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    101 W Richardson St Farmer City, IL 61842

    For Sale
    $115,000

    Residential Income - Farmer City, IL

    Days on Market:
    32
    Last Refresh:
    Dec 11 at 2:06 am

    Property Features for 101 W Richardson St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Bedrooms
    4
    APN
    0528186004
    Parking
    4

    Utilities

    Heating system
    Baseboard

    Building Details

    Year built
    1978
    Architectural style
    Other

    The Real Estate Group LLC (217) 898-9204 [email protected]

    Listing agent Carol Meinhart (217) 898-9204 License #475127814

    Listing date Nov 10, 2025

    MLS# 12493120 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Turn-Key Duplex Investment Opportunity

    This well-maintained duplex in Farmer City, IL, presents a turn-key investment opportunity with a solid rental history and easy-to-rent units. A new roof was installed in 2023. One side of the duplex features newer wood flooring. Both kitchens are nicely maintained and feature tile flooring. One unit includes oak kitchen cabinets, countertops, sink, and faucets, along with new bathroom fixtures. All kitchen appliances are included. Both units are separately metered for utilities. Each unit includes one gravel parking space, offering immediate income potential for the next landlord.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Farmer City
    County
    De Witt
    State
    Illinois
    Longitude
    -88.642905
    Latitude
    40.246596

    Nearby Similar for Sale

    • $179,900
      1,725 SF

      Restaurant Opportunity in Farmer City

      Restaurant or retail opportunity with seating, kitchen, and parking.
      401 W Clinton Ave, Farmer City, IL 61842
      View Details

    FAQs

    What type of property is this?
    Duplex - Well-maintained duplex with rental history and separately metered utilities.
    Where is this duplex located?
    The property is located at 101 W Richardson St Farmer City, IL.
    What is the asking price?
    The asking price for this property is $115,000.
    What are key features of this property?
    This property features: - New roof installed in 2023.; - Turn-key investment property with a solid rental history.; - Separately metered utilities for each unit.
    (217) 898-9204
    Request Owner's contact information
    101 W Richardson St Farmer City, IL 61842
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    Farmer City, IL 61842
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    101 W Richardson St Farmer City, IL 61842
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