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$1,225,000 Just Listed

  • For Sale
  • Active
  • Commercial
  • Updated 3 hours ago
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Excellent investment opportunity on Streator's desirable north side, conveniently located near popular dining, shopping, banking, recreational, and entertainment destinations. This well-maintained multifamily package features two solid brick buildings with 8 units each, offering a total of 16 units with a strong rental history and excellent reputation among tenants. The property includes spacious 1- and 2-bedroom units, each with large private storage rooms. Ownership has consistently maintained and updated the buildings throughout the years, making this a turnkey investment with long-term appeal. Additional amenities include four coin-operated laundry rooms (two washers and dryers per building), ample off-street parking, and attractive brick construction with strong curb appeal. A proven income-producing property with excellent tenant demand and upside potential.

Full Property Details for 2 Michael St

General

  • Price: $1,225,000
  • HOA FEE: $499
  • Taxes: $19,451 (2024)
  • Status: Active
  • Type: Commercial
  • Source: MRED
  • MLS ID: 12647581
  • Updated: Today (5/14/2026)
  • Added to Site: Today

Interior

  • Basement: Crawl Spac
  • Interior Features: Inside Corridor(s), Laundry Room

Location

  • Area: Kangley / Streator
  • County: LaSalle
  • Township: Bruce
  • Driving Directions: From Rt 23 (N Bloomington St.), W on Danny Dr., N on drive between bank & strip mall.

Heating & Cooling

  • Cooling Type: Central Air Conditioning, Central Individual
  • Heating Type: Electric, Baseboard, Separate per Unit

Utilities

  • Water: Private
  • Trash: 2026
  • Onsite: Sewer Connected

Structural Information

  • Construction: Brick, Wood
  • Exterior Const.: Brick, Wood
  • Basement: Yes
  • Basement Desc.: Crawl Space
  • Foundation: Concrete Perimeter
  • Roof: Composition
  • Stories/Levels: 2
  • Current Bldg. Use: Multi-Family
  • Year Built: 1982

Unit Information

  • Units w/Refrigerators: 16
  • Units w/Range/Oven: 16
  • # Dryers: 4

Lot Features

  • Lot Dimensions: 78.5 x 120 x 35 x 100
  • Frontage: City Street, Easement
  • Potential Use: Commercial, Condominium, Multi-Family
  • Zoning: COMMR

Financial Considerations

  • Maint. Fee: $499
  • Insurance Fee: $12,868
  • Operating Expenses: $66,226
  • Assessment Year: 1982
  • Tax Amount: $19,451
  • Tax Year: 2024
  • Tenant Pays: Electricity
  • Pays Electric: 2162
  • Pays Trash: 2026

Disclosures and Reports

  • Property ID: 3323214012

Listed by BHHS Central Illinois, REALTORS

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Listing agents

— 2 Michael St —

  • BHHS Central Illinois, REALTORS

  • BHHS Central Illinois, REALTORS

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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!

Price & Sales History for 2 Michael St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/14/2026
Listed
$1,225,000
96%
MLS
9/25/2019
Sold
$625,000
—
Public Record
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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 2 Michael St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$19,451
42%
$181,936
53%
2023
$13,707
100%
$119,048
6%
2022
-100%
$112,310
—
2021
$13,739
—
$112,310
—
2020
$13,684
-2%
$112,310
—
2019
$13,938
-4%
$112,310
—
2017
$14,487
-8%
$112,310
-12%
2016
$15,674
—
$127,251
—
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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Listed by BHHS Central Illinois, REALTORS

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2 Michael Street, Streator, IL 61364 (MLS# 12647581) is a Commercial property. 2 Michael Street is currently listed for $1,225,000 and was received on May 14, 2026. Want to learn more about 2 Michael Street? Do you have questions about finding other Commercial real estate for sale in Streator? You can browse all Streator real estate or contact a Coldwell Banker agent to request more information.

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