104 E Chestnut St, Canton, IL 61520
OFF MARKET

104 E Chestnut St
Canton, IL 61520

  • 6 Beds
  • 3.5 Baths
  • 7,585 sqft

$299,200

Trulia Estimate
as of May 18, 2026
Est. Refi. Payment $2,111/mo*
Refinance Your Home

$299,200

Trulia Estimate
as of May 18, 2026
Est. Refi. Payment $2,111/mo*
Refinance Your Home
6 Beds
3.5 Baths
7,585 sqft

Local Information

Map showing home location
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-- mins to
Commute Destination

Description

Investment Opportunity – Historic Mixed-Use Building in the Heart of Canton
104 E Chestnut Street, Canton, IL 61520

CAN BE SOLD IN LARGER PORTFOLIO SALE (Reach out for more information) - Other Properties Listed at bottom of description.

Step into a cash-flowing, value-add opportunity right in downtown Canton. This beautiful old brick building offers a rare mix of main-floor retail and three 2-bedroom apartments upstairs, with historic character, solid bones, and clear upside for the next owner.

The main-floor retail space (currently Canton Used Furniture Store) is approx. 4,075 SF with two gas ceiling units and central air – a flexible layout for a variety of commercial uses. Current tenant is 'Canton Used Furniture Store'. The second floor is approx. 3,510 SF and includes three 2 bed / 1 bath apartments with electric baseboard heat and window A/C units.

Recent work includes tuck-pointing (2011), added structural support to the rear staircase, roof edge sealing, new flooring and fresh drywall/paint in the common hallway, new flooring and kitchen cabinets in Apt 3, and various plumbing updates. Tenants pay their own gas and electric, while the landlord covers water and trash, keeping operating expenses straightforward.

Current Rent (75% occupied): $2,350 (100% occupied = $3,150)

Financial Snapshot (R-12, Nov ’24–Oct ’25):
Current Gross Rent: $28,200
Current NOI: $17,713
Current Cap Rate: 7.3% (Current Occupancy) / 11.1% (100% Occupancy)

Pro-Forma Gross Rent (Fully Stabilized): $40,200
Pro-Forma NOI: $29,713
Pro-Forma Cap Rate: 12.1%

There’s additional upside through light cosmetic upgrades (flooring and paint in apts as tenants turn, improved common-area lighting, repainting/repairing the rear stairway, minor retail refresh) and the potential to install a coin-op laundry at the base of the stairs for extra income and stronger tenant demand.

Whether you’re looking to add a solid performer to your portfolio or step into your first small-town mixed-use investment, this property delivers cash flow on day one with clear room to grow.

Schedule a showing today and see how far your dollars can go at 104 E Chestnut Street.

OTHER PROPERTIES IN PORTFOLIO SALE:
104 E Chestnut Street, Canton, IL, 61520
117 N Broadway, Havana, IL, 62644
115 E Market St, Havana, IL, 62644
410 E Euclid Avenue, Lewistown, IL, 61542
727 E Chestnut St, Canton, IL, 61520
804 S Main St, Canton, IL, 61520
366 Thompson Ct, Canton, IL, 61520
940 E Ash St, Canton, IL, 61520
2809 Hoover Avenue, Springfield, IL 62703
123 E Center Street, LeRoy, IL 61752
This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources.

Home Highlights

Parking
No Info
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
No Info
Listed
No Info

Home Details for 104 E Chestnut St

Interior Features

Interior Details
BasementTypes of Rooms: Dining Room, Family RoomCeiling Fan
Heating & Cooling
Heating: Baseboard, Forced Air, Electric, GasAir ConditioningCooling System: CentralHeating Fuel: Baseboard
Levels, Entrance, & Accessibility
Stories: 3Floors: Carpet, Laminate, Linoleum Vinyl
Appliances & Utilities
Cable ReadyRefrigerator

Exterior Features

Exterior Home Features
Roof: OtherExterior: Brick
Parking & Garage
Parking: Off Street

Property Information

Year Built
Year Built: 1891
Property Type / Style
Property Type: Multi Family

Community

Units in Building: 4

Lot Information

Lot Area: 5566 sqft

Price History for 104 E Chestnut St

DatePriceEventSource
11/26/2025ListingRemovedN/A
11/25/2025$245,000Listed For SaleN/A
04/18/2018$175,000ListingRemovedAgent Provided
05/02/2017$175,000Listed For SaleAgent Provided
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Comparable Sales for 104 E Chestnut St

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
60 E Ash St, Canton, IL
0.25
Multi-Family Home
$130,000
09/05/25
6
3
2,030
48 5th St, Canton, IL
0.33
Multi-Family Home
$130,000
07/25/25
6
3
2,406
227 W Pine St, Canton, IL
0.36
Multi-Family Home
$105,000
11/25/25
4
5
2,624
443 E Locust St, Canton, IL
0.30
Multi-Family Home
$72,500
02/20/26
2
4
3,240
25 & 27 Argonne Dr, Canton, IL
1.34
Multi-Family Home
$120,500
03/16/26
3
2
1,584

Assigned Schools

These are the assigned schools for 104 E Chestnut St.
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The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

What Locals Say about Canton

At least 19 Trulia users voted on each feature.

  • 95 % Say parking is easy

  • 88 % Say kids play outside

  • 86 % Say yards are well-kept

  • 86 % Say it's dog friendly

  • 84 % Say people would walk alone at night

  • 77 % Say there are sidewalks

  • 71 % Say there's holiday spirit

  • 68 % Say car is needed

  • 63 % Say it's walkable to restaurants

  • 60 % Say streets are well-lit

  • 48 % Say neighbors are friendly

  • 45 % Say it's walkable to grocery stores

  • 45 % Say there's wildlife

  • 39 % Say there are community events

  • 35 % Say they plan to stay for at least 5 years

  • 33 % Say it's quiet

Learn more about our methodology.

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Apartments for Rent

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Homes for sale near 104 E Chestnut St

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Homes for rent near 104 E Chestnut St

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Off Market Homes Near 104 E Chestnut St

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104 E Chestnut St, Canton, IL 61520 is a 6 bedroom, 4 bathroom, 7,585 sqft multi-family built in 1891. This property is not currently available for sale. The current Trulia Estimate for 104 E Chestnut St is $299,200.