$125,000
$15K PRICE DROP

221 E 5th St Milledgeville, IL 61051

Estimated payment $864/month

Total Views 8,705
6 Beds
4 Baths
-- Sq Ft
-- Price per Sq Ft

About This Home

Introducing an incredible income-generating opportunity-a side-by-side, two-story duplex featuring dual 3-bedroom, 2-bath units. One unit is fully remodeled and ready for occupancy, while the opposite unit is currently leased to a long-term tenant . Tenants pay all utilities, providing stable passive income. Additional highlights include a full basement for extra storage and a two-car detached garage that is also rented to a tenant. Whether you choose to occupy one unit and earn income from the other or maintain both as an investment property, this duplex offers exceptional potential. Don't miss this turnkey opportunity to secure a valuable asset in a thriving market!

Listing Agent

Jonathan Gieson

RE/MAX of Rock Valley License #475189224 Listed on: 02/03/2025

RE/MAX of Rock Valley

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,059

Year Built

  • Built in 1900

Lot Details

  • 10,454 Sq Ft Lot
  • Lot Dimensions are 71x150

Parking

  • 2 Car Garage
  • Parking Included in Price

Home Design

  • Duplex
  • Stone Foundation
  • Asphalt Roof

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 4 Bathrooms

Basement

  • Basement Fills Entire Space Under The House

Utilities

  • Forced Air Heating System
  • Well
  • Septic Tank

Community Details

  • 2 Units
  • Insurance Expense $1,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,059

Year Built

Built in 1900

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1900
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Unfinished, Full
  • Total Bathrooms: 4
  • Total Bedrooms: 6
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 4
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: None
  • MRD_AppliancesAndFeatures: None

Exterior Features

  • Construction Materials: Other
  • Foundation Details: Stone
  • List Price: 125000
  • Roof: Asphalt
  • Waterfront: No

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: On Site, Garage Owned, Attached, Garage
  • ParkingTotal: 2

Utilities

  • Sewer: Septic Tank
  • Heating: Forced Air
  • Water Source: Well

Fee Information

  • Other Expenses $: 4000

Schools

  • Middle/Junior School District: 399

Lot Info

  • Lot Size Acres: 0.24
  • Lot Dimensions: 71X150
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 19
  • Is Parking Included in Price: Yes

Multi Family

  • Insurance Expense: 1200
  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: Duplex Side by Side

Tax Info

  • Tax Annual Amount: 2059.06
  • Tax Year: 2023
  • Tax Exemptions: None

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $2,236 $21,421 $3,526 $17,895
2023 $2,236 $19,126 $3,148 $15,978
2022 $1,879 $17,231 $2,836 $14,395
2021 $1,887 $17,231 $2,836 $14,395
2020 $1,812 $16,321 $2,836 $13,485
2019 $1,828 $16,321 $2,836 $13,485
2018 $1,783 $16,321 $2,836 $13,485
2017 $1,833 $17,231 $2,836 $14,395
2016 $1,806 $16,838 $2,836 $14,002
2015 $1,787 $16,838 $2,836 $14,002
2014 $1,701 $16,838 $2,836 $14,002
2013 $1,701 $16,838 $2,836 $14,002
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/21/2025 07/21/25 Price Changed $125,000 -1.6% $46 / Sq Ft
07/02/2025 07/02/25 Price Changed $127,000 -2.2% $47 / Sq Ft
05/13/2025 05/13/25 Price Changed $129,900 -3.7% $48 / Sq Ft
05/05/2025 05/05/25 For Sale $134,900 0.0% $50 / Sq Ft
05/04/2025 05/04/25 Off Market $134,900 -- --
04/03/2025 04/03/25 For Sale $134,900 0.0% $50 / Sq Ft
03/27/2025 03/27/25 Pending -- -- --
03/13/2025 03/13/25 Price Changed $134,900 -3.6% $50 / Sq Ft
02/03/2025 02/03/25 For Sale $139,900 -- $51 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Purchase History

Date Type Sale Price Title Company
Grant Deed $36,000 --
Source: Public Records

Similar Home in Milledgeville, IL

  • 221 E 5th St, Milledgeville, IL 61051

    $125,000

    • Studio
    • 2,720 Sq Ft
    • 221 E 5th St
    • Milledgeville, IL

    Introducing an incredible income-generating opportunity—a side-by-side, two-story duplex featuring dual 3-bedroom, 2-bath units. One unit is fully remodeled and ready for occupancy, while the opposite unit is currently leased to a long-term tenant . Tenants pay all utilities, providing stable passive income. Additional highlights include a full basement for extra storage and a two-car detached

    Jonathan Gieson Re/Max of Rock Valley

    Section Image

Source: Midwest Real Estate Data (MRED)

MLS Number: 12283025

Midwest Real Estate Data (MRED)

APN: 11-15-23-404-029