221 S Mill Street, Pontiac, IL

$219,000

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About 221 S Mill Street

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.

Features of 221 S Mill Street

MLS® # 12669430
Price $219,000
Bathrooms 0.00
Year Built 1871
Type Commercial Sale
Sub-Type Multi Family 5+
Status Active

Community Information

Address 221 S Mill Street
Area Pontiac
City Pontiac
County Livingston
State IL
Zip Code 61764

Amenities

Is Waterfront No
Has Pool No

Interior

Cooling Window Unit(s)
Fireplace No
Has Basement Yes
Basement Unfinished, Crawl Space

Exterior

Exterior Vinyl Siding
Roof Composition
Foundation Concrete Perimeter

Additional Information

Days on Market 60
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeJudy Powell Realty

Listing Map

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