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Two-Unit Duplex with Newer Furnace
For Sale
$59,900

623 E 3rd St, Kewanee, IL 61443

Two residential units feature spacious living areas and practical layouts for occupants or rental use.

Property SizeContact for details
Days on Market25

Property Features for 623 E 3rd St

General Information

Standard status Active
Property subtype Residential Income

Additional Details

Multifamily Units 2

Taxes and HOA fees

Annual Taxes $1,546
Listing Agency: Mel Foster Co. Kewanee
Listed By: Dianne DeDecker
Source: Exprealty
Added: Aug 21 Changed: Sep 7 Last Checked: Sep 13 at 4:53PM

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 Mel Foster Co. Kewanee

Investment Insights

Based on property information with market context.

This 1½-story duplex contains two residential units, each with spacious living areas and functional layouts. A newer furnace is included among the property’s improvements, supporting the building’s residential utility.

The property is located at 623 E 3rd St in Kewanee, Illinois, with access to local amenities. Its two-unit configuration suits an owner-occupant seeking additional rental potential or an investor evaluating a residential income property.

Key Highlights

  • 1½‑story duplex with two residential units
  • Spacious living areas in each unit
  • Functional layouts throughout both units

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Dental Office Parking Lot & Garage Electrical Service Skin Care Clinic (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

2
Residential units

Location Intelligence

Trade Area within ½ mile

471
Businesses Nearby

Demographics for 61443, IL

13,780
Population
6,613
Households
2.1
Avg Household Size
41
Median Age
16%
College-Educated
85%
High-School Grad
100.5 sq mi
ZIP Area
137
Density / Sq Mi
$51,306
Median Household Income
$36,553
Median Earnings
$782
Median Rent
$75,900
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
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Frequently Asked Questions

What type of property is this?
Duplex - Two residential units feature spacious living areas and practical layouts for occupants or rental use.
Where is this duplex located?
The property is located at 623 E 3rd St Kewanee, IL.
What is the asking price?
The asking price for this property is $59,900.
What are key features of this property?
This property features: 1½‑story duplex with two residential units; Spacious living areas in each unit; Functional layouts throughout both units
More about this property
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