Building Details

Tenancy Multi

Listing Agency: Bower & Associates Inc., Realtors c***@bowerrealtors.com Show Phone

Listed By: Carol Shaffer · License #471019430

Source: Crexi

Added: Jun 14 Changed: Aug 8 Last Checked: Jul 24 at 7:21AM

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Investment Insights

Based on property information with market context.

This two-unit duplex is currently occupied and producing income, with a lower unit offering 2 bedrooms and an upper unit offering 1 bedroom. Both units include laundry hookups, supporting everyday convenience for residents. Each unit also features a covered porch. The property has a newer metal roof, providing an updated exterior improvement.

The owner pays water, while utilities are managed through separate electric/gas meters, allowing independent billing for each unit. The property is located at 106 S Warsaw Street in Ursa, Illinois.

For investors or buyers seeking a straightforward residential income asset, this duplex offers two separate living configurations under one roof. The current occupancy and stated monthly rents provide an immediate starting point for an income-oriented purchase. Separate metering and in-unit laundry hookups can also help reduce turn-over friction and improve tenant usability. With the newer metal roof already in place, the exterior maintenance outlook is strengthened versus older roofing systems.

Key Highlights

• Occupied 2‑unit duplex with income‑producing rental units
• Lower unit: 2 bed renting for $675 (covered porches)
• Upper unit: 1 bed renting for $550 (covered porches)

Property Analytics

Property Profile

Current Use

Duplexes

Suggested Use

Top Pick Plumbing Service Storage Facility (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom Cafe & Coffee Shop Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

100%

Occupancy

Multi-tenant

Tenancy

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

19

Businesses Nearby

Explore this area Business Placement

Demographics for 62376, IL

1,187

Population

568

Households

2.1

Avg Household Size

42

Median Age

25%

College-Educated

97%

High-School Grad

63.2 sq mi

ZIP Area

19

Density / Sq Mi

$74,375

Median Household Income

$49,500

Median Earnings

$883

Median Rent

$156,600

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Occupied two-unit duplex with covered porches, separate utilities, and laundry hookups in both units.

Where is this duplex located?

The property is located at 106 S Warsaw Street Ursa, IL.

What is the asking price?

The asking price for this property is $109,000.

What are key features of this property?

This property features: Occupied 2‑unit duplex with income‑producing rental units; Lower unit: 2 bed renting for $675 (covered porches); Upper unit: 1 bed renting for $550 (covered porches)