221 S Mill Street
Pontiac, IL, 61764
$219,000
3 Beds
5 Baths
0 SqFt
0 Acres
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MLS #MRD12669430 image #0
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.

Property Details

Price:
$219,000
MLS #:
MRD12669430
Status:
Active Under Contract
Beds:
3
Baths:
5
Type:
Commercial
Neighborhood:
pontiac
Listed Date:
Jun 8, 2026
Year Built:
1871
PontiacPontiac

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Schools

Interior

Cooling
Window Unit(s)

Exterior

Construction Materials
Vinyl Siding
Roof
Composition
Stories
2

Financial

Maintenance Fee
$1,200
Net Operating Income
$27,085
Tax Year
2025
Taxes
$3,195

Map

Community

Market Summary

Current real estate data for Commercial in Pontiac as of Oct 06, 2026
10
Commercial Listed
471
Avg DOM
$276,760
Avg List Price

Property Summary

    221 S Mill Street Pontiac IL is a Commercial for sale in Pontiac, IL, 61764. It is listed for $219,000

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