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724 S Main Street Kewanee, IL 61443 Multi Unit - Multiple New

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Description

Excellent income-producing investment opportunity! This well-maintained, move-in ready two-story duplex offers outstanding potential for investors or owner to live in one unit and have second unit as rental income. The main-level unit features an inviting eat-in kitchen, two bedrooms, living room, bonus room, and a full bath. New furnace installed December 2018. The spacious upper-level unit offers two bedrooms, an eat-in kitchen, living room, and a full bath, providing desirable living space for tenants. New furnace October 2025 and water heater May 2026. Additional amenities include a detached one-car garage and a convenient location close to downtown shopping, restaurants, schools, and other local amenities, making this property attractive to renters. For added peace of mind, the lead water service line was replaced approximately eight years ago, with a new plastic line installed from the curb box to the water meter. Each unit has its own electrical service, water heater, and furnace. Exterior and interior entrance to basement is only accessible to landlord. Many vinyl replacements windows have been installed. Ample street parking accessible from a concrete back alley. Whether you're expanding your investment portfolio or searching for a property with excellent income potential, this duplex is a smart opportunity with lasting value. Don't miss your chance to own this versatile, income-producing property!

Property Highlights

Property Type: Multi Unit - Multiple

General Information

County: Henry
Listed By:
Mel Foster Co. Kewanee 309-854-0001
MRED MLS
$87,500
Est. $653/mo
1cars
New to the Market New
BEDS0 BATHS MLS#12693676
STATUSNew PROPERTY TYPEMulti Unit - Multiple SCHOOLDistrict 229

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724 S Main Street , Kewanee, IL 61443.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $87,500$87,500$87,500
Down Payment $17,500$3,063$21,875
Monthly Mortgage Amount $431$522$545
Taxes $122$122$122
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$38$0
Monthly Estimated Total $653$782$767

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