213 W Walnut St

Watseka, IL 60970

$350,000
Price
Beds
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

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...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.
  1. Listed by Susan Fisher • Coldwell Banker Realty
  2. Listed by Sarah Powers • Coldwell Banker Realty

Property Details for 213 West Walnut Street

Area
Watseka
Township
Middleport
Num of Interior Fireplaces
0
Zoning
OTHER
LISTING UPDATED: 05/24/2025 04:58 PM

Property Details for 213 West Walnut Street

StatusActive
MLS #12296747
Days on Market110
Taxes$1,659 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1917
Lot Size0.07 AC / 3,225 SF
CountyIroquois County

Location

Listing Courtesy of Coldwell Banker Realty
Add your commute

Building Information for 213 West Walnut Street

Stories3Residences14Year Built1917Lot Size0.07 AC / 3,225 SF

Payment Calculator

$1,972 per month

30 year fixed, 6.845% Interest

Principal and Interest

$1,834

Property Taxes

$138

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 213 West Walnut Street

General Information
Addtl Parking Information
  • Outdoor Parking: 13-18 Spaces
Location and General Information
  • Frontage Type: City Street
  • Geographic Locale: Out of Area
  • Information: 24-Hr Notice Required,No Sign on Property
Taxes and HOA Information
  • Estimated Tax/Sf: 0.59
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Air, Window Unit(s)
  • Electric: Circuit Breakers
  • Flooring: Carpet, Vinyl
  • # Of Washers: 1
  • Heat/Ventilation: Central Bldg Heat,Electric,Forced Air
  • # Of Window/Ac: 15
  • # Of Refrigerators: 8
  • Misc Inside: Inside Corridor/s,Multi-Tenant,Private Restroom/s,Basement,Furnished Units Available,Laundry Room
  • # Of Dryers: 1
  • # Of Disposals: 0
  • # Of Dishwashers: 0
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 15
  • Misc Outside: Fire Escape,Satellite Dish,Security Lighting,Security System,Storms and Screens (as exist)
Utilities / Equipment
  • Water: Municipal Water
  • Utilities: Sewer Connected
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Air Conditioning, Other, Varies by Tenant
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 25X128.9X25X128.9
  • Lot Size Square Feet: 3225.0
  • Stories: 3
  • Construction: Brick, Wood
  • Roof Type: Membrane
  • Fire Protection: Alarm On Site,Fire Extinguisher/s
  • Roof Structure: Pitched,Wood Joists
  • Foundation Details: Block, Brick/Mortar
  • Building Area Total: 9375
  • # Of Offices: 1
  • Office SqFt: 150
  • Other SqFt: 3125
  • # Of Ranges: 1
  • # Of Stores: 0
  • Property Sub Type: Mixed Use
  • MRD_UNC: No
Property and Assessments
  • Possible Use: Commercial, Multi-Family
  • Buyer Financing: Conventional, Cash
  • Public Document Count: 1
  • Document Date: 2025-02-23T21:46:05
  • Photos Count: 22
Miscellaneous
  • Location: Central Business District,Mixed Use Area
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 14
Income & Expenses
  • Electric Expense: $7,116.00
  • Fuel Expense: $1,164.00
  • Gross Income: $118,698.00
  • Gross Scheduled Income: $118,698.00
  • Insurance Expense: $4,628.00
  • Electric Expense Source: Owner Projection
  • Expense Year: 2023
  • Total Annual Expense Source: Combination
  • Fuel Expense Source: Owner Projection
  • Insurance Expense Source: Actual
  • Other Expense Source: Broker Projection
  • Trash Expense Source: Owner Projection
  • Total Monthly Income: 9891
  • Water Expense Source: Owner Projection
  • Net Operating Income: $102,354.00
  • Operating Expense: $18,572.00
  • Other Expense: $6,000.00
  • Trash Expense: $1,284.00
  • Water Sewer Expense: $4,380.00

Property History for 213 West Walnut Street

DateEvent & SourcePriceAppreciation
May 17, 2025

Price Change

MRED #12296747

$350,000
May 11, 2025

Listed (Active)

MRED #12296747

$375,000
Mar 27, 2025

Temporarily Off Market

MRED #12296747

$375,000
Feb 23, 2025

Listed (Active)

MRED #12296747

$375,000
Dec 19, 2024

Expired

MRED #11355366

$375,000
Jun 27, 2024

Listed (Active)

MRED #11355366

$450,000
Jun 19, 2024

Expired

MRED #11355366

$375,000
Dec 20, 2023

Listed (Active)

MRED #11355366

$450,000
Dec 17, 2023

Expired

MRED #11355366

$390,000
Dec 27, 2022

Listed (Active)

MRED #11355366

$450,000
Mar 22, 2022

Cancelled

MRED #11248701

$475,000
Oct 17, 2021

Listed (Active)

MRED #11248701

$480,000
Sep 30, 2021

Expired

MRED #10964518

$480,000
Jan 7, 2021

Listed (Active)

MRED #10964518

$480,000
DateEvent & SourcePrice
05/17/2025

Price Change

MRED #12296747

$350,000
05/11/2025

Listed (Active)

MRED #12296747

$375,000
03/27/2025

Temporarily Off Market

MRED #12296747

$375,000
02/23/2025

Listed (Active)

MRED #12296747

$375,000
12/19/2024

Expired

MRED #11355366

$375,000
06/27/2024

Listed (Active)

MRED #11355366

$450,000
06/19/2024

Expired

MRED #11355366

$375,000
12/20/2023

Listed (Active)

MRED #11355366

$450,000
12/17/2023

Expired

MRED #11355366

$390,000
12/27/2022

Listed (Active)

MRED #11355366

$450,000
03/22/2022

Cancelled

MRED #11248701

$475,000
10/17/2021

Listed (Active)

MRED #11248701

$480,000
09/30/2021

Expired

MRED #10964518

$480,000
01/07/2021

Listed (Active)

MRED #10964518

$480,000

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

Public Records for 213 West Walnut Street

Taxable ValueLand$5,376Additions$10,952Total$16,328
Tax Record2023$1,726 ($144 / month)
Home Facts
StyleOffice BuildingCountyIROQUOISAPN19 32 452 007

Schools near 213 West Walnut Street

This home is within Iroquois County Community Unit School District 9.
Rating
School
Type
Grades
Distance
Public - PK to 1
Public - 6 to 8
Public - 9 to 12
Public - 1 to 5
Rating
School
Distance
Nettie Davis Elementary School
PublicPK to 1

Watseka Junior High School
Public6 to 8

Watseka Community High School
Public9 to 12

Glenn Raymond School
Public1 to 5

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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213 West Walnut Street is a mixed use property for sale in Watseka, IL 60970. This property was listed for sale on February 23, 2025 by Coldwell Banker Realty, it's currently listed at $350,000. This listing's school district is Iroquois County Community Unit School District 9. Nearby schools include Nettie Davis Elementary School, Watseka Junior High School and Watseka Community High School. 213 West Walnut Street is a 0-bed, 0-bath, mixed use property built in 1917.

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 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 Coldwell Banker Realty

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 05/24/2025 04:58 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.