105 Timberlake, Damiansville, IL 62215
Local realty services provided by:CENTURY 21 Community
105 Timberlake,Damiansville, IL 62215
$329,000
- - Beds
- - Baths
- 2,300 sq. ft.
- Multi-family
- Active
Listed by: darin revermann
Office: real broker llc.
MLS#:26049411
Source:MO_MARIS
Price summary
- Price:$329,000
- Price per sq. ft.:$143.04
About this home
Outstanding investment opportunity in Damiansville, Illinois — 105 & 107 Timberlake Drive delivers immediate, day-one cash flow in a quiet, established community just minutes from Breese and the I-64 corridor. This meticulously maintained duplex features two spacious 2-bedroom, 2-bathroom units, each with a partially finished basement — providing tenants with valuable extra living and storage space that sets this property apart from typical rental inventory and fuels long-term occupancy.
This property has never had a vacancy. Zero. The owner's commitment to maintenance, management, and tenant relationships speaks for itself — and it shows in the numbers. Both units are currently occupied at rents that are meaningfully below today's market rate, with comparable 2-bedroom, 2-bathroom units in the area leasing for $1,400/month. At current rents of $1,350 and $1,200/month, a buyer acquires immediate cash flow while sitting on significant upside — bringing both sides to market rate adds over $5,400/year in gross income at the next lease renewal.
At the current asking price of $329,000 with in-place rents, the property produces a solid cap rate with strong DSCR that satisfies commercial lending requirements — and that story only gets better as rents normalize to market. The partially finished basements on each side represent an additional value-add opportunity for a buyer willing to invest modest finish dollars in exchange for a premium rent bump.
Pride of ownership is evident throughout this property. If you are looking for a stabilized, low-maintenance, income-producing duplex in a growing Clinton County community with a proven track record and room to grow, 105 & 107 Timberlake Drive is exactly what you have been waiting for. Priced at $329,000. Do not disturb tenants — call the listing agent to schedule a showing....
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Home facts
- Year built:2003
- Subdivision & Development:Hilltop Acres
- Listing ID #:26049411
- Added:3 day(s) ago
- Updated:August 08, 2026 at 04:33 PM
Rooms and interior
- Basement:Yes
- Basement Description:Partially Finished
- Living area:2,300 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Forced Air
- Central air:Yes
Structure and exterior
- Year built:2003
- Building area:2,300 sq. ft.
- Lot area:0.29 Acres
- Architectural Style:Traditional
- Construction Materials:Brick Veneer, Frame, Vinyl Siding
Schools
- High school:Breese
- Middle school:DAMIANSVILLE DIST 62
- Elementary school:DAMIANSVILLE DIST 62
Utilities
- Water:Public
Finances and disclosures
- Price:$329,000
- Price per sq. ft.:$143.04
- Tax amount:$4,588 (2024)
Parking
- Total parking spaces:2
- Garage:Yes
- Garage spaces:2
