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1603 Market St, Pekin, IL, 61554

0beds
2baths
4,032sqft
$125,000
$31price/sqft
$1,282/moest. monthly cost
$51,280/yrincome needed

About This Home

Currently set up as church - open plan with some offices/classrooms that could be used as bedrooms. Two half baths off entry way. Approx 25 parking spaces. 2016 sf on main floor & 2016 sf fully finished basement for total of 4032 sqft usable space. Could be a variety of usages! This building would be wonderful for a small business, rehab center, therapy facility, pre-school, private school... use your imagination! Property currently zoned R4. Please verify with zoning that your desired usage for the building is possible House next door listed (see MLS #PA1264101) was used as parsonage but sold separately or with building.

Getting Around

72
WalkingVery Walkable
0
TransitVery Limited Transit
67
BikeBikeable

Schools

5/10
Willow Elementary SchoolGrades K-30.6 mi
4/10
4/10

Construction

Condition

  • Year built: 1968

Materials

  • Roof: Shingle
  • Construction materials: Vinyl Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Ranch
  • Property subType: Single Family Residence,Residential

Interior

Basement

  • Has basement: Yes
  • Basement: Finished,Full

Bedroom1

  • Level: Main

Bedrooms & Bathrooms

  • Bathrooms: 2
  • 1/2 bathrooms: 2

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 2,016
  • Total interior livable area: 4,032 sqft

Kitchen

  • Level: Basement
  • Dimensions: 13ft 9in x 15ft 2in

Main Level

  • Area: 2016

Other

  • Area: 2016

Property

Details

  • Parcel number: 040435441013

Lot

  • Lot size: 0.28 Acres
  • Features: Level
  • Lot size dimensions: 113.5 x 107

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
    Cold WaveVery High
  • Heat Wave
    Heat WaveRelatively High
  • Lightning
    LightningRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Tornado
    TornadoRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Hail
    HailModerate
  • Inland Flooding
    Inland FloodingModerate
  • Ice Storm
    Ice StormModerate

How This Home’s Risks Compare

Cold Wave
Heat Wave
Lightning
Strong Wind
Tornado
Winter Weather
Hail
Inland Flooding
Ice Storm

FEMA Declared Disasters Across Illinois Counties

Flood
Other
Severe Storm
Straight Line Winds
Tornado

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

MonthlyAnnual
Mortgage $632$7,584
Home Insurance *$134$1,608
Property Taxes $206$2,472
Electricity $310$3,721
Total$1,282$15,384
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$43,954/yr
40% on housing$38,460/yr
45% on housing$34,186/yr

Illinois FAIR Plan Programs

Illinois FAIR Plan Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,961Commercial: 62
Total Premiums$4.35M
Total Exposure$370.02M

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.

Insurance Growth Rate5-year average: 12.5%
12.5%
0%30.0%
Electricity Growth Rate10-year average: 5.5%
5.5%
0%15.0%
Property Taxes Growth Rate2-year average: -1.5%
-1.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$31This listing

vs Other Active Listings

Avg $/sqft

ZIP 61554$90
Tazewell County$104

vs Homes Sold Last Month

Median $/sqft

ZIP 61554$100
Tazewell County$106

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

DateEventPrice
2026-02-26Listed for sale$125,000

For Sale by Agent

AgentMarilyn R Kohn
BrokerageRE/MAX Traders Unlimited

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