Baths
10,296 Sq. Ft.
$37 / Sq. Ft.
10,296
Sq. Ft.
$37
per Sq. Ft.

Description

Excellent investment opportunity with three well-maintained buildings offering a total of 12 units (each 2 bed/1 bath). Currently 8 of the 12 units occupied, providing immediate income with room to increase returns. Major updates include new roofs in 2024, 9 water heaters only 3 years old, and 11 units featuring updated flooring, paint, and bathroom renovations. Each building offers a coin-operated washer and dryer, generating additional income. Tenants pay their own electric, water, and sewer, with...Excellent investment opportunity with three well-maintained buildings offering a total of 12 units (each 2 bed/1 bath). Currently 8 of the 12 units occupied, providing immediate income with room to increase returns. Major updates include new roofs in 2024, 9 water heaters only 3 years old, and 11 units featuring updated flooring, paint, and bathroom renovations. Each building offers a coin-operated washer and dryer, generating additional income. Tenants pay their own electric, water, and sewer, with owner covering utilities for common and laundry areas. Current rents range from $500–$575, presenting solid upside potential for savvy investors. A rare chance to acquire a stabilized, improved multi-building complex with value-add opportunities still available!
  1. Listed by Jeremy Farlow • Farlow Real Estate Experts

Property Details for 223 South F Street

Parking Total
12.0
Subdivision Name
None
LISTING UPDATED: 12/30/2025 10:58 AM

Property Details for 223 South F Street

StatusPending Continue To Show
MLS #CA1040903
Days on Market20
Taxes$11,704 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Residential Income
Year Built1996
Lot Size0.92 AC / 40,075 SF
CountyHancock County

Location

Listing Courtesy of Farlow Real Estate Experts
Add your commute

Building Information for 223 South F Street

Stories-Residences12Year Built1996Building Size-Lot Size0.92 AC / 40,075 SF

Payment Calculator

$2,827 per month

30 year fixed, 6.15% Interest

Principal and Interest

$1,852

Property Taxes

$975

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 223 South F Street

Summary
Location and General Information
  • City: La Harpe
  • County Or Parish: Hancock
  • Directions: Driving East into La Harpe on W Main Street, turn right on S F Street. Properties on left.
  • Latitude: 40.582091
  • Longitude: -90.977479
  • MLSArea Minor: Other
  • Postal Code: 61450
  • State Or Province: IL
Taxes and HOA Information
  • Additional Parcels Description: 06-21-000-120
  • Parcel Number: 06-21-000-121
  • Tax Annual Amount: $11,704
  • Tax Legal Description: S21 T7 R5 CAMPBELLS ADD LOT 5 BLK 1 LA HARPE (and) ADD N 75.15' OF LOT 6 BLK 1 LA HARP
  • Tax Year: 2024
School Information
  • High School: Illini West
Parking
  • Parking Features: Assigned
Property
Lot Information
  • Structure Type: Apartment Building
  • Building Area Total: 10296.0
  • Lot Features: Level
  • Lot Size Acres: 0.92
  • Lot Size Dimensions: 252x162
  • Number Of Units Total: 12
  • 100 Year Plain: Unknown
Property and Assessments
  • Documents Available: None Available
  • New Construction: No
  • Year Built: 1996
Utilities
  • Number Of Electric Meters: 15
  • Number Of Gas Meters: 0
  • Numberof Water Meters: 15
  • Water Sewer Expense: $1,980
  • Water Source: Public Sewer, Public
Interior and Exterior Features
Exterior Features
  • Roof: Shingle
  • Construction Materials: Vinyl Siding
Interior Features
  • Basement: Finished, Full
  • Heating: Electric
  • Number Of Central Air Units: 0
  • Number Of Heating Units: 15
  • Number Of Water Heaters: 15
  • Operating Recording Device: None
Multi Family
Income & Expenses
  • Electric Expense: $6,541
  • Gross Income: $80,300
  • Gross Scheduled Income: $79,200
  • Insurance Expense: $3,877
  • Maintenance Expense: $2,940
  • Manager Expense: $8,000
  • Net Operating Income: $43,240
  • Operating Expense: $25,356
  • Advertising Expense: 0
  • Gas Expense: 0
  • Misc Annual Income: 1100
  • Trash Expense: $2,018
Unit 1
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 1
  • Number Uncovered: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
Unit 2
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 1
  • Number Uncovered: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
Unit 3
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 1
  • Number Uncovered: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 3
Unit 4
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 1
  • Number Uncovered: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 4

Property History for 223 South F Street

DateEvent & SourcePriceAppreciation
Dec 30, 2025

In Contract

RMLS ALLIANCE #CA1040903

Dec 18, 2025

Temporarily Off Market

MRED #1040903

Dec 10, 2025

Listed (Active)

RMLS ALLIANCE #CA1040903

$380,000
Dec 10, 2025

Listed (Active)

MRED #1040903

$380,000
Oct 13, 2025

Expired

RMLS ALLIANCE #CA1036405

$449,900
May 13, 2025

Listed (Active)

RMLS ALLIANCE #CA1036405

$475,000
DateEvent & SourcePrice
12/30/2025

In Contract

RMLS ALLIANCE #CA1040903

12/18/2025

Temporarily Off Market

MRED #1040903

12/10/2025

Listed (Active)

RMLS ALLIANCE #CA1040903

$380,000
12/10/2025

Listed (Active)

MRED #1040903

$380,000
10/13/2025

Expired

RMLS ALLIANCE #CA1036405

$449,900
05/13/2025

Listed (Active)

RMLS ALLIANCE #CA1036405

$475,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 223 South F Street

This home is within Illini West H School District 307.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Rating
School
Distance
La Harpe Elementary School
PublicPK to 8

Illini West High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Farlow Real Estate Experts

Based on information submitted to the MLS GRID as of 12/30/2025 10:58 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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. Properties displayed may be listed or sold by various participants in the MLS. 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. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.