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$219,000 -$10,000 (-4.37%) Price Reduced

  • For Sale
  • Active
  • Commercial
  • Updated 4 days ago
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Excellent Investment Opportunity - 6-Unit Multifamily Property Don't miss this strong cash-flowing investment property featuring 6 total units, including 3 one-bedroom apartments and 3 studio apartments. This well-maintained building offers an attractive opportunity for both new and experienced investors looking to start or expand their rental portfolio. Recent improvements include refreshed common hallways, a new furnace (2021), new water heater (2022), as well as vinyl siding and replacement windows. Tenants enjoy the convenience of an on-site laundry room with coin-operated machines, providing an additional income stream for ownership. Units 1, 3, 4, and 6 have been recently updated, and the photos reflect their condition prior to being re-leased. Units 2 and 5 have been occupied by long-term tenants for more than four years and were refreshed before their current occupancy. Featuring efficient, easy-to-rent floor plans and solid rental history, this property is a great addition to any investment portfolio. Whether you're looking for your first multifamily investment or your next income-producing asset, this opportunity deserves a closer look.

Full Property Details for 221 S Mill St

General

  • Price: $219,000
  • HOA FEE: $1,200
  • Taxes: $3,195 (2025)
  • Status: Active
  • Type: Commercial
  • Source: MRED
  • MLS ID: 12669430
  • Updated: 8/6/2026
  • Added to Site: 63 day(s) ago

Interior

  • Basement: Unfinished

Additional Information

  • Security/Safety: Carbon Monoxide Detector(s)

Location

  • Area: Pontiac
  • County: Livingston
  • Driving Directions: Mill Street South of downtown, across the river 1st house on the right.

Heating & Cooling

  • Cooling Type: Window Unit(s)
  • Heating Type: Forced Air, Gas

Utilities

  • Water: Municipal Water
  • Trash: 3000
  • Onsite: Sewer Connected, Cable Available, Fiber

Structural Information

  • Construction: Vinyl Siding
  • Exterior Const.: Vinyl Siding
  • Basement: Yes
  • Basement Desc.: Unfinished, Crawl Space
  • Foundation: Concrete Perimeter
  • Roof: Composition
  • Stories/Levels: 2
  • Year Built: 1871
  • Built Before 1978: Yes

Unit Information

  • Units w/Refrigerators: 6
  • Units w/Range/Oven: 5
  • # Dryers: 1

Lot Features

  • Lot Dimensions: 78 x 132

Financial Considerations

  • Maint. Fee: $1,200
  • Insurance Fee: $4,700
  • Operating Expenses: $17,300
  • Security Deposit: Carbon Monoxide Detector(s)
  • Assessment Year: 1871
  • Tax Amount: $3,195
  • Tax Year: 2025
  • Pays Electric: 4500
  • Pays Trash: 3000

Disclosures and Reports

  • Property ID: 151522451019

Listed by Judy Powell Realty

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Listing agent

— 221 S Mill St —

  • Judy Powell Realty

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NMLS#: 1598647

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 221 S Mill St

School Districts:Pontiac Community Consolidated School District 429, Pontiac Township High School District 90
NameGradesDistance
Lincoln Elementary School, Pontiac, IL
514 South Main Street, Pontiac, IL 61764
2-30.2 mi
Central Elementary School, Pontiac, IL
117 West Livingston Street, Pontiac, IL 61764
PK-10.4 mi
Washington Elementary School, Pontiac, IL
400 North Morrow Street, Pontiac, IL 61764
4-50.8 mi
Pontiac Jr High School, Pontiac, IL
600 North Morrow Street, Pontiac, IL 61764
6-80.8 mi
Pontiac High School, Pontiac, IL
1100 East Indiana Avenue, Pontiac, IL 61764
9-121 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 221 S Mill St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/06/2026
Price Reduced
$219,000
-4.37%
MLS
6/08/2026
Listed
$229,000
—
MLS
Get Price Alerts and Save Property
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 for 221 S Mill St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,443
8%
$39,286
14%
2024
$3,195
3%
$34,552
7%
2023
$3,112
-16%
$32,322
-12%
2022
$3,703
3%
$36,821
4%
2021
$3,601
1%
$35,405
3%
2020
$3,569
2%
$34,340
5%
2019
$3,489
4%
$32,836
3%
2018
$3,365
—
$31,900
—
2017
$3,353
—
$31,868
-1%
2016
$3,367
-1%
$32,255
—
2015
$3,402
—
$32,255
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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221 S Mill Street, Pontiac, IL 61764 (MLS# 12669430) is a Commercial property. 221 S Mill Street is currently listed for $219,000 and was received on June 08, 2026. Want to learn more about 221 S Mill Street? Do you have questions about finding other Commercial real estate for sale in Pontiac? You can browse all Pontiac real estate or contact a Coldwell Banker agent to request more information.

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