Properties

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.

Features
: Forced Air, Natural Gas
: Central Air
: Asphalt, Sloped
: Carpet, Tile, Other
Commercial
Address Map
US
IL
Woodford
Metamora
MONROE
517
Street
0
W90° 38' 33.8''
N40° 47' 37.5''
116 East, Left on N Niles, Right on E Monroe
E
519
MLS Addon
eXp Realty
Chris
Rothan
$0
: Brick, Vinyl Siding, Frame, Aluminum Siding
4
: Two, Multi-tenant, Basement
RMAPAP1008973
RMAPAPEXPR02
Active
09-17-405-007
: Public Sewer
$9,224
2024
chris@therothangroup.com

Commercial Sale For Sale

517 MONROE Street, Metamora, Illinois

0 Acre
$700,000
Listing ID #RMAPA1265242
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : RMAPA1265242
Price : $700,000
Year Built : 1967
Lot Size : 0 Acre
Property Sub Type : Commercial
Standard Status : Active
Agent info
Gateway Realty Group
Contact Agent