Duplex Property with Detached
For Sale
$120,000
506 W Reynolds Street, Pontiac, IL 61764
Residential Income, Pontiac, IL
Property SizeContact for details
Lot Size0.32 Acres
Days on Market32
Property Features for 506 W Reynolds Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
MULTI
Bedrooms
2
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 2, Basement, Bedroom 1, Bathroom 1
Parking
10
Parking features
Owned, Off Street, Driveway, Garage, Open
Patio and Porch features
Patio
Basement
Unfinished, Full
Lot features
Corner Lot
Elementary school
Attendance Centers
Middle school
Pontiac Junior High School
High school
Pontiac High School
Elementary school district
429
Middle school district
429
High school district
90
Directions
From I55 take Exit 197 and go east into Pontiac. Continue on Reynolds St. and head east over the RR tracks. Drive 3 blocks and house is on the south side of the street.
Subdivision
Pontiac
Standard status
Active
APN
151527128004
Lot size
0.32 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2959
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Water source
Public
Building Details
Year built
1903
Building materials
Shake Siding
Roof type
Asphalt
Architectural style
Other
Additional Structures
RV/Boat Storage
Listing Agency:
RE/MAX Rising · RE/MAX International
(309) 340-1000
Listed By:
Julie Moore · License #475157626
(309) 275-9333
Added: Aug 24
Changed: Sep 15
Last Checked: Sep 24 at 10:06PM
MLS# 12740326
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This residential income property occupies a 0.32-acre corner lot in Pontiac and includes a two-level structure, two detached garages, and a patio. The lower residence has two bedrooms, two living rooms, a kitchen, and a covered rear patio. The upper level has been gutted for renovation. Construction includes shake siding, an asphalt roof, natural-gas heating, public water, and public sewer. The property was built in 1903 and includes a basement.
Garage improvements include a 24x24 building with a standard two-car door and a 26x36 building with a 10-foot two-car door. Solar panels serve all three buildings under a 25-year lease. City approval is in place for removal of the existing structure and construction of a duplex, providing a second path for redevelopment. The property is located at 506 W Reynolds Street in Pontiac, IL 61764.
Garage improvements include a 24x24 building with a standard two-car door and a 26x36 building with a 10-foot two-car door. Solar panels serve all three buildings under a 25-year lease. City approval is in place for removal of the existing structure and construction of a duplex, providing a second path for redevelopment. The property is located at 506 W Reynolds Street in Pontiac, IL 61764.
Key Highlights
- 0.32‑acre corner lot at 506 W Reynolds Street, Pontiac, IL 61764
- Lower unit includes 2 bedrooms, 2 living rooms, kitchen, and covered rear patio
- Upper level has been gutted and is ready for renovation
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
652
Businesses Nearby
Explore this area
Business Placement
Demographics for 61764, IL
13,668
Population
6,058
Households
2.3
Avg Household Size
42
Median Age
18%
College-Educated
87%
High-School Grad
154.5 sq mi
ZIP Area
88
Density / Sq Mi
$68,438
Median Household Income
$38,670
Median Earnings
$835
Median Rent
$122,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Corner-lot residential income property with a rented lower unit, renovation-ready upper level, and approved duplex redevelopment plan.
Where is this duplex located?
The property is located at 506 W Reynolds Street Pontiac, IL.
What is the asking price?
The asking price for this property is $120,000.
What are key features of this property?
This property features: 0.32‑acre corner lot at 506 W Reynolds Street, Pontiac, IL 61764; Lower unit includes 2 bedrooms, 2 living rooms, kitchen, and covered rear patio; Upper level has been gutted and is ready for renovation
