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503 W Main Street, Elmwood, IL 61529

$148,000

2,764 sq ft
MLS# 1265170
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4-unit, 2-story apartment building located in the heart of Elmwood just one block off the square, offering a prime location with strong rental appeal.

This fully occupied property provides immediate income and features a solid layout with all units currently leased. Recent updates include a newer furnace and two water heaters, helping reduce future capital expenses. Situated in a convenient, walkable area close to local shops, dining, and amenities, this property presents a great opportunity for investors looking to add to their portfolio or for those seeking a value-add property with upside potential.

Property Details

City
Elmwood
County
Peoria
Subdivision
None
Schools
  • Elmwood
Type
Residential Income
Garage
  • Assigned
New Construction
No
Square Ft.
2,764
Apx Lot Size
66x157
Year Built
9999

Features

Roofing
  • Shingle
Garage/Parking
  • Assigned
Basement
  • Full
  • Sump Hole
Heating/Cooling
  • Hot Water
  • Gas Water Heater
  • Window Unit(S)
Water/Sewer
  • Public Sewer
  • Public
Laundry Facilities
  • None

Financials

2024 Taxes
4391.78
RMLS Alliance IDX

Listing information is provided by RMLS Alliance LLC courtesy of Move Smart Realty, Lisa Inman, as of 03/27/2026 15:15pm 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 renting or leasing. Data is deemed reliable but is not guaranteed accurate by the MLS. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.