400 S Franklin Street Greenup IL 62428 MLS #6255667

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.