707 E Dixon Street, Polo, IL
  • $359,000

Description

Investment Opportunity – Well-Maintained 5-Unit Brick Apartment Building! Excellent income-producing opportunity with a strong long-term rental history. This solid brick 5-unit apartment building features three spacious 2-bedroom units and two 1-bedroom units, providing a desirable unit mix for tenants. All apartments are currently rented. The property includes 6 garage spaces, with each tenant having access to a garage, plus an additional garage and storage area that can be utilized by the owner or rented for additional income. Tenants enjoy a large shared courtyard, on-site coin-operated laundry, and ample outdoor space on this 1.5 acre property. Utilities are tenant-friendly, with electricity paid by tenants, while the owner covers water, sewer, and garbage expenses. The roof was replaced approximately 10 years ago, adding to the property’s overall appeal and value. Whether you’re expanding your investment portfolio or seeking a stable, income-generating property, this well-maintained apartment building offers consistent rental demand and excellent upside potential.

  • Listing Courtesy of: Heartland Realty 11 LLC

Details

Updated on June 27, 2026 at 10:38 pm
  • Property ID MRD12673136
  • Price $359,000
  • Land Area 1.5 Acres
  • Property Type Multi Family
  • Property Status Active
  • Parcel Number 14151010050000
  • Water Source Municipal Water
  • MLS Status Active
  • Days On Market 18
  • Living Area 1.5
  • Cumulative Days On Market 11
  • Tax Annual Amount 8134.66
  • Cooling Central Air
  • Directions From N Division Ave (IL Route 26), East on E Dixon St to property.
  • StoriesTotal 1
  • Address 707 E Dixon Street
  • City Polo
  • State/county IL
  • Zip/Postal Code 61064
  • Country United States

Overview

Property ID: MRD12673136
  • Multi Family
  • Property Type

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