Description

Beautiful Historic Brownstone
Located down town Pekin, IL
Pekin is the hub for the county and is located in the heart of it all.
within boundaries for substantial revitalization Grant programs. (building qualification has been verified) Property is 3 stories and has 11 1200+sf flats. Each has independent gas, electric, bteakerbox & wired fire detectors.
Each unit also includes independent. forced air furnace, central air unit, stove, refrigerator, fireplace (gas) and balcony. Each has front and rear entry as well as balcony exit. Security entries & a dedicated parkng lot.
Property has been converted go a corporate only furnished building. It is home to traveling business people on contract. Three long term tenants are local professionals.
Flats are completely turnkey furnished as a home. From well appointed furniture right down to cookware & towels. Each has been restored to preserve their beautiful historic charm. 9' ceilings, beautiful woodwork, original refinished wood floors large windows.
Property has shown virtually no vacancy status since implimenting our furnished corporate strategy. We currently have 4 parties on a wait list for early exit current tenants (due to reassignment) very rare. Also have three units secured and contracted for future dates behind current contracts.
Rents are deposited by tenants direct to building account. All are early or on time, some prepaid by company or agency. Tenants are typically one per unit, very quiet and clean. Each pays their own utilities in their name. Units are left very positive upon exit. Most extend leases. Many business draws contra t personal from 3 mo to 3 years, CAT, OSF, Keystone, Powerton, State Prison, County offices, Pekin Insurance.
Could be easily be converted to creative office space or private practice.
Interested party may occupy a unit and profit from the remaining 10 unit's or lease them all. This property has a special place in local history and in our hearts. Our only reason. for selling is that we no longer have other business in this area and no family. If we could pick it up and move it, we would do so in a second. But it had served us well and it is ready for a new couple to love it as we do.