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
See this Listing
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
- Address506 W Reynolds Street Pontiac IL
- SubdivisionNot Applicable
- CityPontiac
- CountyLivingston
- Zip Code61764
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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Copyright 2026. All rights reserved.
506 W Reynolds Street
Pontiac, IL

