Sold for $675,000

$675,000

502-516 Cedar St, Shannon, IL 61078

--beds

--baths

2,144sqft

5+ Units

Built in 2007

-- sqft lot

$691,500 Zestimate^®

$315/sqft

$1,031 Estimated rent

Home value

$691,500

Estimated sales range

Not available

$1,031/mo

Zestimate^® history

Owner options

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$1,031/mo

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$1,031/mo

Rent Zestimate^®

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$3,996/mo

Est. payment

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$3,996/mo

Est. payment

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What's special

Functional layoutsConvenient main-floor laundryUnits include appliancesSingle-story duplex

Excellent investment opportunity featuring four well-maintained ranch-style duplex buildings for a total of eight units. Built in 2007, each single-story duplex offers two side-by-side 2-bedroom units, each with its own private 1-stall garage. All units include appliances and convenient main-floor laundry. The property has a strong rental history and has been consistently well cared for, making it a turnkey option for investors seeking stable income. Quality construction, functional layouts, and easy maintenance add to the long-term appeal of this solid multifamily investment.

Facts & features

Interior

Heating

Forced Air, Natural Gas

Cooling

Central Air

Appliances

Included: Disposal, Dishwasher, Microwave, Refrigerator, Stove/Cooktop, Natural Gas Water Heater

Features

Has basement: Yes

Interior area

Total structure area: 2,144
Total interior livable area: 2,144 sqft
Finished area above ground: 2,144
Finished area below ground: 0

Property

Parking

Total spaces: 8
Parking features: Garage
Garage spaces: 6

Features

Levels: One
Stories: 1
Patio & porch: Deck, Covered

Details

Additional parcels included: 010619105007,010619105008,011619105009
Parcel number: 010619105006

Construction

Type & style

Home type: MultiFamily
Property subtype: 5+ Units

Materials

Vinyl
Roof: Shingle

Condition

Year built: 2007

Utilities & green energy

Electric: Circuit Breakers
Sewer: City
Water: City
Utilities for property: Separate Utilities

Community & HOA

Location

Region: Shannon

Financial & listing details

Price per square foot: $315/sqft
Annual tax amount: $11,842
Price range: $675K - $675K
Date on market: 12/15/2025
Listing terms: 1031 Exchange

Price history

Date	Event	Price
2/27/2026	Sold	$675,000$315/sqft
Source: NorthWest Illinois Alliance of REALTORS® #202507564 Report a problem
12/15/2025	Pending sale	$675,000$315/sqft
Source: NorthWest Illinois Alliance of REALTORS® #202507564 Report a problem
12/15/2025	Listed for sale	$675,000+92.9%$315/sqft
Source: NorthWest Illinois Alliance of REALTORS® #202507564 Report a problem
11/13/2014	Sold	$350,000$163/sqft
Source: NorthWest Illinois Alliance of REALTORS® #125958 Report a problem

Public tax history

Tax history is unavailable.

Neighborhood: 61078

Nearby homes

Nearby schools

GreatSchools rating

6/10
Eastland Middle School
Grades: PK-6Distance: 0.2 mi
7/10
Eastland High School
Grades: 7-12Distance: 5.7 mi

Schools provided by the listing agent

Elementary: Eastland
Middle: Eastland
High: Eastland
District: Eastland

Source: NorthWest Illinois Alliance of REALTORS®. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.