506 W Reynolds Street
Pontiac, IL, 61764
$120,000
2 Beds
1 Baths
0 SqFt
0.32 Acres
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MLS #MRD12740326 image #0
This multi-family investment property sits on a large corner lot and offers exceptional opportunity. The downstairs unit is currently rented at $1,200/month plus all utilities and features two bedrooms, two living rooms, a kitchen, and a covered back patio. The upstairs has been fully gutted and is ready for renovation, allowing the next owner to add value. Two garages have been built: a 24×24 garage with a standard two-car door and a 26×36 garage with a 10-foot two-car door. The property also includes solar panels that runs all three buildings and will be turned on soon. They are leased at $70/month for 25 years. City approval is in place to tear down the structure and build a duplex, offering even more potential. A prime opportunity awaits!

Property Details

Price:
$120,000
MLS #:
MRD12740326
Status:
Active
Beds:
2
Baths:
1
Type:
Multi Family
Neighborhood:
pontiac
Listed Date:
Aug 24, 2026
Year Built:
1903
TraditionalPontiacPontiacAttendance CentersPontiac Junior High SchoolPontiac High School

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Schools

School District:
90
Elementary School:
Attendance Centers
Middle School:
Pontiac Junior High School
High School:
Pontiac High School

Interior

Heating
Natural Gas

Exterior

Architectural Style
Traditional
Community Features
Sidewalks, Street Lights, Street Paved
Construction Materials
Shake Siding
Garage Spaces
6
Lot Features
Corner Lot
Other Structures
RV/Boat Storage, Second Garage, Garage(s)
Parking Features
Garage Door Opener, Garage, Yes, Garage Owned, Detached, Off Street, Driveway, Owned
Parking Spots
10
Parking Total
10
Patio And Porch Features
Patio
Roof
Asphalt

Financial

Tax Year
2025
Taxes
$2,959

Map

Community

Market Summary

Current real estate data for Multi Family in Pontiac as of Oct 10, 2026
3
Multi Family Listed
340
Avg DOM
$249,933
Avg List Price

Property Summary

    Located in the Not Applicable subdivision, 506 W Reynolds Street Pontiac IL is a Multi Family for sale in Pontiac, IL, 61764. It is listed for $120,000

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