BEDS2
BATHS1 full
MLS#12740326
STATUSNew
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONNot Applicable
SCHOOLDistrict 90
Property Description
This multi-family investment property sits on a large corner lot and offers exceptional opportunity. The downstairs unit is currently rented at $1,200/month plus all utilities and features two bedrooms, two living rooms, a kitchen, and a covered back patio. The upstairs has been fully gutted and is ready for renovation, allowing the next owner to add value. Two garages have been built: a 24x24 garage with a standard two-car door and a 26x36 garage with a 10-foot two-car door. The property also includes solar panels that runs all three buildings and will be turned on soon. They are leased at $70/month for 25 years, providing approximately 125% of the typical energy usage. City approval is in place to tear down the structure and build a duplex, offering even more potential. A prime opportunity awaits!
Property Features
Property Type: Multi Unit - Multiple
Basement: Unfinished, Full
Basement: Yes
Garage: 6
Heating: Natural Gas
Home Style: Traditional
Lot Size: 0.32 Acres
Roof Type: Asphalt
Taxes: $2,959
Year Built: 1903
Feature Descriptions
Additional Structures: RV/Boat Storage, Second Garage, Garage(s)
Exterior: Shake Siding
Lot: Corner Lot
Lot Dimensions: 100 x 140
Parcel#: 151527128004
Parking: Garage Door Opener, Garage, Yes, Garage Owned, Detached, Off Street, Driveway, Owned
Sewer: Public Sewer
Total Rooms: 5
Township: Pontiac
Water: Public
Local Schools
High School: Pontiac High School
Middle School: Pontiac Junior High School
Elementary School: Attendance Centers
School District: District 90
Listed By / Shown By
Listed By
Agency Name: RE/MAX Rising
Agency Phone: 309-340-1000
Shown By
Agent Name: Tina Tendall & Amanda Clark
Agent Phone: (815) 621-3063
Agency Title: Gambino Realtors
Estimate Your Payment
Estimated Payment
$ 826.66 per month $545.08 Principal & Interest $246.58 Property Tax $35.00 Homeowner's InsuranceChange Payment Information
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506 W Reynolds Street | MLS# 12740326
This multi-family property located at 506 W Reynolds Street , Pontiac, IL 61764 is currently listed for sale with an asking price of $120,000. W Reynolds Street is located within the District 90 school district. Search Pontiac real estate on tina-tendall-amanda-clark.gogambino.com today.