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Sold on 12/03/2024
John Groebe of Coldwell Banker Realty
  • Other
  • Kitchen
  • Bath
  • Exterior

121 E Division St, Manteno, IL 60950

  • $412,000

    Last sold 12/03/2024 for $550K

  • 8

    bed

  • 8

    bath

Multi-family not for sale
Movoto is helping 6 homebuyers near you

About 121 E Division St

Property type Multi-family
Neighborhood
Year built 1999
HOA fee $0/month
Lot size 0.5 Acre
Movoto estimate
Parking 4 garage spaces
Property description
Two 4 unit buildings with large 1100 Sq Ft units. 2 bedroom, 1&1/2 to 2 bath units with in-unit laundry, central air, gas heat and attached garage with openers. Rents at 1200, 1300,1500 and 1700/ month. Tenants paid utilities. All units in great condition with fully occupied screened long term tenants. New roof in 2019, replaced furnaces, C/A, appliances, and carpet as needed. There are 2 ranch style units and 2 townhome style units. All units have Stove refrigerator, dishwasher, washer, dryer, ceiling fans, garbage disposals, and garage door openers. Additionally a one car attached garage and 2 additional parking spaces and street parking also available. Relaxing patios and balconies, and huge yard for tenant enjoyment. Possible construct 3 more units in this big yard. 5 minutes to downtown, grocery store and interstate 57. Enjoy the sleepy town of Manteno. You will enjoy this investment for years. Built as condos...Ready for conversion to condos. Can build additional units on back lot. Sister building for sale at 141 E Division. Owner will close after the new Year not in 2024.
Listed by
Listing Agent - John Groebe
Listing Office - Coldwell Banker Realty
Source: MRED mls logo
MLS#12112012 • last updated 1 year ago
Movoto checked MRED for data 8 minutes ago
Overview
MLS # 12112012
SubType 4 Flat
Status Closed
Type Two To Four Units
Lot Size (Acres) 0.5
Property Tax $ 12767.92
Year Built 1999
Interior
Basement None, Crawl
Total # of Rooms 20
Exterior
Foundation Concrete Perimeter
Roof Asphalt
Garage Desc Attached
# Garage Spaces 4
Parking Desc Garage
Lot Desc .50-.99 Acre
Amenities / Utilities
Sewer/ Septic Desc Public Sewer
Water Source Public
# Units in Building 4
Location
Area Manteno
County Kankakee
Elementary School Manteno Primary School
Elementary School District 5
High School Manteno High School
Middle School District 5
Middle School Manteno Middle School
High School District 5
APN 3022212503000
Zoning MULTI
Multifamily Details
Expense: Trash 2024, 3600
Expense: Maintenance 3000
Expense: Insurance 2698
Expense: Other 4000
Net Operating Income 47800
Gross Income 68400
Total Rental Income 68400
$412K
Range: $313K-$510K
Last 30 days 
  • Jan 2025
    mls logo MLS # 12112012
  • Jan 29, 2025 Sold
    $550,000
  • Sep 26, 2024 Pending
    —
  • Sep 26, 2024 Active
    —
  • Sep 23, 2024 Listed
    $550,000
  • Sep 23, 2024 Listed
    $550,000
  • 121 E Division St
    $550K
  • Manteno
    —
  • 60950
    $364K +12% y/y
  • Manteno
    $369K +12% y/y
No chart available
Statistics calculated by Movoto

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5/10
Manteno Elementary School
public Grades PK, K-4
Manteno Community Unit School District 5
6/10
Manteno Middle School
public Grades 5-8
Manteno Community Unit School District 5
5/10
Manteno High School
public Grades 8-12
Manteno Community Unit School District 5
Source: GreatSchools.org © 2026. All rights reserved.

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