- For Sale Subject To Offer
- Property Type Multi-Family
- Property Size 3,216 SF
- Units 5
- Lot Size 0.29 Acre
- Property Tenancy Multi-Tenant
- Year Built 1916
- Date Updated Mar 25, 2026
Description
Discover the allure of Oglesby, IL, a charming town surrounded by natural beauty and modern conveniences. Situated in the heart of Illinois, the area offers a tranquil escape with quick access to various attractions, making it an ideal investment opportunity for Multifamily/High-Rise investors. Enjoy proximity to Starved Rock State Park, a stunning natural expanse drawing millions of visitors annually, as well as the historic Illinois Valley Area. The property offers a unique blend of serenity and urban accessibility, appealing to residents seeking a balanced lifestyle. With its promise of outdoor adventures and local culture, Oglesby is a prime location for multifamily and high-rise investment.Discover an exceptional investment opportunity with this impressive multifamily property in Oglesby, IL. Built in 1916, the 3,216 SF building features 5 units, making it an ideal choice for a Mid-Rise investor seeking a historic yet lucrative asset. Zoned B1, the property offers versatile usage options and is strategically positioned to capitalize on the thriving local market. Each unit boasts a unique charm, and the property's timeless appeal makes it an attractive prospect for investors looking to expand their portfolio. With its solid income potential and prime location in the Oglesby area, this property represents a promising and enduring investment opportunity for multifamily and mid-rise investors.
Highlights
- (4) Rental units
- 3 Car Garage
- 4 separate rental units and large 3 car garage
- 9” ceilings
- ADA compliant
- All new Windows
- Asking Price: $165,000
- Concrete Parking lot
- Home of Starved Rock State Park 2.8 Million visitors annually
- Investment Property for Redevelopment and Renovation
- Less than one mile from Route 39 Interchange
- Main Street Oglesby near City Hall, Banks & Restaurants
- Newer AC Compressors
- Rentable Area: 2,960 sf
- Separate entrances for (4) Units
- Unit A First Floor Frontage Retail / Office, 800 sf
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Contacts
Jon Chamlin
Cawley Commercial Real Estate
Location
Located at 129 W Walnut St, Oglesby, IL 61348, this property is part of the Oglesby neighborhood.
Contact Listing Broker
Jon Chamlin
Cawley Commercial Real Estate