1407 ILLINOIS AVENUE, St. Cloud, FL, 34769 | $230,000

SELLER MOTIVATED. BRING ALL OFFERS! Location, location, location!!! This duplex home is situated in a beautiful neighborhood only one block from the main highway, and is priced to sell. Currently designed into two residences, this is a great investment opportunity, or make it your home and rent out the 2nd residence. In the two-story main (front) residence, there is one bedroom and a bath downstairs and there are two bedrooms upstairs. The main kitchen is spacious enough for a table and chairs, and the living room is large and inviting. The owner has made a significant investment in renovations completed to date. Updates include new subfloors and leveling, luxury vinyl tile throughout both residences (excluding front apartment kitchen and rear apartment bath) and new HVAC AC (Ductless/mini-split) in both residences, with 3 compressors and 7 interior wall units.

The Main residence is approximately 1030 SF and is a 3/1, and is ready to move in. The main residence updates include new windows, doors, bathroom sink, lighting and cabinet, baseboards, drywall, floors, paint, newly built staircase. The outside of the main residence has been cleaned, repaired and landscaped. The roof has been cleaned, repaired and painted. No leaks! For the rear residence, a 2 bedroom 1 bath that is approximately 454 SF, see photos of unfinished/unrepaired (except for LVT on floors and HVAC ductless mini-split units which have already been installed) walls and windows. It has its own separate entrance, kitchen and bath. There are 5 new windows already purchased that buyer can have installed. Exterior of the home has been painted. Lattice around bottom of entire home has been installed. There is a large, completely fenced back yard with a large storage shed (needs removal of overhang, but otherwise sturdy building). The yard is very private and is a great place to cook out or just hang out. There is plenty of room for a playset or playhouse, or even a pool! This property has so many options! Renovate to reside in the entire home, live in the front 2 story residence and renovate to rent out the back residence or use the back as an In Law Suite with its private entrance, or finish the renovation in the back residence and rent out both the front and the back!! This is a great investment for a homeowner or an investor. Property is close to some great amenities, including Disney and major theme parks, a local beach, park and quaint downtown just a few blocks away. It is a short distance to shops, schools and restaurants…including the locally famous Fat Boy's BBQ with salad bar, The Cup Diner, Crabby’s on the Lakefront and the local favorite The Catfish Restaurant.

Features

  • Rooms: 3
  • Bedrooms: 5
  • Baths: 2 full
  • Lot Size: 50 x 144
  • Laundry: Washer Hookup
  • Year Built: 1920
  • Heating: Electric
  • Cooling: Mini-Split Unit(s)
  • Approx Sq. Feet: 1,482
  • Acreage: 0.16
  • Lot Size: 50 x 144
  • Est. Taxes: $2,721
  • Appliances: Dryer, Electric Water Heater, Range, Refrigerator, Washer
  • MLS#: O6400304
  • Days on Market: 33 days
  • Website: https://www.raveis.com
    /prop/O6400304/1407illinoisavenue_stcloud_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is 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. (last updated 5/20/2026 11:32:07 PM)
Listing courtesy of MARTIN PROPERTY INVESTMENTS REALTY LLC   Phone: 407-234-6906

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NMLS Mortgage Loan Originator ID 16953

917.838.7300

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1407 ILLINOIS AVENUE, St. Cloud, FL, 34769

$230,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $184,000 $184,000 $184,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.250% 6.625% 5.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.609% 6.776% 6.078%
Monthly Tax Payment $227 $227 $227
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $1,133 $1,178 $1,540
Total Monthly Payment $1,435 $1,480 $1,842

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.