$200,000

726 Eastern Avenue, Greenville, IL 62246

  • 3,465 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1956
  • Property Lot Size Icon0.63acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $58/sqft
  • Property List Date Icon Listed 8 days ago

Property Description

If you’re looking for a steady, no-drama investment that’s already pulling its weight, this four-unit property might be your kind of quiet achiever. With all units currently leased to paying tenants and generating $2,450 in monthly income, it’s the kind of place that starts working for you on day one. The building features a practical ground-floor layout with two one-bedroom and two two-bedroom units, all centered around a shared utility room. Each unit is equipped with its own HVAC and water heater, along with separately metered water and electric—keeping expenses streamlined and tenant responsibility clear. Major exterior updates have already been handled, including a newer roof (2016), gutters, buried downspouts, and sidewalks (2021) within the past decade. Inside, the units are modest but consistently rentable, with a solid track record of passing occupancy inspections when required. Set in a quiet, unassuming neighborhood near local schools and the GHS football field, this property doesn’t rely on flash—it delivers on function. For investors, that means reliable occupancy now, with the opportunity to gradually introduce cosmetic updates over time and increase rental income as leases turn over. A straightforward investment with built-in cash flow and upside potential—sometimes the best opportunities are the ones that simply work.

Listing Status:
Active
Date Added:
March 19, 2026
Data Last Updated:
March 28, 2026 at 5:16PM
Listing Office:
Bond County Realtors : 618-664-4232
MLS ID:
26015962
  • Appliances: OvenRefrigerator
  • Basement: None
  • A/C: Central Air
  • Heating: Forced Air
  • Style: Other
  • Parking: AssignedGravel
  • General: BlockConcreteOtherSlab
  • Originating MLS: maris2
  • School District: BOND DIST 2
  • County: Bond
  • Zoning: 05-30-11-119-002
  • Utilities: Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater ConnectedAmeren
  • Source: maris2

This listing courtesy of Bond County Realtors

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

G

Greenville Elementary School

800 N Dewey St, Greenville, IL, 62246

Grades PK-5

0.37 miles away

G

Greenville Jr High School

1200 Jr High Dr, Greenville, IL, 62246

Grades 6-8

0.40 miles away

B

Bond Cty Community Unit 2 High School

1000 E State Route 140, Greenville, IL, 62246

Grades 9-12

0.35 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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