Under Contract

101 W Richardson Street

Farmer City, IL 61842

$115,000 $484/Mo

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Overview

Bed

Bath

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. A ll 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.

Property Details

Property Type : Residential Income

Price : $115,000

AD Id : 68751524

MLS Id : MRD12493120

Beds : 4

Year Built : 1978

County : DeWitt

Map

Features

Bedroom Information

Total Bedroom: 4

Bathroom Information

Total Baths: 2

Room Information

Rooms Total: 12
Flooring Information

Construction Materials: Aluminum Siding, Masonite
Heating & Cooling

Heating: Baseboard WaterSource: Public

Building Information

Year Built: 1978

Lot Information

Lot Dimensions: 84 X 120 Lot Size: Less Than .25 Acre

Property Information

Property Type: Residential Income Sub Type: Two to Four Units

Listing Price Information

Original List Price:$115000

Tax Information

Annual Tax: $3156 Tax Year: 2024 Parcel Number: 0528186004 Tax Exemption: None

Parking Information

Total Parking: 4 Yes, Owned Is Parking Included in Price: Yes

School Information

Elementary School: Schneider Elementary School Junior High School: Blue Ridge Junior High School Senior High School: Blue Ridge High School
Utility Information

Sewer: Public Sewer Water Source: Public
Location Information

City: Farmer City Direction: Take exit 159 off of 74, head into Farmer City, take a right at Main Street, left on Richardson.

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ByOwner last updated this listing 06/23/2026 @ 06:20

MLS: MRED #12493120 LISTED BY: Carol Meinhart, The Real Estate Group,Inc 217-607-2634 SOURCE: Midwest Real Estate Data LLC (MRED) (Listings courtesy of Midwest Real Estate Data LLC (MRED) as distributed by MLS GRID)