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2 Michael Street Streator, IL $ 1,225,000
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$ 1,225,000 Get more info
2 Michael Street
$ 1,225,000
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2 Michael Street

Streator, IL, 61364
$ 1,225,000
Bedrooms3 Baths0.0

Monthly Estimate*

$ 7,543

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Multi-Family Home for sale in Streator, IL

for $1,225,000 with 3 bedrooms. This home was built in 1982.

Excellent investment opportunity on Streator's desirable north side, conveniently located near popular dining, shopping, banking, recreational, and entertainment destinations. This well-maintained multifamily package features two solid brick buildings with 8 units each, offering a total of 16 units with a strong rental history and excellent reputation among tenants. The property includes spacious 1- and 2-bedroom units, each with large private storage rooms. Ownership has consistently maintained and updated the buildings throughout the years, making this a turnkey investment with long-term appeal. Additional amenities include four coin-operated laundry rooms (two washers and dryers per building), ample off-street parking, and attractive brick construction with strong curb appeal. A proven income-producing property with excellent tenant demand and upside potential.

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Multi-Family Active

Price

$ 1,225,000

Bedrooms

3

Property Type

Multi-Family

Taxes

$ 19,451

Style

Multi-Family

Year Built

1982

Town/City

Streator

County/Region

La Salle

MLS | Web ID

12647581
Features
General
Cooling Central Air Central Individual
Utilities Sewer Connected
Roof Composition
Zoning COMMR
Construction Materials Brick Wood
Year Built 1982
Electric Circuit Breakers Separate Meters Service - 0 to 100 Amps
Tenant Pays Electricity
Stories Count 2
Township Bruce
Tax Year 2024
Current Use Multi-Family
Gross Income 139644
County LaSalle
Net Operating Income 73417
Operating Expense 66226
Insurance Expense 12868
Property Type Commercial Sale Multi Family 5+
MaintenanceExpense 499
Possible Use Commercial Condominium Multi-Family
Status New
Directions From Rt 23 (N Bloomington St.) W on Danny Dr. N on drive between bank & strip mall.
City Streator
Number Of Units Total 16
MLS Area Kangley / Streator
Tax Annual Amount 19451
Electric Expense 2162
Fuel Expense 0
Trash Expense 2026
Water Sewer Expense 9237
Additional Parcels Y/N N
Standard Status Active
Cap Rate 7.33
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Interior
Basement Crawl Space
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Exterior
Water Source Private
Foundation Details Concrete Perimeter
Lot Dimensions 78.5X120X35X100
Frontage Type City Street Easement
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* Excluded Features
List By
Bhhs Central Illinois, Realtors

Broker

Melissa@IL-Broker.com

Email

Affordability Calculator

$9,163
Per Month
82%
18%
0%
Monthly Principal & Interest
$7,543
Monthly Property Taxes
$1,621
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
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Pricing History
DatePricePrice ChangeDescription
5/14/2026$1,225,000 Listed Price

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2 Michael Street, Streator, IL, 61364 is a Multi-Family Home for sale at $1,225,000. 2 Michael Street has 3 bedrooms, 0.0 baths, and was built in 1982. The property's zip code is 61364 which is in Streator, IL

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