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101 W Richardson St, Farmer City, IL 61842

Beds
4
Baths
2

View property features, location on map, relevant school information and overview from seller's agent.

Listed byThe Real Estate Group,Inc
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Overview

Searching for a turn-key investment property with dependable income potential? This well-maintained duplex is a fantastic opportunity for both seasoned investors and those looking to grow their portfolio. With a strong rental history and consistently easy-to-rent units, this property is set up for immediate cash flow from day one. Major updates include a newer roof installed in 2024, offering added value and peace of mind for years to come. One unit features newer wood flooring, while both kitchens are finished with durable tile flooring and have been exceptionally well-maintained. One of the units has also been thoughtfully updated with oak kitchen cabinetry, newer countertops, sink, faucets, and updated bathroom fixtures, creating an attractive and comfortable living space for tenants. All kitchen appliances stay with the property, and each unit is separately metered for utilities. The property features baseboard heat and window air conditioning units, helping keep maintenance simple and efficient. Tenants are responsible for mowing and trash service, making this an even more appealing low-maintenance investment. Dedicated gravel parking is available for each unit for added convenience. Unit 101 currently rents for $550 per month and is leased through January 2028, providing long-term stability. Unit 101 1/2 rents for $650 per month, adding to the property's steady income stream. Whether you are looking to expand your investment portfolio or purchase your first income-producing property, this duplex is a smart opportunity with reliable rental income already in place.

Location

Full feature list

Basic info

Property type
Other residential
Number of bedrooms
4
Number of bathrooms
2
Lot size (acres)
0.23
Year built
1978

Utilities

Heating
Baseboard
Sewer
Public Sewer
Water
Public Water

Taxes

Tax Annual Amount (2024)
$3,156

Public schools

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Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: Midwest Real Estate Data (MRED) MLS®#: 12493120 Last checked:

Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.