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804 Broadway St Streator, IL 61364

For Sale
$215,000

Nine-Unit Brick Building, High Returns

Property size:
2,836 SF

Description

Added:
Feb 3, 2025
Days on Market:
315
This exceptional nine-unit multifamily property located at 804 E Broadway Street, Streator, IL, presents a compelling investment opportunity. The 2,836 square foot building sits on a sizable 0.49-acre lot, offering significant potential for future expansion. The property boasts a mix of unit types, including three one-bedroom, one-bathroom apartments and six studio apartments. The unit distribution is thoughtfully arranged: the basement houses four studio apartments, the main floor features two one-bedroom, one-bathroom units and one studio apartment, while the second floor contains one one-bedroom, one-bathroom unit and one studio apartment. All utilities are included in the monthly rent, simplifying management and maximizing rental income. The property benefits from recent significant upgrades, including a brand-new roof installed in June 2023 and a new boiler also installed in 2023, minimizing future maintenance concerns. A convenient coin-operated laundry facility is located in the basement for tenant use. The ample land provides room for the addition of storage sheds or garages, further enhancing the property's value and appeal to tenants. This all-brick building represents a solid investment with strong potential for both immediate and long-term returns. Priced at $215,000, this property is ready for a new owner to capitalize on its income-generating potential.

Property Features for 804 Broadway St

General Information

Property type
Other commercial real estate
Square Feet
2,836 SF
Lot Size
21,344 SF

Building Details

Year Built
1864

Property Profile Insight Report Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

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

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

Location Insight

  • Map
  • Local Demand
City
Streator
County
LaSalle
State
Illinois
Longitude
-88.82577
Latitude
41.12611

FAQs

What type of property is this?
Commercial real estate - Nine-Unit Brick Building, High Returns
Where is this commercial real estate located?
The property is located at 804 Broadway St Streator, IL.
What is the asking price?
The asking price for this property is $215,000.
More about this property
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