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Two-Story Triplex with Rehabilitation Work
New
For Sale
$35,500
Pending

313 W Oak St, Fairbury, IL 61739

Main-floor residence with two separate upper-level units and ongoing rehabilitation work in one apartment.

Property Size1,300 SF
Days on Market7

Property Features for 313 W Oak St

General Information

Standard status Pending
Size 1,300 SF
Property subtype Multi-Family

Additional Details

Multifamily Units 3

Building Details

Year Built 1910
Buildings 1
Stories 2
Listing Agency: RE/MAX Realty Associates-Cha
Listed By: Craig Buchanan Team
Source: Craigbuchananteam
Added: Sep 19 Changed: Sep 24 Last Checked: Sep 24 at 9:37AM

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 Realty Associates-Cha

Investment Insights

Based on property information with market context.

This converted triplex is arranged across two stories, with a 1,300 sq ft unit occupying the main floor and two separate apartments above. The building dates to 1910 and provides three distinct residential units within the structure.

Rehabilitation has started in the third unit, including new drywall along with bathroom and kitchen rough-ins. The property is being offered in as-is condition, and cash offers must include proof of funds.

Key Highlights

  • Three‑unit residential building with two stories
  • 1,300 sq ft main‑floor unit
  • Two separate units located on the second level

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Dental Office HVAC Service Building Supply Electrical Service (Bike/Boat/Book/etc) Store

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

Location Intelligence

Trade Area within ½ mile

316
Businesses Nearby

Demographics for 61739, IL

4,784
Population
1,949
Households
2.5
Avg Household Size
41
Median Age
21%
College-Educated
92%
High-School Grad
106.1 sq mi
ZIP Area
45
Density / Sq Mi
$68,635
Median Household Income
$42,930
Median Earnings
$753
Median Rent
$160,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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?
Triplex - Main-floor residence with two separate upper-level units and ongoing rehabilitation work in one apartment.
Where is this triplex located?
The property is located at 313 W Oak St Fairbury, IL.
What is the asking price?
The asking price for this property is $35,500.
What are key features of this property?
This property features: Three‑unit residential building with two stories; 1,300 sq ft main‑floor unit; Two separate units located on the second level
More about this property
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