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412 & 414 S Locust Street, 
Delavan, IL 61734

$279,900


Bed


Bath


7,000

Sq Ft


Multi-Family

Pending

Listed by

Justin Ball

Jessica Ball

RE/MAX Traders Unlimited

309-687-5000

Last updated:

December 14, 2025, 08:15 PM

MLS#

PA1261554

Source:

IL CAAR

About This Home

412 & 414 S Locust Street

Excellent opportunity to own a historic building on the square downtown in Delavan. This investment property consists of two retail spaces and one apartment on the main level, and 3 apartments on the upper level of the building. New carports were put in to provide spaces for each unit. All four apartments are currently leased and both retail spaces are currently leased. There is one space still available that the current owners are using for storage that could be added to either retail unit. The building has been well cared for, updated and incldues a common laundry room. Current rents are $3,450 per month. Recent improvements include new downspouts/gutters, front foundation and facade (2020), roof was repaired and resealed in 2024, and many windows have been replaced. Dual entry in CMLS as PA1261454.

Home Facts

Multi-Family

Built in 1891

Price Summary

279,900

$39 per Sq. Ft.

MLS #:

PA1261554

Last Updated:

December 14, 2025, 08:15 PM

Added:

2 month(s) ago


Rooms & Interior

Interior

Living Area:

7,000 Sq. Ft.


Structure

Structure

Building Area:

7,000 Sq. Ft.

Year Built:

1891


Finances & Disclosures

Finances

Price:

$279,900

Price per Sq. Ft:

$39 per Sq. Ft.

Source:IL CAAR
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