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$120,000

For Sale

2 days ago

506 W Reynolds St, Pontiac, IL

House

MLS® 12740326

2 Bed

1 Bath

--

10 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size -
Garage Yes
Taxes $2,959
Days Active 3
Lot Size 0.32 Acres
Approx. Age 1903
MLS® Number 12740326

Property Address: 506 W Reynolds St, Pontiac, IL, 61764-3802

Average square foot calculated using Size range provided by listing agent.

Description

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, providing approximately 125% of the typical energy usage. City approval is in place to tear down the structure and build a duplex, offering even more potential. A prime opportunity awaits!
MLS® Number12740326
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age1903
BasementUnfinished, Full
DrivewayGarage Door Opener, Garage, Yes, Garage Owned, Detached, Off Street, Driveway, Owned
Garage Spaces
HeatNatural Gas
A/C

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Aug 24, 2026List Date
$120,000List Price

Home Appraisal

This property is estimated to sell between: $120,000 and $183,000.
Similar properties in this area sold on average for: $161,675
Expected to sell in 62 days. Similar properties sold in 65 days. This home has been on eXp Realty for 3 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

  • Commute

Commute

Starting Address
Destination Address
506 W Reynolds St, Pontiac, IL

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