Courtesy of: Janelle McCarter, Landmark Realty of Illinois LLC, jalilley24@yahoo.com
Courtesy of: Janelle McCarter, Landmark Realty of Illinois LLC, jalilley24@yahoo.com
$122,000
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3 bed
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2.00 Bath (2 Full)
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Lot: 0.27 Acres
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Other
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$122,000
1422-1426 5th Street INVESTOR OPPORTUNITY - TWO HOMES, TWO INCOME STREAMS! Why buy one property when you can acquire TWO homes on one parcel with established rental income? Conveniently located on Route 6 with quick access to I-39, this unique investment property offers immediate cash-flow potential and long-term flexibility. The larger home features 3 bedrooms and 1 bathroom and is currently rented for $1, 150/month. It received updates in 2026, including new flooring and fresh paint throughout much of the home, providing a move-in-ready rental for the current tenant. The second home offers 1 bedroom and 1 bathroom and is also currently occupied, generating $750/month in rental income. Tenants currently pay their own utilities, helping keep operating expenses lower for the owner. Current combined rental income: $1, 900/month, or $22, 800 annually. With two separate homes, established tenants, and $1, 900/month in current rental income, this is an excellent opportunity for investors looking to add multiple income-producing units to their portfolio in one purchase. Whether you're a seasoned investor or looking for your next cash-flowing property, this setup offers immediate income potential with room for future upside.
Courtesy of: Janelle McCarter, Landmark Realty of Illinois LLC, jalilley24@yahoo.com
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