Contact us: 563.441.1776
Description
Situated on a large 125X150 corner lot in the quaint Mason County town of Mason City, this expansive aluminum sided two story four-unit multi-family property has a lot to offer at a practical price! Two main floor units as well as two upper-level units -- all have shared coin operated laundry facilities located on main floor. One main floor unit (1) has two bedrooms -- the other (2) has one bedroom. Both tenants pay for own Ameren (gas/electric) -- sellers cover water, sewer, and garbage. Unit #2 is currently vacant -- unit #1 is currently rented for $725.00/month. One upper-level unit (4) has two bedrooms -- the other (3) has one bedroom. Upper-level tenants rent includes Ameren (gas/electric) -- seller also covers water, sewer, and garbage. Unit #3 is currently rented for $825.00/month -- unit #4 is currently rented for $750.00/month. Main floor units have separate furnaces as well as a central air conditioning units -- upper-level units share a furnace and have window air conditioning (no central air upstairs). Enclosed back porch/laundry area has electric baseboard heat. All range/ovens (4) as well as refrigerators (4) are owned by sellers. Property also features a partial basement, covered front porch, two water heaters, various vinyl replacement windows throughout, and ample rear as well as side off-street parking. Various improvements throughout in recent years make this small-town income producing property all the more desirable! A super solid buy!
Property Highlights
Property Type: Multi Unit - Multiple
General Information
County: Mason
High School: Illini Central
Subdivision: None
Listed By:
ME Realty
RMLSA
MLS ID: CA1042522
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705 E Chestnut Street, Mason City, IL 62664.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $150,000 | $150,000 | $150,000 |
| Down Payment | $30,000 | $5,250 | $37,500 |
| Monthly Mortgage Amount | $710 | $883 | $919 |
| Taxes | $209 | $209 | $209 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $66 | $0 |
| Monthly Estimated Total | $1,019 | $1,258 | $1,228 |
Disclaimer:
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 04/10/2026. The listing information on this page last changed on 04/10/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Fri 04/10/2026 2:00:33 AM EST) or MRED MLS (last updated Fri 04/10/2026 1:56:56 AM EST) or SCWMLS (last updated Thu 04/09/2026 11:54:54 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Thu 04/09/2026 10:15:33 PM EST) or Cedar Rapids MLS (last updated Thu 04/09/2026 10:44:51 PM EST) or NEIRBR MLS (last updated Fri 04/10/2026 1:18:52 AM EST) or ICAAR MLS (last updated Thu 04/09/2026 11:37:47 PM EST) or ECIMLS (last updated Thu 04/09/2026 11:44:26 PM EST) or RMLSA (last updated Fri 04/10/2026 1:11:07 AM EST) or Muscatine MLS (last updated Fri 04/10/2026 1:45:25 AM EST) or No Coast MLS (last updated Fri 04/10/2026 12:44:31 AM EST). Real estate listings held by brokerage firms other than Ruhl&Ruhl Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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Member Participants (and their affiliated licensees, if applicable) shall indicate on their websites that IDX information is provided exclusively for consumers’ personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability.
Based on information submitted to the MLS GRID. 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.
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