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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

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    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.
    (815) 795-3800
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    804 Broadway St Streator, IL 61364
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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
    804 Broadway St Streator, IL 61364
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