740 E Shore Dr #8, Pekin, IL, 61554
About This Home
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.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1966
Materials
- Foundation: Block
- Roof: Shingle
- Construction materials: Wood Siding
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Dryer,Range,Refrigerator,Washer,Water Heater
- Laundry features: Private
Basement
- Basement: None
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 2
Heating & Cooling
- Heating features: Forced Air
- Cooling features: Central Air
Interior Area
- Total structure area: 7,680
- Total interior livable area: 7,680 sqft
Property
Details
- Parcel number: 041001311015
Lot
- Lot size: 0.64 Acres
- Features: Cul-De-Sac
- Lot size dimensions: 63 x 160 x 139 x 41 x 138
Parking
- Total spaces: 12
- Parking features: Parking Pad
- Has uncovered spaces: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Strong Wind
- Tornado
- Winter Weather
- Hail
- Heat Wave
- Inland Flooding
- Ice Storm
- Lightning
How This Home’s Risks Compare
FEMA Declared Disasters Across Illinois Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $3,412 | $40,944 |
| Home Insurance * | $725 | $8,700 |
| Property Taxes | $1,113 | $13,356 |
| Electricity | $590 | $7,088 |
| Total | $5,840 | $70,080 |
Income You'd Need if You Spent...
Illinois FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2025-10-23 | Price change | $674,900 |
| 2025-10-02 | Price change | $679,900 |
| 2025-06-25 | Listed for sale | $699,900 |
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