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Corner-Lot Triplex With Garage
For Sale
$170,000
Pending

302 South Oak Street, Pontiac, IL 61764

Well-maintained triplex with three separate units, hardwood/tile finishes, and a roof replacement plus shared boiler.

Property Size3,034 SF
Days on Market58

Property Features for 302 South Oak Street

General Information

Standard status Pending
Size 3,034 SF
Total Parking Spaces 8
Property subtype Two to Four Units / 2 Story Unit/S
Zoning MULTI
Net Operating Income $14,139

Additional Details

Multifamily Units 3

Taxes and HOA fees

Annual Taxes $4,365

Amenities

yard
garage

Building Details

Year Built 1900
Tenancy Multi
Listing Agency: RE/MAX Rising
Listed By: Julie Moore · License #475157626
Source: Compass
Added: Jul 13 Changed: Aug 8 Last Checked: Jul 24 at 12:15PM

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 RE/MAX Rising

Investment Insights

Based on property information with market context.

This well-cared-for triplex is located on a corner lot and features three separate units. The first unit has two bedrooms, two baths, a kitchen, a living room, and a utility room. The second unit offers two bedrooms, one bath, a kitchen, a living room, and a utility area. The third unit includes one bedroom, one bath, a kitchen, and a living room. Most flooring is hardwood and ceramic tile, and the property provides ample storage throughout. The roof was replaced in 2010, and a boiler added in 2021 services all three apartments.

The property also includes a nice-size yard for outdoor use and an available garage that can be rented for added convenience. One unit is currently empty, offering flexibility for an owner-occupant while other units provide rental income support.

A single shared boiler serves the three apartments, and each unit includes its own kitchen and living area, supporting independent day-to-day living arrangements.

Key Highlights

  • Triplex on a corner lot with three separate units
  • Unit mix includes 2BR/2BA, 2BR/1BA, and 1BR/1BA layouts
  • Most flooring is hardwood and ceramic tile

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Dental Office Real Estate Agency Kitchen & Bath Showroom Grocery & Convenience Store Gym & Fitness Center HVAC Service

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

3
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

704
Businesses Nearby

Demographics for 61764, IL

13,668
Population
6,058
Households
2.3
Avg Household Size
42
Median Age
18%
College-Educated
87%
High-School Grad
154.5 sq mi
ZIP Area
88
Density / Sq Mi
$68,438
Median Household Income
$38,670
Median Earnings
$835
Median Rent
$122,200
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Well-maintained triplex with three separate units, hardwood/tile finishes, and a roof replacement plus shared boiler.
Where is this triplex located?
The property is located at 302 South Oak Street Pontiac, IL.
What is the asking price?
The asking price for this property is $170,000.
What are key features of this property?
This property features: Triplex on a corner lot with three separate units; Unit mix includes 2BR/2BA, 2BR/1BA, and 1BR/1BA layouts; Most flooring is hardwood and ceramic tile
More about this property
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