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Two-Unit Duplex with Garage
For Sale
Under Contract
$210,000

202 E 1st Street, Waterloo, IL 62298

Residential Income, Waterloo, IL

Property Size1,396 SF
Lot Size0.14 Acres
Price / SF$150.43
Days on Market48

Property Features for 202 E 1st Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 4
Bathrooms 2
Full bathrooms 2
Rooms Bathroom 2, Basement, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bathroom 1
Parking features Driveway, Garage
Window features Insulated Windows
Basement Partial
Appliances Range, Refrigerator
Subdivision Waterloo
Lot features City Lot
Elementary school WATERLOO DIST 5
Middle school WATERLOO DIST 5
High school Waterloo
Elementary school district Waterloo DIST 5
Middle school district Waterloo DIST 5
High school district Waterloo DIST 5
Standard status Active Under Contract
APN 07-25-236-025-000
Size 1,396 SF
Lot size 0.14 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description PART LOT 28B OLD TOWN
Tax Annual Amount 3808
Legal Description PART LOT 28B OLD TOWN

Utilities

Heating system Natural Gas, Forced Air
Cooling system Central Air
Water source Public

Building Details

Year built 1890
Number of units 2
Flooring type Carpet, Vinyl
Building materials Aluminum Siding
Roof type Metal
Listing Agency: Strano & Associates
Listed By: Tina LaChance · License #475137562
Added: Jul 22 Changed: Sep 4 Last Checked: Sep 7 at 12:06PM
MLS# 26045822

Copyright © 2026 Mid America Regional Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 1.5-story duplex contains 1,396 square feet and offers two residential units, each configured with 2 bedrooms and 1 bathroom. Unit B has updated flooring, fresh interior paint, new light fixtures, bathroom fixture improvements, and a water heater approximately 6 months old. Unit A includes main-floor laundry, while Unit B has laundry in the basement. The property also features double-hung vinyl windows, aluminum siding, a metal roof, forced-air natural gas heat, central air, and public water service.

Located at 202 E 1st Street in downtown Waterloo, the property occupies a 0.14-acre lot with a detached garage and driveway parking. Appliances include a range and refrigerator. The sale is subject to an as-is condition, with the seller making no repairs based on inspections.

Key Highlights

  • Two‑unit duplex with 1,396 square feet of property size
  • Each unit includes 2 bedrooms and 1 bathroom
  • Unit B updates include flooring, paint, light fixtures, and bathroom fixtures

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Pharmacy HVAC Service Building Supply

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

Location Intelligence

Trade Area within ½ mile

439
Businesses Nearby

Demographics for 62298, IL

17,630
Population
7,562
Households
2.3
Avg Household Size
44
Median Age
35%
College-Educated
96%
High-School Grad
143.0 sq mi
ZIP Area
123
Density / Sq Mi
$94,073
Median Household Income
$52,823
Median Earnings
$884
Median Rent
$263,200
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 - Downtown Waterloo rental property with separate laundry arrangements, central air, and one detached garage.
Where is this duplex located?
The property is located at 202 E 1st Street Waterloo, IL.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,396 square feet of property size; Each unit includes 2 bedrooms and 1 bathroom; Unit B updates include flooring, paint, light fixtures, and bathroom fixtures
More about this property
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