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!
Active
$120,000
506 W Reynolds St, Pontiac, IL 61764
2beds
--sqft
Multi Family
Built in 1903
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Large corner lotCovered back patio
- 39 days
- 297
- 10
Zillow last checked:
Listing updated:
Listed by:
Julie Moore 815-867-1257,
RE/MAX Rising
Source: MRED as distributed by MLS GRID,MLS#: 12740326
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Natural Gas
Features
- Basement: Unfinished,Full
Property
Parking
- Total spaces: 10
- Parking features: Garage Door Opener, Garage, Yes, Garage Owned, Detached, Off Street, Driveway, Owned
- Garage spaces: 6
- Has uncovered spaces: Yes
Features
- Patio & porch: Patio
Lot
- Size: 0.32 Acres
- Dimensions: 100 x 140
- Features: Corner Lot
Details
- Additional structures: RV/Boat Storage, Second Garage, Garage(s)
- Parcel number: 151527128004
- Zoning: MULTI
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Multi Family
Materials
- Shake Siding
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1903
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Sidewalks, Street Lights, Street Paved
- Subdivision: Not Applicable
Location
- Region: Pontiac
Financial & listing details
- Tax assessed value: $101,289
- Annual tax amount: $2,959
- Date on market: 8/24/2026
- Ownership: Fee Simple
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/24/2026 | Listed for sale | $120,000 |
Source:  MRED as distributed by MLS GRID #12740326 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,959 +7.8% | $33,763 +13.7% |
| 2024 | $2,746 +15.2% | $29,695 +20% |
| 2023 | $2,383 -6% | $24,751 -1.8% |
| 2022 | $2,535 +2.8% | $25,211 +4% |
| 2021 | $2,466 +0.9% | $24,241 +3.1% |
| 2020 | $2,444 -5.4% | $23,512 -4% |
| 2018 | $2,584 +0.4% | $24,494 +0.1% |
| 2017 | $2,575 -0.4% | $24,470 -1.2% |
| 2016 | $2,586 -1% | $24,767 |
| 2015 | $2,612 +8.2% | $24,767 +2.9% |
| 2013 | $2,414 | $24,076 -5.3% |
| 2011 | -- | $25,436 -3.7% |
| 2009 | -- | $26,404 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 61764
Nearby schools
Schools provided by the listing agent
- Elementary: Attendance Centers
- Middle: Pontiac Junior High School
- High: Pontiac High School
- District: 429
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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