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Listed by Janelle McCarterof Landmark Realty of Illinois LLC
-
Est. payment /mo
3 Beds
0.27 Acres Lot
Active
1422-1426 5th ST Lasalle, IL 61301
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Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12454942
Bedrooms 3
Year Built 1873
Annual Tax Amount $2,534
Tax Year 2025
Lot Size 0.270 Acres
Lot Dimensions 73.8 X 161
Property Sub-Type Two to Four Units
Property Description
INVESTOR OPPORTUNITY - TWO HOMES, TWO INCOME STREAMS! Why buy one property when you can acquire TWO homes on one parcel with established rental income? Conveniently located on Route 6 with quick access to I-39, this unique investment property offers immediate cash-flow potential and long-term flexibility. The larger home features 3 bedrooms and 1 bathroom and is currently rented for $1,150/month. It received updates in 2026, including new flooring and fresh paint throughout much of the home, providing a move-in-ready rental for the current tenant. The second home offers 1 bedroom and 1 bathroom and is also currently occupied, generating $750/month in rental income. Tenants currently pay their own utilities, helping keep operating expenses lower for the owner. Current combined rental income: $1,900/month, or $22,800 annually. With two separate homes, established tenants, and $1,900/month in current rental income, this is an excellent opportunity for investors looking to add multiple income-producing units to their portfolio in one purchase. Whether you're a seasoned investor or looking for your next cash-flowing property, this setup offers immediate income potential with room for future upside.
Location
State IL
County Lasalle
Zoning MULTI
Rooms
Basement Unfinished, Partial
Interior
Heating Natural Gas, Forced Air
Fireplace N
Exterior
Garage Spaces 2.0
View Y/N true
Building
Sewer Public Sewer
Water Public
Structure Type Steel Siding
New Construction false
Schools
School District 122, 112, 120
Others
Ownership Fee Simple
Special Listing Condition None
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