Ignacio Trujillo - Chicagoland Brokers Inc Logo
$789,000
( )
 $4,236 est/mo Sourced by Back At You

106 108 S 3rd Avenue,Mendota, IL 61342

Mendota, IL 61342

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Description

Exceptional investment opportunity featuring two well-maintained buildings comprised of one 4-unit building and one 8-unit building. Seven units have been fully remodeled with many modern updates, while four additional units are currently leased and producing steady income. All units are on 1 year lease with security deposits. One remaining vacant unit presents a prime value-add opportunity for renovation and increased rental revenue. Steady occupancy with some long term tenants. Each building has a laundry room with 2 separate coin operated W/Ds. The property also includes a 12-unit storage building, generating additional revenue with four units currently leased at $75 per month. The remaining eight units present a clear lease-up opportunity, allowing a new owner to significantly increase ancillary income and boost overall cash flow with minimal capital investment. Recent capital improvements include new roofs on both buildings at an approximate cost of $75,000, and seven numerous unit updates, reducing future maintenance expenses and enhancing long-term asset stability. This property offers a compelling combination of stabilized income, proven upgrades, and multiple avenues for revenue growth. An outstanding opportunity for investors seeking a high-performing asset with both immediate returns and long-term appreciation potential. All information deemed reliable but not guaranteed.

Details

MLS #12697176
Listing TypeFor Sale
StyleMulti Family 5+
Sub-TypeResale
StatusActive Under Contract
Year1978
Days On Site53
Listing Provided ByDickerson & Nieman Realtors - Peru | Linda Kaszynski

Features

Story(s)2
Units12
ZoningMULTI
Acreage0.78

Interior

CoolingSmall Duct High Velocity
Fireplaces Total0

Exterior

Construction MaterialsVinyl Siding

Utilities

ElectricCircuit Breakers

Taxes

Tax Year2025
Tax Annual Amount8761

Area Information

StateIL
CountyLaSalle
CityMendota
Zip Code61342
AreaMendota
Listing VS Median (in 61342)
Price:
$789,000
low | high
Med:
$162,000
100% of Average
On site:
53
low | high
Med:
128
41.40625% of Average
Sourced by Back At You

Market Activity 61342

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Contact

Learn More About This Property

Ignacio Trujillo

Ignacio Trujillo

Chicagoland Brokers Inc

 (708) 913-7119ignaciobroker@gmail.com
StateIL
CountyLaSalle
CityMendota
Zip Code61342
AreaMendota
Listing VS Median (in 61342)
Price:
$789,000
low | high
Med:
$162,000
100% of Average
On site:
53
low | high
Med:
128
41.40625% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $591K - $986K
sqft: 0 - 0
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Listing Updated: August 6, 2026 at 10:00:53 AM PDT