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ActiveMLS #: 127403261 / 8Get an accurate number
ActiveMLS #: 127403261 / 82 Beds
$120,000
506 W Reynolds Street, Pontiac IL, 61764
Est. payment: $882/mo · 20% down, 30-year fixed at 6.95%, principal, interest, and taxes per the listing
Built in
1903
Lot size
0.32 acres
Property type
Two to Four Units
Listed by Julie Moore with RE/MAX Rising
Questions about this home: Nick Rife, Rife Realty, (815) 258-1471 or Nick@RifeRealty.com
Overview
This multi-family investment property sits on a large corner lot and offers exceptional opportunity. The downstairs unit is currently rented at $1,200/month plus all utilities and features two bedrooms, two living rooms, a kitchen, and a covered back patio. The upstairs has been fully gutted and is ready for renovation, allowing the next owner to add value. Two garages have been built: a 24x24 garage with a standard two-car door and a 26x36 garage with a 10-foot two-car door. The property also includes solar panels that runs all three buildings and will be turned on soon. They are leased at $70/month for 25 years. City approval is in place to tear down the structure and build a duplex, offering even more potential. A prime opportunity awaits!
Location
506 W Reynolds Street, Pontiac IL, 61764
- Township
- Pontiac
- County
- Livingston
- Area
- Pontiac
Interior
- Bedrooms
- 2
- Total rooms
- 5
- Basement
- Unfinished, Full
- Heating
- Natural Gas
Exterior and lot
- Style
- Traditional
- Construction
- Shake Siding
- Roof
- Asphalt
- Patio and porch
- Patio
- Lot features
- Corner Lot
- Lot size
- 0.32 acres (100 x 140)
- Garage spaces
- 6
- Parking
- Garage Door Opener, Garage, Garage Owned, Detached, Off Street, Driveway, Owned
- Total parking
- 10
- Sewer
Listing details
- MLS number
- 12740326
- Status
- Active
- Property type
- Two to Four Units
- Year built
- 1903
- Town
- Pontiac
- ZIP
- 61764
- Updated
- Aug 30, 2026
Estimate your payment
Term, years
Your monthly payment will be
$882
Principal, interest, and estimated taxes.
Loan $96,000 Down $24,000
- Principal and interest
- $635
- Property taxes (2025, per the listing)
- $247
Ballpark estimated payments for planning. Not a quote or a preapproval.
What this estimate includes
Principal, interest, and property taxes: the listing's reported bill when MRED has one, otherwise an estimate from typical corridor rates. Insurance and any PMI are not included, and this is not an offer of credit. Your real number depends on your credit, the lender, and the property.
Talk to Nick and he will connect you with one of his preferred lenders for a real figure.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of Sep 21, 2026, 5:52 PM CT. 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.
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