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    24586 Marathon Ln Oakland, IL 61943

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    For Sale
    $70,000

    Duplex with renovation potential, suitable for various investment strategies.

    Lot size:
    4.40 Acres

    Property Features for 24586 Marathon Ln

    General Information

    Lot size
    4.40 Acres
    Interior features
    Interior Feature 1, : "Natural Gas"

    Building Details

    Year built
    1969
    Source: Kw

    Listing Agent: Tytus Cousins

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Value-Add Duplex Investment Opportunity

    This property is a duplex investment opportunity. Each unit features a 1-bedroom, 1-bathroom layout. One unit is gutted and ready for renovation, offering the potential for upgrades and increased value. The other unit can be improved and rented for cash flow. This property is suitable for BRRRR, house-hacking, or a buy-and-hold investment strategy.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Building Supply Spa & Massage Hair Salon Auto Repair Shop Nail Salon Gym & Fitness Skin Care Clinic Food Market Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Oakland
    County
    Coles
    State
    Illinois
    Longitude
    -88.0216032
    Latitude
    39.6649869

    FAQs

    What type of property is this?
    Duplex - Duplex with renovation potential, suitable for various investment strategies.
    Where is this duplex located?
    The property is located at 24586 Marathon Ln Oakland, IL.
    What is the asking price?
    The asking price for this property is $70,000.
    What are key features of this property?
    This property features: - Value-add duplex investment opportunity.; - Gutted unit ready for renovation, allowing for forced appreciation.; - Ideal for BRRRR, house-hacking, or buy-and-hold strategies.
    Request Owner's contact information
    24586 Marathon Ln Oakland, IL 61943
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    Oakland, IL 61943
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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
    24586 Marathon Ln Oakland, IL 61943
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