740 E Shore Dr, Unit 8

Baths
7,680 Sq. Ft.
$88 / Sq. Ft.
7,680
Sq. Ft.
$88
per Sq. Ft.

Description

We are pleased to offer for sale this well-maintained 8-unit apartment building, each unit featuring 2 bedrooms, located in a sought-after area near Lake Arlann. The property boasts beautiful lake views and a quiet, residential setting—ideal for long-term tenants. This offering presents a rare opportunity to acquire a stabilized asset in a tranquil and attractive location, with potential for increased rental income. Each unit includes in-apartment laundry.We are pleased to offer for sale this well-maintained 8-unit apartment building, each unit featuring 2 bedrooms, located in a sought-after area near Lake Arlann. The property boasts beautiful lake views and a quiet, residential setting—ideal for long-term tenants. This offering presents a rare opportunity to acquire a stabilized asset in a tranquil and attractive location, with potential for increased rental income. Each unit includes in-apartment laundry.

Property Details for 740 East Shore Drive, Unit 8

Parking Total
12.0
Subdivision Name
Other
LISTING UPDATED: 01/04/2026 02:01 PM

Property Details for 740 East Shore Drive, Unit 8

StatusActive
MLS #PA1258917
Days on Market244
Taxes$11,313 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Residential Income
Year Built1966
Lot Size0.64 AC / 27,834 SF
CountyTazewell County

Location

Listing Courtesy of R & R Realty
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Building Information for 740 East Shore Drive, Unit 8

Stories-Residences8Year Built1966Building Size-Lot Size0.64 AC / 27,834 SF

Payment Calculator

$4,232 per month

30 year fixed, 6.15% Interest

Principal and Interest

$3,289

Property Taxes

$943

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 740 East Shore Drive, Unit 8

Summary
Location and General Information
  • City: Pekin
  • County Or Parish: Tazewell
  • Directions: Court St. to East Shore Dr.
  • Latitude: 40.556407
  • Longitude: -89.621523
  • MLSArea Minor: PAAR Area
  • Postal Code: 61554
  • State Or Province: IL
Taxes and HOA Information
  • Parcel Number: 04-10-01-311-015
  • Tax Annual Amount: $11,313
  • Tax Legal Description: N. 42.93 of Lot 7 & All of Lot 8 East Shore Villas
  • Tax Year: 2024
School Information
  • High School: Pekin Community
Parking
  • Parking Features: Parking Pad
Property
Lot Information
  • Structure Type: Two or More Story
  • Building Area Total: 7680.0
  • Lot Features: Cul-De-Sac
  • Lot Size Acres: 0.639
  • Lot Size Dimensions: 63x160x139x41x138
  • Number Of Units Total: 8
  • 100 Year Plain: Unknown
  • Road Surface Type: Paved
Property and Assessments
  • Documents Available: None Available
  • Foundation Details: Block
  • New Construction: No
  • Year Built: 1966
Utilities
  • Number Of Electric Meters: 8
  • Number Of Gas Meters: 8
  • Numberof Water Meters: 1
  • Water Sewer Expense: $1,200
  • Water Source: Public Sewer, Public
Interior and Exterior Features
Exterior Features
  • Roof: Shingle
  • Construction Materials: Wood Siding
Interior Features
  • Basement: None
  • Cooling: Central Air
  • Heating: Forced Air
  • Laundry Features: Private
  • Number Of Central Air Units: 8
  • Number Of Dryers: 8
  • Number Of Heating Units: 8
  • Number Of Ranges: 8
  • Numberof Refrigerators: 8
  • Number Of Washers: 8
  • Number Of Water Heaters: 8
  • Operating Recording Device: None
Multi Family
Income & Expenses
  • Electric Expense: $0
  • Gross Income: $74,100
  • Gross Scheduled Income: $74,100
  • Insurance Expense: $2,500
  • Maintenance Expense: $0
  • Manager Expense: $0
  • Net Operating Income: $57,887
  • Operating Expense: $4,900
  • Advertising Expense: 0
  • Gas Expense: 0
  • Misc Annual Income: 0
  • Trash Expense: $1,200
Unit 1
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 2
  • Number Uncovered: 2
  • 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: 2
  • Number Uncovered: 2
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
Rental
Rent Information
  • Tenant Pays: All Utilities
  • Annual Vacancy Factor: 0

Property History for 740 East Shore Drive, Unit 8

DateEvent & SourcePriceAppreciation
Dec 18, 2025

Temporarily Off Market

MRED #1258917

Dec 17, 2025

Price Change

MRED #1258917

$674,900
Jun 25, 2025

Listed (Active)

MRED #1258917

$699,900
Jun 25, 2025

Listed (Active)

RMLS ALLIANCE #PA1258917

$699,900
DateEvent & SourcePrice
12/18/2025

Temporarily Off Market

MRED #1258917

12/17/2025

Price Change

MRED #1258917

$674,900
06/25/2025

Listed (Active)

MRED #1258917

$699,900
06/25/2025

Listed (Active)

RMLS ALLIANCE #PA1258917

$699,900

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

Schools near 740 East Shore Drive, Unit 8

This home is within Pekin Community School District 303.
Rating
School
Type
Grades
Distance
Public - K to 3
Public - 4 to 6
Public - 7 to 8
Public - 9 to 12
Rating
School
Distance
Dirksen Elementary School
PublicK to 3

Wilson Intermediate School
Public4 to 6

Broadmoor Junior High School
Public7 to 8

Pekin Community 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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740 East Shore Drive, Unit 8 is a multi-family home for sale in Pekin, IL 61554. This property was listed for sale on June 25, 2025 by R & R Realty, it's currently listed at $674,900. This listing's school districts are Pekin Public School District 108 School District, Pekin Community School District 303. Nearby schools include Dirksen Elementary School, Wilson Intermediate School and Broadmoor Junior High School. 740 East Shore Drive, Unit 8 is a 0-bed, 0-bath, 7,680 sqft multi-family home built in 1966.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of R & R Realty

Based on information submitted to the MLS GRID as of 01/04/2026 02:01 PM. 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.