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$87,500 Sale Pending
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Property Description
Excellent income-producing investment opportunity! This well-maintained, move-in ready two-story duplex offers outstanding potential for investors or owner to live in one unit and have second unit as rental income. The main-level unit features an inviting eat-in kitchen, two bedrooms, living room, bonus room, and a full bath. New furnace installed December 2018. The spacious upper-level unit offers two bedrooms, an eat-in kitchen, living room, and a full bath, providing desirable living space for tenants. New furnace October 2025 and water heater May 2026. Additional amenities include a detached one-car garage and a convenient location close to downtown shopping, restaurants, schools, and other local amenities, making this property attractive to renters. For added peace of mind, the lead water service line was replaced approximately eight years ago, with a new plastic line installed from the curb box to the water meter. Each unit has its own electrical service, water heater, and furnace. Exterior and interior entrance to basement is only accessible to landlord. Many vinyl replacements windows have been installed. Ample street parking accessible from a concrete back alley. Whether you're expanding your investment portfolio or searching for a property with excellent income potential, this duplex is a smart opportunity with lasting value. Don't miss your chance to own this versatile, income-producing property!
Full Property Details
Full Property Details for 724 S Main St
General
- Price: $87,500
- Taxes: $2,643 (2025)
- Status: Pending
- Type: Multi-Family
- Source: MRED
- MLS ID: 12693676
- Updated: 7/10/2026
- Added to Site: 11 day(s) ago
Interior
- Basement: Unfinished
Parking
- Garage: Yes
- Garage Spaces: 1
- Total Spaces: 6
- Parking Features: Detached, Garage
Location
- Area: Kewanee
- County: Henry
- Township: Kewanee
- Driving Directions: Located on S Main St, Kewanee
School Information
- School District: 229
- Elem School District: 229
- Midd School District: 229
- High School District: 229
Heating & Cooling
- Heating Type: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Vinyl Siding
- Exterior Const.: Vinyl Siding
- Basement: Yes
- Basement Desc.: Unfinished, Full
- Foundation: Brick/Mortar
- Roof: Asphalt
- Year Built: 1907
- Built Before 1978: Yes
Unit Information
- Units in Building: 2
Lot Features
- Lot Size (Acres): 0.16
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 52 x 130
- Lot Features: Level
Financial Considerations
- Assessment Year: 1907
- Tax Amount: $2,643
- Tax Year: 2025
- Pays Sewer: Public Sewer
Disclosures and Reports
- Property ID: 2033454008
Listed by Mel Foster Co. Kewanee
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Schools
Schools serving 724 S Main St
School District:Kewanee Community Unit School District 229
| Name | Grades | Distance |
|---|---|---|
Central Elementary School, Kewanee, IL 215 East Central Boulevard, Kewanee, IL 61443 | 4-6 | 0.5 mi |
Irving Elementary School, Kewanee, IL 609 West Central Boulevard, Kewanee, IL 61443 | 2-3 | 0.6 mi |
Belle Alexander Elementary School 1401 Lake Street, Kewanee, IL 61443 | K-1 | 1.4 mi |
Central Junior High School, Kewanee, IL 215 East Central Boulevard, Kewanee, IL 61443 | 7-8 | 0.5 mi |
Kewanee High School 1101 East 3rd Street, Kewanee, IL 61443 | 9-12 | 0.9 mi |
Neponset Grade School 201 West Main Street, Neponset, IL 61345 | PK-8 | 8.1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 724 S Main St
Date
Details
Price
Change
Source
7/03/2026
Listed
$87,500
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 724 S Main St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,643
29%
$24,828
19%
2021
$2,043
—
$20,846
10%
2021
$2,043
—
$18,968
8%
2021
$2,043
2%
$17,563
2%
2020
$2,007
-2%
$17,176
-4%
2019
$2,042
-3%
$17,922
-2%
2018
$2,109
2%
$18,362
1%
2017
$2,076
-1%
$18,126
-1%
2016
$2,094
1%
$18,309
2%
2015
$2,066
1%
$18,003
-2%
2013
$2,046
—
$18,278
-1%
2013
$2,046
—
$18,463
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 724 S Main St
724 S Main Street, Kewanee, IL 61443 (MLS# 12693676) is a Multi-Family property with 2 units containing 0 bedrooms and 0 full bathrooms. 724 S Main Street is currently listed for $87,500 and was received on July 03, 2026. Want to learn more about 724 S Main Street? Do you have questions about finding other Multi-Family real estate for sale in Kewanee? You can browse all Kewanee real estate or contact a Coldwell Banker agent to request more information.
