221 S Mill Street, Pontiac, IL 61764
Description
Excellent Investment Opportunity – 6-Unit Multifamily Property Don’t miss this strong cash-flowing investment property featuring 6 total units, including 3 one-bedroom apartments and 3 studio apartments. This well-maintained building offers an attractive opportunity for both new and experienced investors looking to start or expand their rental portfolio. Recent improvements include refreshed common hallways, a new furnace (2021), new water heater (2022), as well as vinyl siding and replacement windows. Tenants enjoy the convenience of an on-site laundry room with coin-operated machines, providing an additional income stream for ownership. Units 1, 3, 4, and 6 have been recently updated, and the photos reflect their condition prior to being re-leased. Units 2 and 5 have been occupied by long-term tenants for more than four years and were refreshed before their current occupancy. Featuring efficient, easy-to-rent floor plans and solid rental history, this property is a great addition to any investment portfolio. Whether you’re looking for your first multifamily investment or your next income-producing asset, this opportunity deserves a closer look.
- Listing Courtesy of: Judy Powell Realty
Details
Updated on June 28, 2026 at 12:58 am-
Property ID MRD12669430
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Price $229,000
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Year Built 1871
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Property Type Multi Family
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Property Status Active
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Parcel Number 151522451019
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Water Source Municipal Water
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MLS Status Active
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Days On Market 20
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Cumulative Days On Market 7
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Tax Annual Amount 3195
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Cooling Window Unit(s)
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Directions Mill Street South of downtown, across the river 1st house on the right.
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StoriesTotal 2
Address
Open on Google Maps- Address 221 S Mill Street
- City Pontiac
- State/county IL
- Zip/Postal Code 61764
- Country United States
Overview
- Multi Family
- 1871
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