About 506 W Reynolds Street
This multi-family investment property sits on a large corner lot and offers exceptional opportunity. The downstairs unit is currently rented at $1,200/month plus all utilities and features two bedrooms, two living rooms, a kitchen, and a covered back patio. The upstairs has been fully gutted and is ready for renovation, allowing the next owner to add value. Two garages have been built: a 24x24 garage with a standard two-car door and a 26x36 garage with a 10-foot two-car door. The property also includes solar panels that runs all three buildings and will be turned on soon. They are leased at $70/month for 25 years. City approval is in place to tear down the structure and build a duplex, offering even more potential. A prime opportunity awaits!
Features of 506 W Reynolds Street
| MLS® # | 12740326 |
|---|---|
| Price | $120,000 |
| Bedrooms | 2 |
| Bathrooms | 0.00 |
| Acres | 0.32 |
| Year Built | 1903 |
| Type | Residential Income |
| Sub-Type | Two to Four Units |
| Style | Traditional |
| Status | Active |
| Taxes | $2,959 |
Community Information
| Address | 506 W Reynolds Street |
|---|---|
| Area | Pontiac |
| Subdivision | Not Applicable |
| City | Pontiac |
| County | Livingston |
| State | IL |
| Zip Code | 61764 |
Amenities
| Parking Spaces | 10 |
|---|---|
| Parking | Garage Door Opener, Garage, Yes, Garage Owned, Detached, Off Street, Driveway, Owned |
| # of Garages | 6 |
| Is Waterfront | No |
| New Construction | No |
| Has Pool | No |
Interior
| Heating | Natural Gas |
|---|---|
| Fireplace | No |
| Has Basement | Yes |
| Basement | Unfinished, Full |
Exterior
| Exterior | Shake Siding |
|---|---|
| Lot Description | Corner Lot |
| Roof | Asphalt |
School Information
| District | 90 |
|---|---|
| Elementary | Attendance Centers |
| Middle | Pontiac Junior High School |
| High | Pontiac High School |
Additional Information
| Days on Market | 7 |
|---|---|
| Zoning | MULTI |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | RE/MAX Rising |
|---|