517 E MONROE Street 519, Metamora, IL 61548
Woodford County
Key Facts
Description
PART OF A PACKAGE. BUYER MUST ACQUIRE BOTH PARCELS. Unique Investment Opportunity with Multiple Income Streams This offering includes two parcels delivering immediate cash flow and long-term upside. Parcel one includes three multi-unit buildings totaling eight residential units: • 407 Morgan St – 2 units (3 Bed/1 Bath, 1 Bed/1 Bath) • 517 E Monroe – 4 units (four 2 Bed/1 Bath units) • 519 E Monroe – 2 units (2 Bed/1 Bath, 1 Bed/1 Bath) Parcel two features a pay-to-park lot with 49 income-producing parking spaces — a rare, stable revenue component. The apartment portfolio is nearly fully occupied, with one current vacancy already vetted with a qualified new tenant. Most units have been updated, allowing for strong in-place rents. Additional upside comes from value-add potential through an additional unit that can be finished out in one of the apartments. Also, outdoor storage units have an opportunity to further increase NOI. This is a diversified asset combining residential income with parking revenue - ideal for investors seeking both cash flow and growth potential. Seller is only selling this amazing opportunity as a package deal.
Property Information
Property Type
Commercial Sale
Year Built
1967
Living Area
1,925 sq ft
Lot Size
0.53 acres
Zoning
Commercial
Days on Market
4
MLS® Listing#
PA1265242
Property Features
Cooling
Heating
Flooring
Laundry
Construction
Roof
Sewer
Financial Details
HOA
Yes
Annual Taxes
$9,224
Tax year 2024
Parcel Number
09-17-405-007
Directions
116 East, Left on N Niles, Right on E Monroe
Affordability Calculator
$140,000
Estimated monthly payment
$3,726/mo
Principal $560,000 · Est. interest $781,250 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Metamora, IL
- $360,000
- Median Listing Price
- 31
- Median Days on Market
- 2,113
- Median Sq Ft
- $127
- Median Price / Sq Ft
- 12
- Active Listings
- This home’s price is 94% above the area median.
- Its price per sq ft is 186% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Metamora, IL.
Location
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Points of Interest in Metamora, IL
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Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 1325 CEDAR LAKE Drive, Metamora, IL | $499,900 | 4 | 3 | 2,998 |
| 1517 GROVE Lane, Metamora, IL | $549,900 | 6 | 4 | 4,513 |
Moving Cost Estimate
EXIT Agents in Metamora
Listing Courtesy: eXp Realty - Mobile: 309-868-2841
Presented by: Chris Rothan