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Property view

101 W Richardson Street, 
Farmer City, IL 61842

$115,000


4

Beds


2

Baths


-

Sq Ft


Multi-Family

Sold

Listed by

Carol Meinhart

Bought with Nate Evans Group

The Real Estate Group,Inc

MLS#

12493120

Source:

MLSNI

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About This Home

101 W Richardson Street

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.

Home Facts

Multi-Family

2 Baths

4 Bedrooms

Built in 1978

Price Summary

115,000

MLS #:

12493120

Sold:

June 30, 2026


Rooms & Interior

Bedrooms

Total Bedrooms:

4

Bathrooms

Total Bathrooms:

2

Full Bathrooms:

2


Structure

Structure

Year Built:

1978


Finances & Disclosures

Finances

Price:

$115,000

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