517 E MONROE ST #519, Metamora, IL 61548
517 E MONROE ST #519, Metamora, IL 61548
517 E MONROE ST #519, Metamora, IL 61548
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Shelley Berendt

Shelley Berendt

+1(217) 741-7227
Listed by Chris Rothan • eXp Realty
$700,000
Est. payment /mo
1,925 SqFt
Save

UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 1,925 sqft

Price per Sqft $363

MLS Listing ID PA1265242

Year Built 1967

Annual Tax Amount $9,223

Tax Year 2024

Lot Size 0.530 Acres

Acres 0.53

Property Sub-Type Commercial

Source rmlsa

Property 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.

Location

State IL

County Woodford

Area Paar Area

Zoning Commercial

Direction 116 East, Left on N Niles, Right on E Monroe

Interior

Heating Forced Air, Natural Gas

Cooling Central Air

Flooring Carpet, Other, Tile

Fireplace N

Exterior

View true

Roof Type Asphalt,Sloped

Garage 1

Building

Faces 116 East, Left on N Niles, Right on E Monroe

Sewer Public Sewer

Structure Type Brick,Aluminum Siding,Vinyl Siding,Frame

Others

Tax ID 09-17-405-007

Read Less Info

MORTGAGE CALCULATOR

Use our home loan calculator to estimate your total mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment, and details about the home loan, to calculate your mortgage payment, schedule, and more.
$
$
%
%
Advanced
Payment
Schedule
Your mortgage payments over 30 years will add up to $0.

NEARBY SCHOOLS & PROPERTIES

Shelley Berendt

Shelley Berendt

Broker | License ID: 475.127277

+1(217) 741-7227

GET MORE INFORMATION

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from The Real Estate Group Inc., including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

517 E MONROE ST #519

Buyer Services

We're here to help you find the home of your dreams. With a team of experts guiding you every step of the way, our extensive knowledge and experience will ensure you have the best home buying experience possible.

Seller Services

We take the stress out of selling your home by providing a seamless experience from start to finish. Our team will put you in the best position to market your home and sell it for the highest possible price.

QUICK SEARCH