506 W Reynolds Street
Pontiac, IL 61764
2
Bed
1
Bath
0.32Acre(Lot)
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 opportuni
Property Details
Map
Map
Features
-
Bedroom Information
Total Bedroom: 2Bathroom Information
Total Baths: 1Room Information
Rooms Total: 5Interior Features
Roof: AsphaltRoofing Information
Asphalt -
Flooring Information
Construction Materials: Shake Siding -
Heating & Cooling
Heating: Natural Gas WaterSource: Public
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Building Information
Year Built: 1903
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Lot Information
Lot Dimensions: 100 x 140 Lot Description: Corner Lot Lot Acres: 0.32 Lot Size: .25-.49 AcreProperty Information
Property Type: Residential Income Style: Traditional Sub Type: Two to Four Units
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Listing Price Information
Original List Price:$120000
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Tax Information
Annual Tax: $2959.26 Tax Year: 2025 Parcel Number: 151527128004 Tax Exemption: None
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Parking Information
Total Parking: 10 Garage Door Opener, Garage, Yes, Garage Owned, Detached, Off Street, Driveway, Owned Is Parking Included in Price: YesGarage Information
Garage Space: 6
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School Information
Elementary School: Attendance Centers Junior High School: Pontiac Junior High School Senior High School: Pontiac High School -
Utility Information
Sewer: Public Sewer Water Source: Public -
Location Information
Subdivision: Not Applicable City: Pontiac Direction: From I55 take Exit 197 and go east into Pontiac. Continue on Reynolds St. and head east over the RR tracks. Drive 3 blocks and house is on the south side of the street.
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 118 E Diller Street, Pontiac, IL, 61764 | $99,500 | 2 | 1 | 864 | 864 SqFt |
| 20042 N 2500 East Road, Pontiac, IL, 61764 | $149,900 | 4 | 1 | 1,648 | 1,648 SqFt |
| 516 E Payson Street, Pontiac, IL, 61764 | $109,900 | 3 | 1 | 1,080 | 1,080 SqFt |
| 420 W Bennett Street, Pontiac, IL, 61764 | $169,900 | 1 | 2 | 3,405 | 3,405 SqFt |
| 529 E Timber Street, Pontiac, IL, 61764 | $165,000 | 3 | 2 | 1,288 | 1,288 SqFt |
| 829 S Locust Street, Pontiac, IL, 61764 | $189,000 | 3 | 2 | 1,350 | 1,350 SqFt |
| 24614 E 1900 North Road, Pontiac, IL, 61764 | $199,900 | 4 | 4 | 1,825 | 1,825 SqFt |
| 1300 N Motorola Drive, Pontiac, IL, 61764 | $169,900 | 5 | 2 | 1,191 | 1,191 SqFt |
| 808 N Mohave Drive, Pontiac, IL, 61764 | $274,900 | 4 | 2 | 1,872 | 1,872 SqFt |
| 521 W Water Street, Pontiac, IL, 61764 | $200,000 | 5 | 2 | 1,976 | 1,976 SqFt |
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ByOwner last updated this listing 08/24/2026 @ 18:20
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