706-708 Jefferson St Mendota, IL 61342
This exceptional investment opportunity in Mendota, IL, presents two buildings totaling 4540 square feet at 706-708 Jefferson Street. The property features a shared staircase with an adjacent building. One unit is a two-bedroom, one-bathroom apartment. Both units are currently occupied by reliable tenants, generating consistent rental income. The buildings boast several recent upgrades, including a newer furnace, air conditioning system, and a rubber roof, minimizing future maintenance costs and maximizing the return on investment. The property is situated on a lot with no acreage specified. This is an ideal investment for those seeking a stable, cash-flowing asset with minimal immediate capital expenditure needs. The strong tenant occupancy and recent improvements make this a low-risk, high-reward opportunity. The property's location in Mendota offers access to local amenities and a growing community. This is a rare chance to acquire a well-maintained multi-family property with proven rental history. The current tenants provide a steady stream of income, making this an attractive option for both seasoned and novice investors. Don't miss this chance to add a valuable asset to your portfolio. Serious inquiries only.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.