16-Unit Brick Apartment
For Sale
Contact for pricing
2 Michael Street, Streator, IL 61364
Two brick buildings provide updated multifamily housing with private storage, laundry facilities, and off-street parking.
Property SizeContact for details
Days on Market111
Property Features for 2 Michael Street
General Information
Standard status
Active
Property subtype
Multifamily
Zoning
COMMR
Net Operating Income
$73,417
Additional Details
Multifamily Units
16
Amenities
coin-operated laundry rooms
off-street parking
private storage rooms
Building Details
Year Built
1982
Buildings
2
Stories
2
Units
16
Construction
brick
Listing Agency:
Berkshire Hathaway HomeServices Central Illinois Realtors
(309) 663-7653
Listed By:
Melissa Dittbenner · License #IL 475.175689
Source:
Crexi
Added: May 13
Changed: Aug 31
Last Checked: May 26 at 9:20AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway HomeServices Central Illinois Realtors
Investment Insights
Based on property information with market context.
This multifamily property comprises two brick apartment buildings with eight units in each building, for a total of 16 units. The unit mix includes one- and two-bedroom apartments, each with a private storage room. Ongoing ownership maintenance and updates support the buildings’ established residential use.
Located on Michael Street in Streator’s north side, the property is near dining, shopping, banking, recreation, and entertainment destinations. The site also includes off-street parking and four coin-operated laundry rooms, with two washers and two dryers serving each building.
Constructed in 1982 and zoned COMMR, the property combines durable brick construction with practical amenities for a multifamily rental operation. The source information also reports a strong rental history and consistent tenant demand.
Located on Michael Street in Streator’s north side, the property is near dining, shopping, banking, recreation, and entertainment destinations. The site also includes off-street parking and four coin-operated laundry rooms, with two washers and two dryers serving each building.
Constructed in 1982 and zoned COMMR, the property combines durable brick construction with practical amenities for a multifamily rental operation. The source information also reports a strong rental history and consistent tenant demand.
Key Highlights
- 16 total apartment units across two brick buildings
- Each building contains 8 units
- Mix of 1- and 2‑bedroom apartments with private storage rooms
Property Analytics
Property Profile
Current Use
Lease Details
16
Residential units
Location Intelligence
Trade Area within ½ mile
282
Businesses Nearby
Explore this area
Business Placement
Demographics for 61364, IL
18,449
Population
9,251
Households
2
Avg Household Size
43
Median Age
13%
College-Educated
90%
High-School Grad
157.3 sq mi
ZIP Area
117
Density / Sq Mi
$57,147
Median Household Income
$37,866
Median Earnings
$810
Median Rent
$97,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Two brick buildings provide updated multifamily housing with private storage, laundry facilities, and off-street parking.
Where is this apartment building located?
The property is located at 2 Michael Street Streator, IL.
What is the asking price?
The asking price for this property is $1,225,000.
What are key features of this property?
This property features: 16 total apartment units across two brick buildings; Each building contains 8 units; Mix of 1- and 2‑bedroom apartments with private storage rooms
