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1231 ILLINOIS AVENUE

Multi-family Active With Contract
$590,000

BTC: 9.21875000

ETH: 331.46067416

-$30K (2026/05/13)
31 days
6 bds
1,820 sqft

Overview

Under contract-accepting backup offers. Prime Downtown Palm Harbor Duplex Property: Each unit: 3 beds, 2 full baths, attached garages. Condition Excellent: New roof (2024). new hot water heater (2026) newer A/C 2020 One unit fully updated and vacant — ready for immediate occupancy and rent increase to $2,600+/month. Income potential: Unit A (updated renovated, vacant) — $2,600+ Unit B at this time on month to month at $1,800 month. Parking for 6 cars. Highlights: Walkable or Golfcart downtown location with shops, restaurants, and marina access Strong rental demand in Palm Harbor; popular with professionals and small families Low-maintenance recent roof replacement (2025)plus much more Separate garages and full 3BR / 2 full bath layouts in both units “*Freshly renovated unit — move-in ready” Charming downtown with boutique shops, cafés, and waterfront parks. Close to the Pinellas Trail, local marinas, and easy access to major roads for Tampa/St. Pete commutes. Attracts renters seeking small-town coastal lifestyle with nearby amenities and good schools. *Next door duplex unit also possible available both units sit on 4 lots.*

Location

Florida • PALM HARBOR • 34683 • Multi-family • Active With Contract

Details

Type:
Residential Income
Parking:
No Data
Year Built:
1985
Lot:
0.13 Acres
Heating:
Central
Price/sqft:
$324
Cooling:
Central Air
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$359,000
$350K – $510K
Confidence Low
List vs. estimate
$231K above estimate
List $590,000 · +64.3%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$324
Based on
5 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Garage
2 car garage
All facts and features

  • Flooring

    • Laminate

    Heating

    • Central

    Cooling

    • Central Air

    Other interior features

    • Ceiling Fan(s)

    • Eating Space In Kitchen

    • Kitchen/Family Room Combo

    • Other

    • Primary Bedroom Main Floor

    • Solid Surface Counters

    Bedrooms and bathrooms

    • Bedrooms: 6

  • Property

    • Levels: One

    • Exterior Features: Other

    Lot

    • Lot: 0.13 Acres

    Other Property Information

    • Parcel Number: 012815885601271300

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Duplex

  • Utility

    • Cable Available

    • Electricity Connected

    • Sewer Connected

    • Water Connected

  • Source details

    • MLS ID: TB8503172

    Other facts

    • Construction Materials: Vinyl Siding

    • Foundation Details: Slab

    • Laundry Features: Inside

    • Window Features: Blinds

    • Garage Spaces: 2

    • Attached Garage: Yes

    • Garage: Yes

    • Living Area: 1820

    • Water Source: Public

    • Subdivision Name: SUTHERLAND TOWN OF

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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Market around this address

Live counts in the same area.
View all
This zip
34683
212
median $467K
Active
Same city
PALM HARBOR
528
median $377K
Active
Same type
Multi-family
—
Active
Similar price
$413K – $767K
167
median $560K
Active

The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: FUTURE HOME REALTY INC