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    734 Locust St Minonk, IL 61760

    Pending
    For Sale
    $200,000

    Residential Income - Minonk, IL

    Property size:
    2,400 SF
    Lot size:
    0.29 Acres
    Days on Market:
    15
    Last Refresh:
    Dec 5 at 10:06 pm

    Property Features for 734 Locust St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Pending
    APN
    06-07-203-018
    Parking
    4
    Parking features
    On Street
    Interior features
    Cable Available
    Exterior features
    Level
    Size
    2,400 SF
    Lot size
    0.29 Acres

    Utilities

    Utilities
    Cable Available
    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1920
    Number of units
    4
    Building materials
    Aluminum Siding
    Roof type
    Shingle
    Architectural style
    Other

    Adam Merrick Real Estate (309) 273-1808 [email protected]

    Listing agent Adam Merrick (309) 282-1000 License #471018071

    Listing date Nov 21, 2025

    MLS# PA1254209 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

    Minonk Four-Unit Income Property

    This residential income property in Minonk, Illinois, presents an opportunity to expand a rental portfolio. The property features four units, each with two bedrooms and one bathroom. Laundry facilities are located on the premises. Over the past seven years, the seller has remodeled three of the occupied units as they became available. Unit D is currently vacant and requires minor remodeling. The roof is approximately 10 years old. Three furnaces and central air units are less than five years old, and the water heaters are less than two years old. Appliances in the occupied units are included. A detached garage provides storage space. The property is situated on a 0.29-acre lot.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Pharmacy Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Minonk
    County
    Woodford
    State
    Illinois
    Longitude
    -89.032122
    Latitude
    40.905567

    FAQs

    What type of property is this?
    Quadplex - Well-maintained four-unit residential income property in Minonk, Illinois.
    Where is this quadplex located?
    The property is located at 734 Locust St Minonk, IL.
    What is the asking price?
    The asking price for this property is $200,000.
    What are key features of this property?
    This property features: - Four-unit investment property offering immediate rental income potential.; - Three of four units have been remodeled in the last 7 years.; - Newer mechanicals: Benefit from three furnaces and central air units less than 5 years old, and water heaters less than 2 years old.
    (309) 282-1000
    Request Owner's contact information
    734 Locust St Minonk, IL 61760
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    Minonk, IL 61760
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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
    734 Locust St Minonk, IL 61760
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