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Listing provided courtesy of Judy Powell RealtyMREDas Distributed by MLSGrid- MLS# 12669430MLS Provider

221 S Mill StreetPontiac, IL 61764

Commercial · 3 Beds
$229,000 Active

221 S Mill Street Overview

Time on Site:
21 days
Visits:
0

Excellent Investment Opportunity - 6-Unit Multifamily Property Don't miss this strong cash-flowing investment property featuring 6 total units, including 3 one-bedroom apartments and 3 studio apartments. This well-maintained building offers an attractive opportunity for both new and experienced investors looking to start or expand their rental portfolio. Recent improvements include refreshed common hallways, a new furnace (2021), new water heater (2022), as well as vinyl siding and replacement windows. Tenants enjoy the convenience of an on-site laundry room with coin-operated machines, providing an additional income stream for ownership. Units 1, 3, 4, and 6 have been recently updated, and the photos reflect their condition prior to being re-leased. Units 2 and 5 have been occupied by long-term tenants for more than four years and were refreshed before their current occupancy. Featuring efficient, easy-to-rent floor plans and solid rental history, this property is a great addition to any investment portfolio. Whether you're looking for your first multifamily investment or your next income-producing asset, this opportunity deserves a closer look.

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221 S Mill Street Facts & Features

  • Type Commercial

Details

General

Income/Expenses

  • Other Expense: 0
  • Electric Expense: 4500
  • Fuel Expense: 1800
  • Gross Income: 3865
  • Gross Scheduled Income: 47580
  • Insurance Expense: 4700
  • Maintenance Expense: 1200
  • Net Operating Income: 27085
  • Operating Expense: 17300
  • Trash Expense: 3000
  • Water Sewer Expense: 1800

Building Information

  • Year Built: 1871

Location/Region

  • County Or Parish: Livingston
  • MLS Area Major: Pontiac

Tax Information

  • Tax Annual Amount: $3,195.00
  • Tax Year: 2025

General Information

  • Parcel Number: 151522451019
  • Property Type: Commercial Sale

Interior

General Information

  • Basement: Unfinished, Crawl Space
  • Cooling: Window Unit(s)
  • Electric: Circuit Breakers, Service - 101 to 200 Amps
  • Fireplaces Total: 0
  • Foundation Details: Concrete Perimeter
  • Stories: 2

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Size Dimensions: 78x132
  • Water Source: Municipal Water

Building Exterior/Construction

  • Construction Materials: Vinyl Siding
  • Roof: Composition

General Information

  • Number Of Units Total: 6
  • Utilities: Sewer Connected,Cable Available,Fiber

Unit Information

Unit 1 Details

  • Unit Type: Unit 1
  • Beds Total: 1
  • Baths Total: 1
  • Units Total: 1

Unit 2 Details

  • Unit Type: Unit 2
  • Beds Total: 1
  • Baths Total: 1
  • Units Total: 1

Unit 3 Details

  • Unit Type: Unit 3
  • Beds Total: 0
  • Baths Total: 1
  • Units Total: 1

Unit 4 Details

  • Unit Type: Unit 4
  • Beds Total: 0
  • Baths Total: 1
  • Units Total: 1

Unit 5 Details

  • Unit Type: Unit 5
  • Beds Total: 1
  • Baths Total: 1
  • Units Total: 1

Unit 6 Details

  • Unit Type: Unit 6
  • Beds Total: 0
  • Units Total: 0

Unit 7 Details

  • Unit Type: Unit 7
  • Beds Total: 0
  • Units Total: 0

221 S Mill Street Neighborhood

Community

61764 (Pontiac) Demographics

40
Median Age
86
Population Density (per sq. mile)
23%
College Educated
$54,760
Estimated Median Income
3,542
Estimated Total Home Owners
1,796
Estimated Total Renters
66% / 34%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

221 S Mill Street Monthly Cost

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$
$
Jim Luxem Jr
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

221 S Mill Street Market Data

Based on the last 30 days in this zip code

$222,553
Average List Price
$114
Average Price per Square Foot
14
Properties Sold
83
Average Days on Market
32
Properties for Sale
Calculations provided by Reliance Network

221 S Mill Street History

Date Event Value Agent
6/13/2026Source: MRED Status Change
Active
6/8/2026Source: MRED Added to Database
June 08, 2026
6/20/2022Source: MRED Added to Database
January 27, 2022