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4-Unit Brick Quadplex
New
For Sale
$399,000

416 E 2nd St, Byron, IL 61010

Three residences have month-to-month tenants, and one updated apartment is vacant.

Property SizeContact for details
Days on Market6

Property Features for 416 E 2nd St

General Information

Standard status Active
Property subtype Residential Income

Units

Unit Mix 4 x 2BR/1BA
Multifamily Units 4

Taxes and HOA fees

Annual Taxes $5,629

Amenities

laundry hookups
sliding patio doors
individual patio areas

Building Details

Construction brick
Tenancy Multi
Listing Agency: Re/Max of Rock Valley
Listed By: Rebecca Hazzard · License #471019445
Source: Exprealty
Added: Sep 30 Changed: Oct 3 Last Checked: Oct 4 at 2:20PM

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 of Rock Valley

Investment Insights

Based on property information with market context.

This brick quadplex in Byron contains four apartments, each arranged with two bedrooms, one full bathroom, a living room, and an eat-in kitchen. Laundry hookups and a mechanical or storage room are included in every unit. Sliding doors open to separate patio areas, and the property has off-street parking.

Three apartments are occupied under month-to-month leases. The remaining unit has been updated and is vacant.

Key Highlights

  • Four apartments, each with 2 bedrooms and 1 bathroom
  • Three units occupied by month‑to‑month tenants; one recently updated unit is vacant
  • Each apartment includes a living room, eat‑in kitchen, laundry hookups, and a mechanical or storage room

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick HVAC Service Auto Parts Store Electrical Service Big Box & Wholesale Store Dental Office Plumbing 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

4
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

339
Businesses Nearby

Demographics for 61010, IL

7,733
Population
3,049
Households
2.5
Avg Household Size
40
Median Age
34%
College-Educated
95%
High-School Grad
38.2 sq mi
ZIP Area
202
Density / Sq Mi
$89,907
Median Household Income
$47,342
Median Earnings
$981
Median Rent
$218,300
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?
Quadplex - Three residences have month-to-month tenants, and one updated apartment is vacant.
Where is this quadplex located?
The property is located at 416 E 2nd St Byron, IL.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Four apartments, each with 2 bedrooms and 1 bathroom; Three units occupied by month‑to‑month tenants; one recently updated unit is vacant; Each apartment includes a living room, eat‑in kitchen, laundry hookups, and a mechanical or storage room
More about this property
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