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$59,900
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Property Description
Don't miss out on this well-maintained, income-generating property located at 518 E. Payson St. in Pontiac, IL. Built in 1940, this home offers a fantastic investment opportunity with current tenants in place, generating top-market rental income. An investor can step right into a cash-flowing rental today! The property features a full basement, central AC, and a garage, offering extra space and convenience. Schedule a showing today to see the potential this property has to offer!
Full Property Details
Full Property Details for 518 E Payson St
General
- Sold For: $59,900
- Taxes: $1,603 (2023)
- Status: Closed
- Type: Single Family
- Source: MRED
- MLS ID: 12292226
- Added to Site: 368 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Bedrooms
- Total Bedrooms: 2
Additional Information
- Other Features: Flood Zone
Parking
- Garage: Yes
- Garage Spaces: 1
- Total Spaces: 1
- Parking Features: On Site, Garage Owned, Detached, Garage
- Parking On-Site: Yes
Location
- Area: Pontiac
- County: Livingston
- Subdivision: Not Applicable
- Driving Directions: Head East on Water Street, turn South on Bradford Street, then East on Payson Street. House is on the South side of the street.
School Information
- School District: 429
- Midd School District: 429
- Elementary School: Lincoln Elementary School
- Middle School: Pontiac Junior High School
- High School: Pontiac High School
- Private School: Pontiac High School
Community
- Assoc. Fees Include: None
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Natural Gas
Utilities
- Water: Public
Structural Information
- Architectural Style: Ranch
- Construction: Wood Siding
- Exterior Const.: Wood Siding
- Basement Desc.: Unfinished, Full
- Foundation: Block
- Roof: Asphalt
- Square Feet: 700
- Sq. Ft. Source: Assessor
- Year Built: 1940
- Built Before 1978: Yes
Lot Features
- Lot Size (Acres): 0.15
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 50 x 126
Financial Considerations
- Assessment Year: 1940
- Tax Amount: $1,603
- Tax Year: 2023
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 151523380007
Listed by Kyle DeLong Properties
Sold by Coldwell Banker Real Estate Group
Get Pre-Approved Today
Schools
Schools serving 518 E Payson St
School Districts:Pontiac Community Consolidated School District 429, Pontiac Township High School District 90
| Name | Grades | Distance |
|---|---|---|
Washington Elementary School, Pontiac, IL 400 North Morrow Street, Pontiac, IL 61764 | 4-5 | 0.4 mi |
Lincoln Elementary School, Pontiac, IL 514 South Main Street, Pontiac, IL 61764 | 2-3 | 0.7 mi |
Central Elementary School, Pontiac, IL 117 West Livingston Street, Pontiac, IL 61764 | PK-1 | 0.8 mi |
Pontiac Jr High School, Pontiac, IL 600 North Morrow Street, Pontiac, IL 61764 | 6-8 | 0.4 mi |
Pontiac High School, Pontiac, IL 1100 East Indiana Avenue, Pontiac, IL 61764 | 9-12 | 0.7 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 518 E Payson St
Date
Details
Price
Change
Source
7/08/2025
Sold
$59,900
—
MLS
5/18/2025
Price Reduced
$59,900
-7.85%
MLS
4/25/2025
Price Reduced
$65,000
-5.8%
MLS
3/19/2025
Price Reduced
$69,000
-8%
MLS
2/17/2025
Listed
$75,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
518 E Payson Street, Pontiac, IL 61764 (MLS# 12292226) is a Single Family property that was sold at $59,900 on July 08, 2025. Want to learn more about 518 E Payson Street? Do you have questions about finding other Single Family real estate for sale in Pontiac? You can browse all Pontiac real estate or contact a Coldwell Banker agent to request more information.

