221 S Mill Street Pontiac, IL $ 229,000
221 S Mill Street
$ 229,000
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221 S Mill Street

Pontiac, IL, 61764
$ 229,000
Bedrooms3 Baths0.0

Monthly Estimate*

$ 1,446

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Multi-Family Home for sale in Pontiac, IL

for $229,000 with 3 bedrooms. This home was built in 1871.

Excellent Investment Opportunity - 6-Unit Multifamily Property Don't miss this strong cash-flowing investment property featuring 6 total units, including 3 one-bedroom apartments and 3 studio apartments. This well-maintained building offers an attractive opportunity for both new and experienced investors looking to start or expand their rental portfolio. Recent improvements include refreshed common hallways, a new furnace (2021), new water heater (2022), as well as vinyl siding and replacement windows. Tenants enjoy the convenience of an on-site laundry room with coin-operated machines, providing an additional income stream for ownership. Units 1, 3, 4, and 6 have been recently updated, and the photos reflect their condition prior to being re-leased. Units 2 and 5 have been occupied by long-term tenants for more than four years and were refreshed before their current occupancy. Featuring efficient, easy-to-rent floor plans and solid rental history, this property is a great addition to any investment portfolio. Whether you're looking for your first multifamily investment or your next income-producing asset, this opportunity deserves a closer look.

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Multi-Family Active

Price

$ 229,000

Bedrooms

3

Property Type

Multi-Family

Taxes

$ 3,195

Style

Year Built

1871

Town/City

Pontiac

County/Region

Livingston

MLS | Web ID

12669430

Features
General
Cooling Window Unit(s)
Utilities Sewer Connected Cable Available Fiber
Roof Composition
Construction Materials Vinyl Siding
Year Built 1871
Electric Circuit Breakers Service - 101 to 200 Amps
Stories Count 2
Tax Year 2025
Gross Income 3865
County Livingston
Net Operating Income 27085
Operating Expense 17300
Insurance Expense 4700
Property Type Commercial Sale Multi Family 5+
MaintenanceExpense 1200
Status Active
Directions Mill Street South of downtown across the river 1st house on the right.
City Pontiac
Number Of Units Total 6
MLS Area Pontiac
Tax Annual Amount 3195
Electric Expense 4500
Fuel Expense 1800
Trash Expense 3000
Water Sewer Expense 1800
Additional Parcels Y/N N
Standard Status Active
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Interior
Basement Unfinished Crawl Space
Total Fireplaces 0
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Exterior
Water Source Municipal Water
Foundation Details Concrete Perimeter
Lot Dimensions 78x132
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* Excluded Features
List By
Judy Powell Realty

Broker

briancarradus@gmail.com

Email

Affordability Calculator

$1,712
Per Month
84%
16%
0%
Monthly Principal & Interest
$1,446
Monthly Property Taxes
$266
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
Pricing History
DatePricePrice ChangeDescription
6/8/2026$229,000 Listed Price

Map


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221 S Mill Street, Pontiac, IL, 61764 is a Multi-Family Home for sale at $229,000. 221 S Mill Street has 3 bedrooms, 0.0 baths, and was built in 1871. The property's zip code is 61764 which is in Pontiac, IL