Description
Excellent investment opportunity in the heart of Philo! This income-producing property offers over 2,000 square feet and has been successfully operated as a duplex for many years. Currently configured as two 2-bedroom, 1-bath units, the home also offers the potential to be converted back into a single-family residence by reopening the interior staircase to the second floor. The upper unit, accessed by a private exterior staircase, features updated paint, an updated bathroom, and an updated kitchen area, while the spacious main-level unit is occupied by long-term tenants. A shared laundry area is located in the basement, and both residential leases extend through April 2027, providing immediate rental income. Additional income is generated by a detached 3-car garage and a separate 1-car garage, both currently leased as storage units. The property features an updated septic system with city water service, a roof replaced by the current owner, separately metered electric service, shared water and gas that are billed back to the tenants, a large welcoming front porch, rear tenant parking, and a common outdoor area perfect for relaxing or grilling. Being sold as is, this handyman special offers outstanding investment potential with multiple possibilities in a desirable small-town community.
Details
| MLS # | 12717006 |
|---|---|
| Listing Type | For Sale |
| Style | Farm or Ranch |
| Sub-Type | Resale |
| Status | Active |
| Year | 1880 |
| Days On Site | 41 |
| Listing Provided By | Green Street Realty | Shannon Collins |
Features
| Bed(s) | 4 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 2,000 |
| Garage | 4 |
| Basement | Y |
| Story(s) | 2 |
| Acreage | 0.28 |
Interior
| Rooms Total | 8 |
|---|---|
| Cooling | Window Unit(s) |
| Heating | Natural Gas, Forced Air |
| Interior Features | 1st Floor Bedroom |
| Appliances | Range, Refrigerator |
Exterior
| Construction Materials | Aluminum Siding |
|---|---|
| Patio And Porch Features | Porch |
Parking
| Parking Features | Garage, Yes, Detached |
|---|---|
| Garage Spaces | 4 |
Utilities
| Sewer | Septic Tank |
|---|
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Annual Amount | 2930.82 |
Area Information
| State | IL |
|---|---|
| County | Champaign |
| City | Philo |
| Zip Code | 61864 |
| Area | Southern Champaign County | Douglas County |
| Community Name | Orig Town of Philo |
| School District | Unity High School |
| Elementary School | Unity East Elementary School |
| High School | Unity High School |
| Listing VS Median (in Orig Town of Philo) | |
Price: $170,000 low | high Med: $170,000 sqft: 2,000 low | high Med: 2,000 $ / sqft: $85 low | high Med: $85 On site: 41 low | high Med: 41 | |
Market Activity 61864
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Learn More About This Property
| State | IL |
|---|---|
| County | Champaign |
| City | Philo |
| Zip Code | 61864 |
| Area | Southern Champaign County | Douglas County |
| Community Name | Orig Town of Philo |
| School District | Unity High School |
| Elementary School | Unity East Elementary School |
| High School | Unity High School |
| Listing VS Median (in Orig Town of Philo) | |
Price: $170,000 low | high Med: $170,000 sqft: 2,000 low | high Med: 2,000 $ / sqft: $85 low | high Med: $85 On site: 41 low | high Med: 41 | |
