141-149 E Walnut Street Oglesby, IL $ 429,000
141-149 E Walnut Street
$ 429,000
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141-149 E Walnut Street

Oglesby, IL, 61348
$ 429,000
Bedrooms-- Baths-- Sq 9,750
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Property for Rent in Oglesby, IL

for $429,000. This 9,750 square foot property was built on a lot size of 0.45.

9-Unit income generating property features 4 apartments with well established tenants, plus a separate 3 BR/2 BA 2400 sf apartment home along with 4 commercial spaces in the heart of Downtown Oglesby. Two of the apartments are 2BR/1BA on the 2nd floor, one of the apartments is a 2-story 2BR/1.5BA with unique spiral staircase inside and entrances off both floors of the shared hallways, the 4th apartment in the main building is 1BR/1BA. All apartments have separately metered heat, electrical, & central air, landlord pays for water and sewer. 4 of the 5 Apartments have been updated or remodeled in the last 10 years, as well as the roof ~3 years ago, and tuckpointing was completed in 2025. The property also features 2 garages - one 4-car garage for use by the tenants, one 3-car garage with unfinished loft storage. There is coin operated laundry on the 2nd floor for tenants and additional parking in the rear of the building, plus some additional basement storage as needed.

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Rental Active

Price

$ 429,000

Taxes

$ 7,037

Style

Commercial

Lot Size

0.45

Town/City

Oglesby

County/Region

La Salle

MLS | Web ID

12806156

Features
General
Sewer Public Sewer
Cooling Central Air Central Individual
Utilities Electric to Site Natural Gas Available Sewer Connected Cable Available
Possession Closing
Roof Composition Membrane Reflective Coating
Zoning COMMR
Construction Materials Wood Brick Synthetic Stucco
Year Built 0
Electric Circuit Breakers
Tenant Pays Electricity Heat
Stories Count 2
Township LaSalle
Property Subtype Mixed Use
Tax Year 2025
Current Use Commercial
Gross Income 65765
Additional Parcels Description 1836104007
County LaSalle
Net Operating Income 22611
Operating Expense 43155
Insurance Expense 4000
Property Type Commercial Sale Mixed Use
Possible Use Commercial Office Retail
Status New
Directions I-39 to Oglesby/E Walnut St or IL 351 to E Walnut St east on Walnut to downtown Oglesby property on south side of street
City Oglesby
Number Of Units Total 9
MLS Area Jonesville / Oglesby / Vermilionville / Piety Hill
Lot Size Square Feet 20040
Tax Annual Amount 7037.36
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 1632
Additional Parcels Y/N Y
Lease Type Gross
Standard Status Active
Cap Rate 5.27
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Interior
Flooring Carpet Varies Vinyl
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Exterior
Water Source Municipal Water
Foundation Details Concrete Perimeter Stone
Building Area Total 9750
Lot Dimensions 120X167
Lot Size Acres 0.45
Frontage Type City Street
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* Excluded Features
List By
Coldwell Banker Commercial Real Estate Group

Broker

lerickson@cbcregroup.com; lerickson@cbcregroup.com

Email

Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/12/2026$429,000 Listed Price

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141-149 E Walnut Street, Oglesby, IL, 61348 is a Property for Rent at $429,000 with 9,750 sqft and a lot size of 0.45. The property's zip code is 61348 which is in Oglesby, IL