201&205 Cherry Street 20 Stewardson IL 62463 MLS #6258072

Located at 201 and 205 N Cherry St in Stewardson, IL, this well-maintained multi-family property offers a total of 8 apartment units across two buildings, making it an excellent investment opportunity. Each unit features 2 bedrooms and 1 bathroom, along with a comfortable living area, dining space, full kitchen, in-unit laundry, and a private back deck.
The property has seen significant updates, with 6 units fully renovated and 1 partially renovated. The remaining unit is in excellent condition and move-in ready, requiring no immediate improvements. Each apartment offers approximately 700 square feet of living space, providing an efficient and desirable layout for tenants.
This property has a strong rental history, with no vacancy lapses under the current ownership and a base of long-term tenants. The community is well cared for, with a strict no smoking and no pets policy in place.
Ownership currently covers several key expenses, including trash service, snow removal, interior and exterior maintenance, and pest control—helping simplify management and enhance tenant satisfaction.
With consistent occupancy, updated units, and reliable income potential, this property presents a solid, turnkey investment in a stable rental market.