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Turn-Key Duplex Investment Opportunity

101 W Richardson Street, Farmer City, IL 61842

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For Sale

Under Contract

$115,000

MULTI_FAMILY - Farmer City, IL

HighLights

Well‑maintained duplex built in 1978 with public water and public sewer
Unit 101 rents for $550/month and is leased through January 2028
Unit 101 1/2 rents for $650/month
Newer roof installed in 2024
Each unit is separately metered for utilities; tenants handle mowing and trash service
Dedicated gravel parking for each unit; baseboard heat plus window A/C units

We can help!

Contact an agent

Carol Meinhart

For Sale

Under Contract

$115,000

MULTI_FAMILY - Farmer City, IL

Added:: Oct 13, 2025
Days on Market:: 258
Last Refresh:: Jun 27 at 1:06 pm

Property Features for 101 W Richardson Street

General Information

Property type: Residential Multi Family
Property subtype: Other
Bedrooms: 4
Bathrooms: 2
Rooms: Bedroom 1, Bedroom 4, Bedroom 3, Bathroom 2, Bedroom 2, Bathroom 1
Parking: 4
Parking features: Owned
Standard status: Active Under Contract
APN: 0528186004

Taxes and HOA fees

Tax Year: 2024
Tax Annual Amount: 3156

Utilities

Sewer type: Public Sewer
Heating system: Baseboard
Water source: Public

Building Details

Year built: 1978
Building materials: Aluminum Siding, Masonite

We can help!

Contact an agent

Carol Meinhart

Listing agent Carol Meinhart License #475127814

Listing office The Real Estate Group,Inc 2101 W Park Court, Champaign, IL

Listing date Oct 13, 2025

MLS# 12493120 Listing URL

HighLights

Well‑maintained duplex built in 1978 with public water and public sewer
Unit 101 rents for $550/month and is leased through January 2028
Unit 101 1/2 rents for $650/month
Newer roof installed in 2024
Each unit is separately metered for utilities; tenants handle mowing and trash service
Dedicated gravel parking for each unit; baseboard heat plus window A/C units

Overview

This well-maintained duplex presents a turn-key investment opportunity with dependable income potential. The property has a strong rental history and consistently easy-to-rent units, set up for immediate cash flow. A newer roof was installed in 2024. One unit features newer wood flooring, while both kitchens are finished with durable tile flooring. One of the units has been updated with oak kitchen cabinetry, newer countertops, sink, faucets, and updated bathroom fixtures. 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. Tenants are responsible for mowing and trash service. Dedicated gravel parking is available for each unit. Unit 101 currently rents for $550 per month and is leased through January 2028. Unit 101 1/2 rents for $650 per month. The property is located in Farmer City, IL.

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

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Local Demand

City: Farmer City
County: De Witt
State: Illinois
Longitude: -88.642911
Latitude: 40.246629

For sale
Duplexes
IL
Farmer City
61842
101 W Richardson Street

What type of property is this?

Duplex - Well-maintained duplex with strong rental history and recent updates.

Where is this duplex located?

The property is located at 101 W Richardson Street 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: Well‑maintained duplex built in 1978 with public water and public sewer; Unit 101 rents for $550/month and is leased through January 2028; Unit 101 1/2 rents for $650/month

101 W Richardson Street, Farmer City, IL 61842

MULTI_FAMILY - Farmer City, IL

Property Features for 101 W Richardson Street

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

FAQs