Date
Details
Price
Change
Source
8/24/2026
Listed
$120,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$120,000
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Property Description
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!
Full Property Details
Full Property Details for 506 W Reynolds St
General
- Price: $120,000
- Taxes: $2,959 (2025)
- Status: Active
- Type: Multi-Family
- Source: MRED
- MLS ID: 12740326
- Updated: 8/30/2026
- Added to Site: 50 day(s) ago
Rental Information
- Complex Features: Sidewalks, Street Lights, Street Paved
Interior
- Basement: Unfinished
Rooms
Bathrooms
- Total Bathrooms: 1
- Upper - Full Baths: 1
Bedrooms
- Total Bedrooms: 2
Parking
- Garage: Yes
- Garage Spaces: 6
- Total Spaces: 10
- Parking Features: Garage Door Opener, Garage, Yes, Garage Owned, Detached, Off-Street, Driveway, Owned
Location
- Area: Pontiac
- County: Livingston
- Township: Pontiac
- Subdivision: Not Applicable
- Driving Directions: From I55 take Exit 197 and go east into Pontiac. Continue on Reynolds St. and head east over the RR tracks. Drive 3 blocks and house is on the south side of the street.
School Information
- School District: 429
- Elem School District: 429
- Midd School District: 429
- High School District: 90
- Elementary School: Attendance Centers
- Middle School: Pontiac Junior High School
- High School: Pontiac High School
- Private School: Pontiac High School
Heating & Cooling
- Heating Type: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Info: Traditional
- Architectural Style: Traditional
- Construction: Shake Siding
- Exterior Const.: Shake Siding
- Basement: Yes
- Basement Desc.: Unfinished, Full
- Roof: Asphalt
- Year Built: 1903
- Built Before 1978: Yes
Unit Information
- Units in Building: 2
Additional Structures
- Other Structures: RV/Boat Storage, Second Garage, Garage(s)
Lot Features
- Lot Size (Acres): 0.32
- Lot Size Range: .25 to .49 Acre
- Lot Dimensions: 100 x 140
- Lot Features: Corner Lot
- Zoning: MULTI
Financial Considerations
- Parking Included: Yes
- Assessment Year: 1903
- Tax Amount: $2,959.26
- Tax Year: 2025
- Pays Sewer: Public Sewer
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 151527128004
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Schools
Schools serving 506 W Reynolds St
School Districts:Pontiac Community Consolidated School District 429, Pontiac Township High School District 90
| Name | Grades | Distance |
|---|---|---|
Lincoln Elementary School, Pontiac, IL 514 South Main Street, Pontiac, IL 61764 | 2-3 | 0.3 mi |
Central Elementary School, Pontiac, IL 117 West Livingston Street, Pontiac, IL 61764 | PK-1 | 0.7 mi |
Washington Elementary School, Pontiac, IL 400 North Morrow Street, Pontiac, IL 61764 | 4-5 | 1 mi |
Pontiac Jr High School, Pontiac, IL 600 North Morrow Street, Pontiac, IL 61764 | 6-8 | 1.1 mi |
Pontiac High School, Pontiac, IL 1100 East Indiana Avenue, Pontiac, IL 61764 | 9-12 | 1.3 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 506 W Reynolds St
Tax History
Tax History for 506 W Reynolds St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,959
8%
$33,763
14%
2024
$2,746
15%
$29,695
20%
2023
$2,383
-6%
$24,751
-2%
2022
$2,535
3%
$25,211
4%
2021
$2,466
1%
$24,241
3%
2020
$2,444
2%
$23,512
5%
2019
$2,389
-8%
$22,482
-8%
2018
$2,584
—
$24,494
—
2017
$2,574
—
$24,470
-1%
2016
$2,586
-1%
$24,767
—
2015
$2,612
—
$24,767
—
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 506 W Reynolds St
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- Single Family
- Active
- Updated 1 day ago
- 4Beds
- 2Total Baths
- 1,929Sq. Ft.
- Single Family
- Active
- Updated 1 day ago
- 2Beds
- 1Total Bath
- 1,236Sq. Ft.
- Single Family
- Active
- Updated 1 day ago
- 2Beds
- 2Total Baths
- 1,993Sq. Ft.
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- Single Family
- Active
- Updated 3 days ago
- 5Beds
- 3Total Baths
- 2,872Sq. Ft.
- Single Family
- Active
- Updated 1 day ago
- 1Bed
- 3Total Baths
- 1,568Sq. Ft.
- Single Family
- Active
- Updated 1 day ago
- 2Beds
- 1Total Bath
- 1,080Sq. Ft.
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- Single Family
- Closed
- Updated 6 days ago
- 1Bed
- 2Total Baths
- 3,405Sq. Ft.
506 W Reynolds Street, Pontiac, IL 61764 (MLS# 12740326) is a Multi-Family property with 2 units containing 2 bedrooms and 0 full bathrooms. 506 W Reynolds Street is currently listed for $120,000 and was received on August 24, 2026. Want to learn more about 506 W Reynolds Street? Do you have questions about finding other Multi-Family real estate for sale in Pontiac? You can browse all Pontiac real estate or contact a Coldwell Banker agent to request more information.