2 Michael Street , Streator, IL 61364

$1,225,000
  • 2 Michael Street , Streator, IL 61364 Main Photo

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New to the Market New
BEDS0 BATHS MLS#12647581
STATUSNew PROPERTY TYPEMulti Unit - Multiple

Property Description

Excellent investment opportunity on Streator's desirable north side, conveniently located near popular dining, shopping, banking, recreational, and entertainment destinations. This well-maintained multifamily package features two solid brick buildings with 8 units each, offering a total of 16 units with a strong rental history and excellent reputation among tenants. The property includes spacious 1- and 2-bedroom units, each with large private storage rooms. Ownership has consistently maintained and updated the buildings throughout the years, making this a turnkey investment with long-term appeal. Additional amenities include four coin-operated laundry rooms (two washers and dryers per building), ample off-street parking, and attractive brick construction with strong curb appeal. A proven income-producing property with excellent tenant demand and upside potential.

2 Michael Street | MLS# 12647581

This multi-family property located at 2 Michael Street , Streator, IL 61364 is currently listed for sale with an asking price of $1,225,000. Search Streator real estate on www.dickersonnieman.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Central Air, Central Individual
Lot Size: 78.5X120X35X100
Roof Type: Composition
Stories: 2.0
Taxes: $19,451
Year Built: 1982

Feature Descriptions

Current Use: Multi-Family
Drains: Security Lighting, Storms and Screens (as exist)
Electric: Circuit Breakers, Separate Meters, Service - 0 to 100 Amps
Exterior: Brick, Wood
Foundation: Concrete Perimeter
Frontage Type: City Street, Easement
HVAC: Electric, Baseboard, Separate Per Unit
Lot Dimensions: 78.5X120X35X100
Miscellaneous Indoor: Inside Corridor/s, Laundry Room
Miscellaneous Outdoor: Security Lighting, Storms and Screens (as exist)
Parcel#: 3323214012
Potential Use: Commercial, Condominium, Multi-Family
Tenant Pays: Electricity
Units: 16
Utilities: Sewer Connected

Listed By / Shown By

Listed By

Agency Name: BHHS Central Illinois, REALTORS

Shown By

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

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Estimated Payment

$ 4,704.53 per month $2,726.32 Principal & Interest $1,620.92 Property Tax $357.29 Homeowner's Insurance

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