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400 S Franklin Street, 
Greenup, IL 62428

$525,000


Bed


Bath


-

Sq Ft


Multi-Family

Active

Listed by

Blake Mcwilliams

Keller Williams-Trec

217-356-6100

Last updated:

January 15, 2026, 04:45 PM

MLS#

6255667

Source:

IL CIBOR

About This Home

400 S Franklin Street

This income-producing property features 3 two-story buildings with four units each, offering a total of twelve apartments. Each building includes central open stairs leading to the second floor and coin-operated laundry facilities on the main level. The units are heated by baseboard electric radiant systems, and air conditioning is provided through wall units, making the property highly economical to operate. The site offers a concrete parking lot, handicap-accessible ramps, and a visually appealing setting surrounded by mature trees. Each building features low-maintenance veneer brick and metal siding, and brand-new metal roofs were installed between 2022-2023. The property boasts one of the lowest operating cost ratios and real estate tax rates in the area. Five units have been recently updated with new flooring, refinished gray kitchen cabinets, and modern bathroom vanities. Located along US RT 40, the property benefits from strong visibility between Terre Haute and St. Louis.

Home Facts

Multi-Family

Built in 1982

Price Summary

525,000

MLS #:

6255667

Last Updated:

January 15, 2026, 04:45 PM

Added:

3 month(s) ago


Structure

Structure

Year Built:

1982


Lot

Lot Size (Sq. Ft):

43,560


Finances & Disclosures

Finances

Price:

$525,000

Source:IL CIBOR
The information being provided by Central Illinois Board Of REALTORS® Mls is for the consumer’s 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 information is deemed reliable but not guaranteed and should therefore be independently verified. © 2026 Central Illinois Board Of REALTORS® Mls All rights reserved.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.