707 E Dixon Street Polo, IL $ 359,000
707 E Dixon Street
$ 359,000
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707 E Dixon Street

Polo, IL, 61064
$ 359,000
Bedrooms3 Baths0.0

Monthly Estimate*

$ 2,210

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Multi-Family Home for sale in Polo, IL

for $359,000 with 3 bedrooms. The lot size is 1.5.

Investment Opportunity - Well-Maintained 5-Unit Brick Apartment Building! Excellent income-producing opportunity with a strong long-term rental history. This solid brick 5-unit apartment building features three spacious 2-bedroom units and two 1-bedroom units, providing a desirable unit mix for tenants. All apartments are currently rented. The property includes 6 garage spaces, with each tenant having access to a garage, plus an additional garage and storage area that can be utilized by the owner or rented for additional income. Tenants enjoy a large shared courtyard, on-site coin-operated laundry, and ample outdoor space on this 1.5 acre property. Utilities are tenant-friendly, with electricity paid by tenants, while the owner covers water, sewer, and garbage expenses. The roof was replaced approximately 10 years ago, adding to the property's overall appeal and value. Whether you're expanding your investment portfolio or seeking a stable, income-generating property, this well-maintained apartment building offers consistent rental demand and excellent upside potential.

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Multi-Family Active

Price

$ 359,000

Bedrooms

3

Property Type

Multi-Family

Taxes

$ 8,134

Style

Multi-Family

Lot Size

1.5

Town/City

Polo

County/Region

Ogle

MLS | Web ID

12673136

Features
General
Cooling Central Air
Utilities Sewer Connected
Roof Composition
Association Fee Includes Water Parking Lawn Care
Construction Materials Brick
Year Built 0
Electric Circuit Breakers
Tenant Pays Air Conditioning Electricity Heat
Stories Count 1
Township Buffalo
Tax Year 2025
Current Use Multi-Family
Gross Income 37740
County Ogle
Net Operating Income 18905
Operating Expense 18835
Insurance Expense 3904
Property Type Commercial Sale Multi Family 5+
MaintenanceExpense 221
Possible Use Multi-Family
Status New
Directions From N Division Ave (IL Route 26) East on E Dixon St to property.
City Polo
Number Of Units Total 5
MLS Area Polo
Tax Annual Amount 8134.66
Electric Expense 0
Fuel Expense 0
Trash Expense 595
Water Sewer Expense 5982
Additional Parcels Y/N N
Standard Status Active
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Interior
Basement None
Total Fireplaces 0
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Exterior
Water Source Municipal Water
Foundation Details Concrete Perimeter
Lot Dimensions 230x301x230x301
Lot Size Acres 1.5
Frontage Type City Street
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* Excluded Features
List By
Heartland Realty 11 Llc

Broker

nanciedempsey5@gmail.com

Email

Affordability Calculator

$2,888
Per Month
77%
23%
0%
Monthly Principal & Interest
$2,210
Monthly Property Taxes
$678
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
Pricing History
DatePricePrice ChangeDescription
6/9/2026$359,000 Listed Price

Map


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707 E Dixon Street, Polo, IL, 61064 is a Multi-Family Home for sale at $359,000 with a lot size of 1.5. 707 E Dixon Street has 3 bedrooms and 0.0 baths. The property's zip code is 61064 which is in Polo, IL