2 Michael St - Apartments FOR SALE


Streator, IL 61364
$1,125,000 USD
309-275-5670

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$1,125,000 USD
Apartments - FOR SALE
null | Request Cap Rate

2 Michael St
Streator, IL 61364


HIGHLIGHTS

  • Two attractive brick buildings providing a total of 16 residential units.
  • Convenient location near dining, retail, banking, entertainment, and recreational venues.
  • Mix of spacious one- and two-bedroom units featuring private storage rooms.
  • Four coin-operated laundry rooms with washers and dryers enhance resident services.
  • Ample off-street parking supports tenant convenience.
  • Well-maintained and updated buildings offering turnkey investment potential.

OVERVIEW

Excellent investment opportunity on Streator's desirable north side, conveniently located near popular dining, shopping, banking, recreational, and entertainment destinations. This well-maintained multifamily package features two solid brick buildings with 8 units each, offering a total of 16 units with a strong rental history and excellent reputation among tenants. The property includes spacious 1- and 2-bedroom units, each with large private storage rooms. Ownership has consistently maintained and updated the buildings throughout the years, making this a turnkey investment with long-term appeal. Additional amenities include four coin-operated laundry rooms (two washers and dryers per building), ample off-street parking, and attractive brick construction with strong curb appeal. A proven income-producing property with excellent tenant demand and upside potential.

FOR SALE DETAILS

PRICE

$1,125,000 USD

PRICE/SF

$91 USD /SF

# OF UNITS

16

PRICE/UNIT

$70,313

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Michael Street Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1982

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.76 AC

LAND SF

33,106 SF

ZONING

-

APN/PARCEL ID

33-23-214012

ASK ABOUT THIS PROPERTY

Melissa DittbennerBerkshire Hathaway Central Illinois RealtorsMore Info
309-275-5670

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Melissa DittbennerBerkshire Hathaway Central Illinois RealtorsMore Info
309-275-5670

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.