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    Monmouth, IL Apartment Buildings for Sale

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    Roseville, IL Galesburg, IL Carbondale, IL
    Income-Producing Multifamily Asset in Monmouth
    $1,400,000
    0.79 Acres
    Income-Producing Multifamily Asset in Monmouth

    620 E Broadway, Monmouth, IL 61462

    Fully stabilized 18-unit multifamily property with strong occupancy.
    • 100% Occupancy with Strong Rental History: Demonstrates consistent income generation.
    • Prime Location: Across from Monmouth College and near Smithfield Foods, ensuring a reliable tenant base.
    • Recent Exterior Updates: New roofs and siding in 2018 reduce future maintenance costs and enhance curb appeal.
    • Turnkey Property: Requires minimal capital expenditures.
    • Individually Metered Electric: Reduces building utility expenses for the owner.
    Updated: Apr 5
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    Monmouth Multifamily Investment Opportunity
    $160,000
    Monmouth Multifamily Investment Opportunity

    313 E Broadway, Monmouth, IL 61462

    Five-unit multifamily property in Monmouth, Illinois with value-add potential.
    • 100% occupancy provides immediate cash flow.
    • Below market average rents offer significant upside potential through strategic renovations and mark‑to‑market leasing.
    • Prime location on Broadway in a clean, well‑kept area of Monmouth, near Monmouth College.
    • Ample parking with a driveway, grass lot, and streetside options.
    • Proximity to larger cities like Galesburg, Peoria, and Davenport provides access to broader infrastructure and amenities.
    Updated: Mar 12
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    Monmouth Multifamily Investment Opportunity
    $140,000
    Monmouth Multifamily Investment Opportunity

    Five-unit multifamily property in Monmouth, Illinois with value-add potential.

    211 W Broadway, Monmouth, IL 61462

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    Monmouth Multifamily Investment Opportunity
    $240,000
    Monmouth Multifamily Investment Opportunity

    Ten-unit multifamily property in Monmouth, Illinois with value-add potential.

    315 N 1st St, Monmouth, IL 61462

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    Based on your search, we've compiled 12 Potential Opportunities for your consideration. Besides 4 Active listings in Monmouth, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    10-Unit Multifamily Investment Property
    $450,000
    0.64 Acres
    10-Unit Multifamily Investment Property

    A 10-unit multifamily building with a diversified tenant mix and mostly in-place occupancy near Western Illinois University.

    605 Orchard Street, Macomb, IL 61455

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    10-Unit Multifamily Investment Property
    $450,000
    10-Unit Multifamily Investment Property

    A 10-unit mix of studios through three-bedrooms, currently about 90% occupied with staggered lease expirations.

    605 West Orchard Drive, Macomb, IL 61455

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    West Burlington Multifamily Investment Opportunity
    $2,795,000
    39,200 SF
    West Burlington Multifamily Investment Opportunity

    48-unit multifamily property in West Burlington, Iowa, near major retailers.

    611 West Van Weiss Boulevard, West Burlington, IA 52655

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    Luxury Multifamily Property in Iowa
    $1,500,000
    1,340 SF
    Luxury Multifamily Property in Iowa

    Newly constructed, fully leased multifamily property in West Burlington, Iowa.

    619 Layne Dr, West Burlington, IA 52655

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    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Prime Development Land, Springfield MO
    $2,850,000
    29.20 Acres
    Prime Development Land, Springfield MO

    29.2 acres of retail-zoned land for mixed-use development.

    N West Bypass, Springfield, MO 65802

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    Norman Land For Luxury Condos
    $285,000
    0.74 Acres
    Norman Land For Luxury Condos

    Prime Norman land suitable for luxury condos development.

    801 NW 36th Avenue, Norman, OK 73072

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    Buildable Lot for Luxury Condos
    $285,000
    0.74 Acres
    Buildable Lot for Luxury Condos

    0.74 acre buildable lot zoned for low-density apartments.

    801 36th Ave NW, Norman, OK 73072

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    Asheville Development Opportunity: 5.94 Acres
    $2,500,000
    5.94 Acres
    Asheville Development Opportunity: 5.94 Acres

    5.94-acre parcel zoned RM6, ideal for multi-family development.

    215 N Bear Creek Road, Asheville, NC 28806

    View details

    Monmouth, IL Apartment Buildings Investment Opportunities Market Analysis

    Explore 4 apartment buildings for sale in Monmouth, IL, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $1,940,000.

    Sale prices for two-family homes in Monmouth, IL start at $140,000, averaging $485,000, and reaching up to $1,400,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 11K
    Population Growth (5Y) -7.7%
    Median Household Income $62,190
    College Educated 28.8%

    High-Yield Neighborhoods for Investment

    Identify Monmouth submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    61462 $425.8K

    Taxes & Financing

    Tax Rate (average for all types) 7.56%
    Tax Rate vs County Average 0.10 pp below county avg
    Average Loan-to-Value 65.0%

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