About This Home

This 2-bedroom, 1-bathroom residential multi family at 506 W Reynolds Street in Pontiac, IL is listed for $120,000. Built in 1903, on a 0.32 acres lot.

Key Features

  • Built in 1903
  • 0.32 acre lot
  • 10 parking spaces

Property Details

1 full
6-car garage
1903

Amenities

Solar
Listing Description

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 24x24 garage with a standard two-car door and a 26x36 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!

Monthly Cost Estimate

$642/mo

20% down · 6.5% · 30 years

Principal$87
Interest$520
Insurance$35

Estimates only. Actual payments may vary.

Location

506 W Reynolds Street

Pontiac, IL 61764

Property Details

Construction

Shake Siding

Outdoor Features

Patio

Parking

OpenOff StreetDrivewayOwnedGarage

Heating

Natural Gas

Questions & Answers

This 2-bedroom, 1-bathroom residential multi family at 506 W Reynolds Street is listed at $120,000. The estimated monthly payment is $642 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1903, 0.32 acre lot, 10 parking spaces.

This property is listed by Julie Moore.

JM

Julie Moore

Agent at RE/MAX Rising

Listed by RE/MAX Rising · Broker phone: (309) 275-9333 · View on Broker Site · Broker website

MLS# 12740326· Source: Midwest Real Estate Data, LLC· 71 days on PropertySimple

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

506 W Reynolds Street, Pontiac, IL 61764

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