2 Michael St

Streator, IL 61364

$1,125,000
Price
24
Beds
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
Get preapproved with Rocket Mortgage1

Description

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...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.
  1. Listed by Melissa Dittbenner • BHHS Central Illinois, REALTORS
    P: (309)-275-5670 C: (309)-275-5670 Melissa@IL-Broker.com
  2. Listed by John Albee • BHHS Central Illinois, REALTORS
    P: (309)-275-5646 C: (309)-275-5646 john@johnalbee.com

Property Details for 2 Michael Street

Area
Kangley / Streator
Township
Bruce
Air Conditioning Type
Central Air, Central Individual
Zoning
COMMR
LISTING UPDATED: 06/02/2026 07:10 PM

Property Details for 2 Michael Street

StatusPrice Change
MLS #12647581
Days on Market22
Taxes$19,451 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti Family 5+ / Corridor-Interior Entrance
Year Built1982
Lot Size-
CountyLaSalle County
Get preapproved with Rocket Mortgage1

Location

Listing Courtesy of BHHS Central Illinois, REALTORS
Add your commute

Building Information for 2 Michael Street

Stories2Residences16Year Built1982Building Size-Lot Size-

Payment Calculator

Get preapproved with
OriginPoint Mortgage or Rocket Mortgage1

$7,227 per month

30 year fixed, 6.36% Interest

Principal and Interest

$5,606

Property Taxes

$1,621

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 2 Michael Street

General Information
Location and General Information
  • Frontage Type: City Street, Easement
  • Information: 24-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Basement Type: Crawl Space
  • Air Conditioning: Central Air, Central Individual
  • Electric: Circuit Breakers, Separate Meters, Service - 0 to 100 Amps
  • # Of Washers: 4
  • Heat/Ventilation: Electric,Baseboard,Separate Per Unit
  • # Of Refrigerators: 16
  • Washer/Dryer Lsd: No
  • Misc Inside: Inside Corridor/s,Laundry Room
  • # Of Dryers: 4
  • Num of Baths: 16.0
Exterior Features
  • Misc Outside: Security Lighting,Storms and Screens (as exist)
Utilities / Equipment
  • Water: Private
  • Utilities: Sewer Connected
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Electricity
  • Built Before 1978: No
  • Approximate Age: 36-50 Years
  • Multi-Family Type: Corridor-Interior Entrance
  • Lot Dimensions: 78.5X120X35X100
  • Stories: 2
  • Exterior Building Type: Brick, Wood
  • Construction: Brick, Wood
  • Roof Type: Composition
  • Roof Structure: Mansard
  • Foundation Details: Concrete Perimeter
  • # Of Ranges: 16
  • Conversion: N
Property and Assessments
  • Possible Use: Commercial, Condominium, Multi-Family
  • Public Document Count: 0
  • Photos Count: 25
  • Deconversion: N
Miscellaneous
  • Current Use: Multi-Family
  • Land Amenities: Lighting/Exterior,Sidewalks,Cable Ready
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 16
Income & Expenses
  • Electric Expense: $2,162.00
  • Fuel Expense: $.00
  • Gross Income: $139,644.00
  • Gross Scheduled Income: $144,587.00
  • Insurance Expense: $12,868.00
  • Maintenance Expense: $499.00
  • Electric Expense Source: Actual
  • Expense Year: 2024
  • Total Annual Expense Source: Owner Projection
  • Insurance Expense Source: Actual
  • Janitor Expense: 0
  • Repairs-Decor Expense Source: Actual
  • Trash Expense Source: Actual
  • Total Monthly Income: 11637
  • Water Expense Source: Actual
  • Net Operating Income: $73,417.00
  • Operating Expense: $66,226.00
  • Other Expense: $.00
  • Trash Expense: $2,026.00
  • Water Sewer Expense: $9,237.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 8
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 8
Unit 3
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 0
Unit 4
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 2 Michael Street

DateEvent & SourcePriceAppreciation
Jun 2, 2026

Price Change

MRED #12647581

$1,125,000—
May 14, 2026

Listed (Active)

MRED #12647581

$1,225,000—
Aug 28, 2024

Cancelled

MRED #12039136

$975,000—
DateEvent & SourcePrice
06/02/2026

Price Change

MRED #12647581

$1,125,000
05/14/2026

Listed (Active)

MRED #12647581

$1,225,000
08/28/2024

Cancelled

MRED #12039136

$975,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 2 Michael Street

Taxable ValueLand$9,936Additions$172,000Total$181,936
Tax Record2024$19,451 ($1,621 / month)
Home Facts
Total Finished SqFt6,160 SqFtAbove Grade Finished SqFt6,160 SqFtStyleMiscellaneous CommercialYear Built1982CountyLASALLEAPN33-23-214-012

Schools near 2 Michael Street

This home is within Streator Twp Hsd 40 School District.
Rating
School
Type
Grades
Distance
Centennial Elementary School
Public - K to 4
Northlawn Jr High School
Public - 5 to 8
Streator Twp High School
Public - 9 to 12
St Michael The Archangel Catholic School
Private - PK to 8
Rating
School
Distance
Centennial Elementary School
PublicK to 4

Northlawn Jr High School
Public5 to 8

Streator Twp High School
Public9 to 12

St Michael The Archangel Catholic School
PrivatePK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Explore Nearby Homes

More information about 2 Michael Street, Streator, IL 61364

2 Michael Street is a multi-family home for sale in Streator, IL 61364. This property was listed for sale on May 14, 2026 by BHHS Central Illinois, REALTORS, it's currently listed at $1,125,000. It has been on the market for a total of 22 days and was last sold on September 25, 2019. This listing's school districts are Streator Esd 44 School District, Streator Twp Hsd 40 School District. Nearby schools include Centennial Elementary School, Northlawn Jr High School and Streator Twp High School. 2 Michael Street is a 24-bed, 16-bath, multi-family home built in 1982.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of BHHS Central Illinois, REALTORS

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 06/02/2026 07:10 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.