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106 108 S 3rd Ave , Mendota, IL 61342
$789,000
Est. Payment: $4,262.31/mo
Status: closed | Days on site: 21
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30286 - 72447,99999
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from IDX Support, its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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House Description

Exceptional investment opportunity featuring two well-maintained buildings comprised of one 4-unit building and one 8-unit building. Seven units have been fully remodeled with many modern updates, while four additional units are currently leased and producing steady income. All units are on 1 year lease with security deposits. One remaining vacant unit presents a prime value-add opportunity for renovation and increased rental revenue. Steady occupancy with some long term tenants. Each building has a laundry room with 2 separate coin operated W/Ds. The property also includes a 12-unit storage building, generating additional revenue with four units currently leased at $75 per month. The remaining eight units present a clear lease-up opportunity, allowing a new owner to significantly increase ancillary income and boost overall cash flow with minimal capital investment. Recent capital improvements include new roofs on both buildings at an approximate cost of $75,000, and seven numerous unit updates, reducing future maintenance expenses and enhancing long-term asset stability. This property offers a compelling combination of stabilized income, proven upgrades, and multiple avenues for revenue growth. An outstanding opportunity for investors seeking a high-performing asset with both immediate returns and long-term appreciation potential. All information deemed reliable but not guaranteed.
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Highlights

Listed by Linda Kaszynski , 815-228-5622 Dickerson & Nieman Realtors - Peru , 815-223-3875. Midwest Real Estate Data mls logo

Property Type

Multi-Family

Year Built

1978

County

LaSalle

Area

Mendota

Listing ID

12697176

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Interior Features

Air Cond:Small Duct High Velocity
Fireplaces:

Exterior Features

Lot Dimensions:.78
Zoning:MULTI
Parking Features:6-12 Spaces,Open,Paved,Private Lot,Parking On-Site
Principal Interest
$4,262
Taxes
$730

Home Price

$789,000

Loan Details

30 yrs
7.148%

Down Payment

20%
$157,800
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$4,262.31

Principal

Taxes

Principal Taxes HOA Total
Monthly $4,262.31 $730.08 $0.00 $4,992.40
Yearly $51,147.77 $8,761.00 $0.00 $59,908.77
Total $1,534,433.24 $262,830.00 $0.00 $1,797,263.24
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Market insight data is pulled from the same city as the listing being viewed (Mendota, IL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information submitted to the MRED as of the date listed below. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers' personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end user license agreement prescribed by the Member Participant's applicable MLS if any and as amended from time to time.

Based on information submitted to the MLS GRID as of the date listed below. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers' personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant's applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability. Some listings have been excluded from this website.

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Data last updated: 2026-11-02T21:23:08.000Z

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