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2 Michael St
Streator, IL 61364
Michael Street Apartments · Multifamily Property For Sale
·
16 Units
Investment Highlights
- Two attractive brick buildings providing a total of 16 residential units.
- Mix of spacious one- and two-bedroom units featuring private storage rooms.
- Ample off-street parking supports tenant convenience.
- Convenient location near dining, retail, banking, entertainment, and recreational venues.
- Four coin-operated laundry rooms with washers and dryers enhance resident services.
- Well-maintained and updated buildings offering turnkey investment potential.
Executive Summary
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.
Property Facts
| Price Per Unit | $70,313 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.76 AC |
| No. Units | 16 | Building Size | 12,320 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1982 |
| Apartment Style | Low-Rise |
| Price Per Unit | $70,313 |
| Sale Type | Investment |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.76 AC |
| Building Size | 12,320 SF |
| No. Stories | 2 |
| Year Built | 1982 |
Amenities
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | - |
| 2+1 | 8 | - | - |
Property Taxes
| Parcel Number | 33-23-214012 | Improvements Assessment | $172,000 |
| Land Assessment | $9,936 | Total Assessment | $181,936 |
Property Taxes
Parcel Number
33-23-214012
Land Assessment
$9,936
Improvements Assessment
$172,000
Total Assessment
$181,936
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