by Tenant Total Monthly Income 9891 Township Middleport Type Mixed Use Utilities Sanitary SewerWater-Municipal Zoning OTHER

Listing information © 2025 Midwest Real Estate Data LLC.
Listing provided courtesy of Coldwell Banker Realty: 815-933-9700.


© 2025 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ani Real Estate. Based on information submitted to the MRED as of 2025-03-21T23:00:47.577 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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