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Two-Unit Duplex with Renovation Work

603 3rd Street, Savanna, IL 61074

For Sale
$119,995

The property contains separate two-bedroom and three-bedroom units, with several interior systems and finishes already updated.

Property Size2,712 SF
Days on Market412

Property Features for 603 3rd Street

General Information

Standard status Active
Size 2,712 SF
Property subtype Duplex

Units

Unit Mix 1 x 2BR, 1 x 3BR
Multifamily Units 2

Building Details

Building Size 2,712 SF
Year Built 1883
Listing Agency: Equity Real Estate Group LLC
Listed By: Kyle Boeve
Source: Paulchilds.kw
Added: Sep 24, 2025 Changed: Nov 8 Last Checked: Nov 8 at 6:14PM

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 Equity Real Estate Group LLC

Rey
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Investment Insights

Based on property information with market context.

This duplex has two residential units: one with two bedrooms and another with three. Renovation work includes updated plumbing, a replacement furnace in one unit, new electrical wiring throughout, and drywall and ceilings that have been replaced. The floors have been stripped and sanded for refinishing, while flooring and trim work is underway. Built in 1883, the building is offered for sale with further rehabilitation work remaining.

Key Highlights

  • Two units: one two‑bedroom and one three‑bedroom
  • Plumbing updated and electrical wiring replaced throughout
  • One furnace replaced

Property Analytics

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Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

220
Businesses Nearby

Demographics for 61074, IL

4,023
Population
2,344
Households
1.7
Avg Household Size
48
Median Age
15%
College-Educated
85%
High-School Grad
73.5 sq mi
ZIP Area
55
Density / Sq Mi
$48,387
Median Household Income
$35,033
Median Earnings
$807
Median Rent
$93,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Duplex - The property contains separate two-bedroom and three-bedroom units, with several interior systems and finishes already updated.
Where is this duplex located?
The property is located at 603 3rd Street Savanna, IL.
What is the asking price?
The asking price for this property is $119,995.
What are key features of this property?
This property features: Two units: one two‑bedroom and one three‑bedroom; Plumbing updated and electrical wiring replaced throughout; One furnace replaced
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