1422-1426 5th Street

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Address: 1422 5th St, La Salle, IL 61301, USA
Chicago & Midwest + Apartment Buildings
Created date: July 29, 2026
Date last updated: September 18, 2026
Price: $122,000Investment Analyzer NEW!

Property Description

Why buy one house when you can get TWO properties with built-in income potential? Conveniently located right on Rt. 6 with quick access to I-39, this versatile setup offers plenty of possibilities for investors, multi-generational living, or owner-occupants looking to offset their mortgage with rental income. The larger home features 3 bedrooms and 1 bath and recently received a fresh update in 2026 with some new flooring and paint throughout much of the home. It's currently vacant and ready for its next owner or tenant, with previous rental income of $1,100/month. The second home offers 1 bedroom and 1 bath and is currently occupied, generating $750/month in rental income from day one. Tenants currently pay their own utilities. There's also a 2-car garage with extra space for storage, hobbies, or parking. Whether you're looking to expand your investment portfolio or live in one home while renting the other, this property offers flexibility, convenience, and income potential all in one package.

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $122,000
Year Built: 1873
Opportunity Zone: No
Property Website Click Here
Number of Bedrooms: 3
Number of Bathrooms: 2
Address: 1422-1426 5th Street, Lasalle, IL 61301, USA
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Step 1Financing Calculation

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Step 2Gross Rent Analysis

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Step 3Cap Rate Calculation

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Step 4Final Deal Analysis

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