804 Broadway St Streator, IL 61364

Property Details for 804 Broadway St

Year built

1864

Lot size

0.49 lot acres

Property size

2,836 SF

Property type

Commercial real estate

APN

33-25-406-008

APU

3325406008

Description

This exceptional nine-unit multifamily property located at 804 E Broadway Street, Streator, IL, presents a compelling investment opportunity. The 2,836 square foot building sits on a sizable 0.49-acre lot, offering significant potential for future expansion. The property boasts a mix of unit types, including three one-bedroom, one-bathroom apartments and six studio apartments. The unit distribution is thoughtfully arranged: the basement houses four studio apartments, the main floor features two one-bedroom, one-bathroom units and one studio apartment, while the second floor contains one one-bedroom, one-bathroom unit and one studio apartment. All utilities are included in the monthly rent, simplifying management and maximizing rental income. The property benefits from recent significant upgrades, including a brand-new roof installed in June 2023 and a new boiler also installed in 2023, minimizing future maintenance concerns. A convenient coin-operated laundry facility is located in the basement for tenant use. The ample land provides room for the addition of storage sheds or garages, further enhancing the property's value and appeal to tenants. This all-brick building represents a solid investment with strong potential for both immediate and long-term returns. Priced at $215,000, this property is ready for a new owner to capitalize on its income-generating potential.