$55,000
$62,000
11.3%For more information regarding the value of a property, please contact us for a free consultation.
422 E MADISON ST Pontiac, IL 61764
4 Beds
4 Baths
Key Details
Sold Price $55,000
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 10322414
Sold Date 05/20/19
Bedrooms 4
Year Built 1891
Annual Tax Amount $2,336
Tax Year 2017
Lot Dimensions 60 X 120
Property Sub-Type Two to Four Units
Property Description
3 UNIT OFFERS ONE TWO BEDROOM UNITS AND A TWO ONE BEDROOM UNITS. ALL HAVE SEPARATE UTILITIES. RENT IS $500 FOR THE LARGEST UNIT, $400 ON ANOTHER AND $490. TOTAL INCOME MONTHLY IS $1540. TAXES ARE $2236.DOWN STAIR TENANT MAINTAINS THE YARD PLUS SNOW REMOVAL.OWNER HAS OWNED PROPERTY SINCE 1990. ONE OF THE ONE BEDROOM UNITS IS IN PROCESS OF ENTERING A 1 YEAR LEASE ON SECTION 8. THE OTHER 1 BEDROOM UNIT IS EMPTY AT THIS TIME.OWNER CHANGED ALL UTILITIES TO BE SEPARATE AND TENANTS PAYING THE RESPECTIVE UTILITIES FOR THEIR OWN UNIT.THEY DID THAT SHORTLY AFTER PURCHASING PROPERTY.LATELY THE OWNER IS RENTING OUT UNITS ON A MONTH TO MONTH BASIS EXCEPT THE SECTION 8 UNIT.
Location
State IL
County Livingston
Area Pontiac
Rooms
Basement Partial
Interior
Heating Natural Gas
Fireplace N
Exterior
Parking Features Detached
Garage Spaces 1.0
Building
Sewer Public Sewer
Water Public
New Construction false
Others
Ownership Fee Simple
Special Listing Condition None
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© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with Julie Gschwendtner • Panno Realty
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