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    106 Ernest St Washington, IL 61571

    For Sale
    $179,900

    Residential Income - Washington, IL

    Property size:
    1,440 SF
    Days on Market:
    12
    Last Refresh:
    Dec 14 at 1:06 am

    Property Features for 106 Ernest St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Residential
    APN
    02-02-20-202-011
    Parking
    4
    Exterior features
    Level
    Size
    1,440 SF

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1978
    Number of units
    2
    Building materials
    Vinyl Siding
    Roof type
    Shingle
    Architectural style
    Other

    Jim Maloof Realtor (309) 692-3900 [email protected]

    Listing agent Ryan Blackorby (309) 692-3900 License #471009786

    Listing date Dec 3, 2025

    MLS# PA1257846 Listing URL

    Copyright © 2025 RMLS Alliance. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Washington IL Duplex Investment Property

    This ranch-style, side-by-side duplex presents an investment opportunity in a location near shopping, dining, and schools. Each unit features 2 bedrooms, 1 full bath, private laundry hook-ups, and a spacious layout. Tenants are responsible for providing their own washer and dryer. The landlord provides a stove and refrigerator, as well as lawn care. Tenants are responsible for water, sewer, and gas. Both units are currently occupied with signed lease agreements through January 1, 2026, providing immediate rental income. The property includes a large backyard suitable for tenant relaxation or future upgrades. The property size is 1440 square feet and is located in Washington, IL.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Washington
    County
    Tazewell
    State
    Illinois
    Longitude
    -89.464989
    Latitude
    40.697232

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    FAQs

    What type of property is this?
    Duplex - Ranch-style duplex in prime location with leases through 2026.
    Where is this duplex located?
    The property is located at 106 Ernest St Washington, IL.
    What is the asking price?
    The asking price for this property is $179,900.
    What are key features of this property?
    This property features: - Immediate rental income from two occupied units with leases through January 1, 2026.; - Ranch-style, side-by-side duplex in a prime location near shopping, dining, and schools.; - Each unit has 2 bedrooms, 1 full bath, and private laundry hook-ups.
    (309) 692-3900
    Request Owner's contact information
    106 Ernest St Washington, IL 61571
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    Washington, IL 61571
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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
    106 Ernest St Washington, IL 61571
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