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101 W Richardson Street, Farmer City, IL 61842

$115,000
  • 101 W Richardson Street, Farmer City, IL 61842 Main Photo

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Contingent
BEDS4 BATHS2 full MLS#12493120
STATUSContingent PROPERTY TYPEMulti Unit - Multiple SCHOOLDistrict 18

Property Description

Searching for a turn-key investment property with dependable income potential? This well-maintained duplex is a fantastic opportunity for both seasoned investors and those looking to grow their portfolio. With a strong rental history and consistently easy-to-rent units, this property is set up for immediate cash flow from day one. Major updates include a newer roof installed in 2024, offering added value and peace of mind for years to come. One unit features newer wood flooring, while both kitchens are finished with durable tile flooring and have been exceptionally well-maintained. One of the units has also been thoughtfully updated with oak kitchen cabinetry, newer countertops, sink, faucets, and updated bathroom fixtures, creating an attractive and comfortable living space for tenants. All kitchen appliances stay with the property, and each unit is separately metered for utilities. The property features baseboard heat and window air conditioning units, helping keep maintenance simple and efficient. Tenants are responsible for mowing and trash service, making this an even more appealing low-maintenance investment. Dedicated gravel parking is available for each unit for added convenience. Unit 101 currently rents for $550 per month and is leased through January 2028, providing long-term stability. Unit 101 1/2 rents for $650 per month, adding to the property's steady income stream. Whether you are looking to expand your investment portfolio or purchase your first income-producing property, this duplex is a smart opportunity with reliable rental income already in place.

101 W Richardson Street | MLS# 12493120

This multi-family property located at 101 W Richardson Street, Farmer City, IL 61842 is currently listed for sale with an asking price of $115,000. W Richardson Street is located within the District 18 school district. Search Farmer City real estate on www.dickersonnieman.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: None
Heating: Baseboard
Lot Size: 84 X 120
Taxes: $3,156
Year Built: 1978

Feature Descriptions

Exterior: Aluminum Siding, Masonite
Lot Dimensions: 84 X 120
Parcel#: 0528186004
Parking: Yes, Owned
Sewer: Public Sewer
Total Rooms: 12
Township: Farmer City
Water: Public

Local Schools

High School: Blue Ridge High School
Middle School: Blue Ridge Junior High School
Elementary School: Schneider Elementary School
School District: District 18

Listed By / Shown By

Listed By

Agency Name: The Real Estate Group,Inc
Agency Phone: 217-607-2634

Shown By

Agency Title: Dickerson & Nieman Realtors
Agency Phone: 815-227-5900

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Estimated Payment

$ 552.48 per month $255.94 Principal & Interest $263.00 Property Tax $33.54 Homeowner's Insurance

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