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101 W Richardson Street
Farmer City IL 61842 US

$115,000

Active Listing ID 12493120
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4 bed
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2.00 Bath (2 Full)
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Other

$115,000

Active Listing ID 12493120
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101 W Richardson Street Searching for a turn-key investment property with dependable income potential? This well-maintained duplex is a fantastic opportunity for both seasoned investors and those looking to grow their portfolio. With a strong rental history and consistently easy-to-rent units, this property is set up for immediate cash flow from day one. Major updates include a newer roof installed in 2024, offering added value and peace of mind for years to come. One unit features newer wood flooring, while both kitchens are finished with durable tile flooring and have been exceptionally well-maintained. One of the units has also been thoughtfully updated with oak kitchen cabinetry, newer countertops, sink, faucets, and updated bathroom fixtures, creating an attractive and comfortable living space for tenants. All kitchen appliances stay with the property, and each unit is separately metered for utilities. The property features baseboard heat and window air conditioning units, helping keep maintenance simple and efficient. Tenants are responsible for mowing and trash service, making this an even more appealing low-maintenance investment. Dedicated gravel parking is available for each unit for added convenience. Unit 101 currently rents for $550 per month and is leased through January 2028, providing long-term stability. Unit 101 1/2 rents for $650 per month, adding to the property's steady income stream. Whether you are looking to expand your investment portfolio or purchase your first income-producing property, this duplex is a smart opportunity with reliable rental income already in place.

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Property Features

  • Facts
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Full Bathrooms: 2
  • Heating Fuels: Baseboard

School Information

  • School
  • Schneider Elementary School(Elementary)
  • Blue Ridge Junior High School(MiddleSchool)
  • Blue Ridge High School(HighSchool)

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 115000
  • unparsedaddress: 101 W Richardson Street
  • postalcity: Farmer City
  • stateorprovince: IL
  • country: US
  • postalcode: 61842
  • bathroomsfull: 2
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeunits: Acres
  • livingarea: 0
  • livingareaunits: Square Feet
  • latitude: 40.246629
  • longitude: -88.642911
  • listagentfullname: Carol Meinhart
  • listagentemail: carol@sellinghomes24-7.com
  • listagentkey: 3yd-MREDIL-952201
  • listagentmlsid: 952201
  • listagentpreferredphone: (217) 898-9204
  • listagentofficephone: 2178403328
  • listofficekey: 3yd-MREDIL-95412
  • listofficemlsid: 95412
  • disclaimer: Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MREDIL
  • yearbuilt: 1978
  • listingcontractdate: 2025-10-13
  • listagenturl: http://www.thegroup.com
  • countyorparish: DeWitt
  • parcelnumber: 0528186004
  • elementaryschool: Schneider Elementary School
  • highschool: Blue Ridge High School
  • elementaryschooldistrict: 18
  • middleorjuniorschooldistrict: 18
  • highschooldistrict: 18
  • constructionmaterials: Aluminum Siding, Masonite
  • heating: Baseboard
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 4
  • parkingfeatures: Owned
  • waterfrontyn: False
  • franchiseaffiliation: None
  • rooms: Bedroom 4, Bathroom 1, Bedroom 2, Bedroom 1, Bathroom 2, Bedroom 3
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: False
  • internetconsumercommentyn: True
  • location: -88.642914, 40.246628
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"The Real Estate Group LLC", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"carol@sellinghomes24-7.com", "ListBrokerageCity":"Champaign", "ListBrokerageCountry":"US", "ListBrokerageEmail":"laura@lauraheiser.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/MREDIL/7b012561216c11ec92e30242ac110005/20220722192737114.png", "ListBrokerageName":"The Real Estate Group LLC", "ListBrokeragePhone":"(217) 898-9204", "ListBrokeragePostalCode":"61821", "ListBrokerageStateOrProvince":"IL", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"2101 Park Court", "ListBrokerageWebsiteUrl":"http://www.thegroup.com", "ListOfficeAddress1":"2101 W Park Court ", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"95412", "ListOfficeCity":"Champaign", "ListOfficeCountry":"US", "ListOfficeEmail":"laura@lauraheiser.com", "ListOfficePostalCode":"61821", "ListOfficeStateOrProvince":"IL", "ListPriceCurrencyType":"USD", "ListingTitle":"MULTI_FAMILY - Farmer City, IL", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/101-W-Richardson-St_Farmer-City_IL_61842_M80456-14728?f=listhub&s=MREDIL&m=12493120&c=rexren", "MLSModificationTimestamp":"2026-05-29 17:02:02", "Neighborhoods":[{"Description":null, "Name":"Farmer City"}], "PostalCode":null, "RoomCount":12, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":3156, "TaxDescription":null, "TaxYear":"2024"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 5/29/2026 5:08:12 PM GMT
Source Updated Date: 6/3/2026 6:54:35 PM GMT

Courtesy of: Carol Meinhart, The Real Estate Group,Inc, carol@sellinghomes24-7.com

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.