124 Illinois, Vallejo, CA 94590, Vallejo, 94590 - 3 bed, 2 bath
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124 Illinois
Vallejo, CA 94590
ACTIVE
CONDITION: GOOD
3Beds
2Baths
1,608Sq Ft
6,500Lot Size
Property Price
LIST PRICE$499,000
EST. MARKET VALUE
$499,000
SUMMARY
This Multi-Unit Residential Asset is a Strong Value Opportunity, listed at $599,000—positioned well below the $551,891 Fair Market Value by -8%. While the property is currently priced above the estimated market value, its unique configuration—featuring a main 3-bedroom home plus two additional 1-bedroom units—provides significant income-generating potential. With a Condition Rating of 3, the property includes modern updates like solar panels and laminate flooring. This versatile layout is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a house-hack strategy to offset mortgage costs.
Estimated Market Value
$499,000
Based on Realkey algorithm analyzing recent comparable sales in Vallejo.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 124 Illinois Subject 3 bd · 2 ba · 1,608 sqft · $310 | $499,000* List Price | 3 | 2 | 1,608 | $310 | - |
A 140 Florida Street Sold 5 bd · 2 ba · 1,818 sqft · $275 · 0.6 mi | $500,000 | 5 | 2 | 1,818 | $275 | 0.6 mi |
B 136 Craven St Sold 2 bd · 2 ba · 1,976 sqft · $271 · 0.3 mi | $535,000 | 2 | 2 | 1,976 | $271 | 0.3 mi |
C 1447 Ohio Street Sold 4 bd · 2 ba · 1,704 sqft · $363 · 0.9 mi | $618,000 | 4 | 2 | 1,704 | $363 | 0.9 mi |
D 17 Parrott Street Sold 3 bd · 2 ba · 1,100 sqft · $331 · 0.6 mi | $364,500 | 3 | 2 | 1,100 | $331 | 0.6 mi |
E 1615 Sacramento Street Pending 3 bd · 2 ba · 1,479 sqft · $372 · 0.1 mi | $550,000 List Price | 3 | 2 | 1,479 | $372 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
While originally built in 1906, the property shows clear evidence of a mid-range renovation (likely 5-15 years ago) including modern laminate flooring, updated vinyl windows, and a contemporary front door. The inclusion of solar panels and ceiling vents suggests updated systems, and the interior appears well-maintained and move-in ready.
PROSSTRENGTHS & OPPORTUNITIES
- Multi-Unit Income Potential
The property includes two additional 1-bedroom, 1-bathroom units with kitchens, offering significant rental income potential or flexible multi-generational living arrangements.
- Energy Efficiency
Equipped with solar panels, the home provides a modern sustainable feature that helps reduce long-term utility costs for the owner or tenants.
- Strategic Location
Conveniently situated near major commuter routes, public transportation, shopping, and dining, making it highly attractive for commuters and renters alike.
CONSRISKS & DEFICIENCIES
- Historic Property Maintenance
Built in 1906, the property's age may necessitate significant ongoing maintenance or costly upgrades to aging structural and mechanical systems.
- Market Stagnation
With 71 days on the market and a recent price reduction, the property may be facing challenges with buyer perception or initial overpricing in the current market.
About 124 Illinois
Spacious 3-bedroom, 2-bath home in Vallejo featuring solar panels and flexible living arrangements. the property also contains two additional units. Property offers great potential for homeowners, investors, or multi-generational living. Conveniently located near shopping, dining, schools, public transportation, and major commuter routes. Additional two units with 1 bedroom 1 bath including a kitchen.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1906
- Lot Size
- 6,500 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,608 | 1,440.296 |
| Lot Size | 6,500 | 6,355.915 |
| Price | $499.0K | $529.2K |
| Price per sq ft | $310 | $358 |
| Built year | 1906 | 1959 |
| HOA | $0 | $142 |
| Days on market | 86 | 47 |
Pricing History
Listed for Sale
Oct 17, 2026
$499,000
$599,000
-17% Price Drop
Initial Listing
Price Change
Jul 30, 2026
$619,000
Initial Listing
Sold
Mar 6, 2020
$485,000
Public Record
Sold
Nov 14, 2016
$900,000
Public Record
Sold
Oct 19, 2015
$305,000
Public Record
Sold
Apr 21, 2015
$190,000
Public Record