Duplex Property with Garage
For Sale
$120,000
506 W Reynolds St, Pontiac, IL 61764
Corner-lot income property with a leased lower unit and renovation-ready upper level.
Property SizeContact for details
Days on Market9
Property Features for 506 W Reynolds St
General Information
Standard status
Active
Property subtype
Multi-Family
Building Details
Year Built
1903
Listing Agency:
RE/MAX Rising
(217) 369-8969
Listed By:
Julie Moore
Source:
Searchillinoishomesforsale
Added: Aug 23
Changed: Aug 30
Last Checked: Aug 26 at 8:40AM
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 1903 duplex property occupies a corner lot in Pontiac, Illinois. The lower unit is rented and includes two bedrooms, two living rooms, a kitchen, and a covered rear patio. The upper unit has been gutted, creating a renovation project within the existing two-level configuration.
Two garage buildings add substantial accessory space: one measures 24x24 with a standard two-car door, while the other measures 26x36 and has a 10-foot two-car door. Solar panels serve all three buildings under a 25-year lease and are designed to provide approximately 125% of typical energy usage. City approval is also in place to remove the existing structure and construct a duplex.
Two garage buildings add substantial accessory space: one measures 24x24 with a standard two-car door, while the other measures 26x36 and has a 10-foot two-car door. Solar panels serve all three buildings under a 25-year lease and are designed to provide approximately 125% of typical energy usage. City approval is also in place to remove the existing structure and construct a duplex.
Key Highlights
- Two‑level duplex with a rented lower unit and gutted upper unit
- Lower unit includes 2 bedrooms, 2 living rooms, a kitchen, and covered back patio
- 24x24 garage with a standard two‑car door
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
652
Businesses Nearby
Explore this area
Business Placement
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
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Frequently Asked Questions
What type of property is this?
Duplex - Corner-lot income property with a leased lower unit and renovation-ready upper level.
Where is this duplex located?
The property is located at 506 W Reynolds St Pontiac, IL.
What is the asking price?
The asking price for this property is $120,000.
What are key features of this property?
This property features: Two‑level duplex with a rented lower unit and gutted upper unit; Lower unit includes 2 bedrooms, 2 living rooms, a kitchen, and covered back patio; 24x24 garage with a standard two‑car door
