1. Illinois
  2. Byron
  3. 217 E 3rd Street
$374,900

217 E 3rd Street, Byron, IL 61010

  • 3,055 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1974
  • Property Lot Size Icon0.26acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $123/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

Investment Opportunity - Fully Rented 8-Unit Multifamily Property Near Town! Discover this well-maintained 8-unit multifamily property offering an excellent investment opportunity with consistent rental income. Conveniently located close to town, this property features eight studio apartments, each equipped with a refrigerator, stove, and either a wall or window A/C unit for tenant comfort. The building is thoughtfully designed with four units on the upper level and four on the lower level, connected by central carpeted hallways on each floor. Each unit is separately metered for electricity, allowing tenants to pay their own electric bills. The landlord covers water, sewer, and garbage, simplifying utility management. All units are currently fully rented, making this a turnkey investment with immediate cash flow potential. Whether you're expanding your portfolio or seeking your first multifamily investment, this property offers reliable returns and long-term potential. Don't miss this opportunity!

Listing Status:
Active
Listing Office:
Re/Max of Rock Valley : 815-732-9100
Listing Agent:
Rebecca Adams : 815-509-5837
MLS ID:
12388598
  • A/C: Window Unit(s)

This listing courtesy of Rebecca Adams, Re/Max of Rock Valley

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Get Prequalified »
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

M

Mary Morgan Elementary School

420 N Colfax St, Byron, IL, 61010

Grades PK-5

0.62 miles away

B

Byron Middle School

325 N Colfax St, Byron, IL, 61010

Grades 6-8

0.50 miles away

B

Byron High School 9-12

696 N Colfax St, Byron, IL, 61010

Grades 9-12

0.66 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.