$150,000
PENDING

705 E Chestnut St Mason City, IL 62664

Estimated payment $981/month

Total Views 1,456
6 Beds
-- Bath
3,483 Sq Ft
$43 Price per Sq Ft

Highlights

  • Corner Lot
  • Two Heating Systems
  • Baseboard Heating
  • Forced Air Zoned Cooling and Heating System

About This Home

Situated on a large 125X150 corner lot in the quaint Mason County town of Mason City, this expansive aluminum sided two story four-unit multi-family property has a lot to offer at a practical price! Two main floor units as well as two upper-level units -- all have shared coin operated laundry facilities located on main floor. One main floor unit (1) has two bedrooms -- the other (2) has one bedroom. Both tenants pay for own Ameren (gas/electric) -- sellers cover water, sewer, and garbage. Unit #2 is currently vacant -- unit #1 is currently rented for $725.00/month. One upper-level unit (4) has two bedrooms -- the other (3) has one bedroom. Upper-level tenants rent includes Ameren (gas/electric) -- seller also covers water, sewer, and garbage. Unit #3 is currently rented for $825.00/month -- unit #4 is currently rented for $750.00/month. Main floor units have separate furnaces as well as a central air conditioning units -- upper-level units share a furnace and have window air conditioning (no central air upstairs). Enclosed back porch/laundry area has electric baseboard heat. All range/ovens (4) as well as refrigerators (4) are owned by sellers. Property also features a partial basement, covered front porch, two water heaters, various vinyl replacement windows throughout, and ample rear as well as side off-street parking. Various improvements throughout in recent years make this small-town income producing property all the more desirable! A super solid buy!

Listing Agent

Seth Goodman

ME Realty License #475126097 Listed on: 03/23/2026

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,290

Year Built

  • Built in 1899

Lot Details

  • Lot Dimensions are 125x150
  • Corner Lot
  • Level Lot

Home Design

  • 3,483 Sq Ft Home
  • Block Foundation
  • Shingle Roof
  • Metal Roof
  • Aluminum Siding
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 6 Bedrooms

Unfinished Basement

  • Partial Basement
  • Crawl Space

Parking

  • 8 Parking Spaces
  • Parking Pad
  • Alley Access
  • On-Street Parking

Schools

  • Illini Central High School

Utilities

  • Forced Air Zoned Cooling and Heating System
  • Two Heating Systems
  • Heating System Uses Natural Gas
  • Window Unit Heating System
  • Baseboard Heating

Listing and Financial Details

  • Assessor Parcel Number 20-08-152-001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,290

Year Built

Built in 1899

Lot Details

0 Sq Ft Lot

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Residential Income
  • Year Built: 1899
  • New Construction: No
  • Structure Type: Quadruplex
  • Special Features: None

Interior Features

  • Basement: Crawl Space, Partial, Unfinished
  • Total Bedrooms: 6

Exterior Features

  • Lot Features: Corner Lot, Level
  • Construction Type: Aluminum Siding
  • Foundation Details: Block, Concrete Perimeter
  • Roof: Metal, Shingle
  • 100YearPlain: No

Garage/Parking

  • Parking Features: Alley Access, On Street, Parking Pad
  • Total Parking Spaces: 8

Utilities

  • Cooling: Zoned, Central Air
  • Heating: Heating Systems - 2+, Baseboard, Electric, Forced Air, Natural Gas, Window Unit(s)
  • Laundry Features: Common Area
  • Water Source: Public Sewer, Public
  • GasExpense: 0
  • NumberOfRanges: 4
  • NumberofRefrigerators: 4
  • NumberOfWashers: 1
  • NumberOfDryers: 1
  • NumberOfDishwashers: 0
  • NumberOfWindowUnits: 0

Condo/Co-op/Association

  • Senior Community: No

Fee Information

  • AdvertisingExpense: 0

Schools

  • High School: Illini Central

Lot Info

  • Lot Size: 125X150
  • Parcel #: 20-08-152-001

Rental Info

  • Tenant Pays: Other
  • Lease Term: One Year or Less

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 2290.08
  • TaxExemptions: None

Map

Range of Values:

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Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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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 $2,290 $25,253 $8,744 $16,509
2023 $2,290 $23,329 $8,078 $15,251
2022 $2,078 $21,212 $7,345 $13,867
2021 $2,078 $19,659 $6,807 $12,852
2020 $2,134 $19,659 $6,807 $12,852
2019 $2,702 $24,946 $6,807 $18,139
2018 $2,683 $24,946 $6,807 $18,139
2017 $2,722 $24,946 $6,807 $18,139
2016 $2,697 $24,946 $6,807 $18,139
2015 $2,765 $24,946 $6,807 $18,139
2012 $2,765 $24,946 $6,807 $18,139
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/26/2026 04/26/26 Pending -- -- --
03/23/2026 03/23/26 For Sale $150,000 -- $43 / Sq Ft
Source: RMLS Alliance

Purchase History

Date Type Sale Price Title Company
Warranty Deed $74,000 None Listed On Document
Warranty Deed -- None Available
Warranty Deed $30,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $74,000 New Conventional
Source: Public Records

Source: RMLS Alliance

MLS Number: CA1042522

RMLS Alliance

APN: 20-08-152-001

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