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$ 115,000
Est. payment /mo
Active Under Contract
101 W Richardson ST Farmer City, IL 61842
4 Beds
2 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 12493120
Bedrooms 4
Year Built 1978
Annual Tax Amount $3,156
Tax Year 2024
Lot Dimensions 84 X 120
Property Sub-Type Two to Four Units
Property 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. All 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.
Location
State IL
County Dewitt
Area Farmer City
Rooms
Basement None
Interior
Heating Baseboard
Fireplace N
Building
Dwelling Type Two to Four Units
Building Description Aluminum Siding,Masonite, No
Sewer Public Sewer
Water Public
Structure Type Aluminum Siding,Masonite
New Construction false
Schools
Elementary Schools Schneider Elementary School
Middle Schools Blue Ridge Junior High School
High Schools Blue Ridge High School
School District 18 , 18, 18
Others
Ownership Fee Simple
Special Listing Condition None
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Carol Meinhart of The Real Estate Group,Inc
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