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    1019-1021 Bluff Pl Marseilles, IL 61341

    Sponsored
    For Sale
    $219,900

    MULTI_FAMILY - Marseilles, IL

    Lot size:
    0.37 Acres
    Days on Market:
    4
    Last Refresh:
    Jan 26 at 10:06 pm

    Property Features for 1019-1021 Bluff Pl

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 2, Bedroom 4, Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 5, Bedroom 3
    Bedrooms
    5
    Bathrooms
    2
    APN
    1550202018
    Parking
    2
    Parking features
    Garage
    Patio and Porch features
    Patio, Deck
    Lot size
    0.37 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Steam, Natural Gas, Forced Air, Baseboard
    Water source
    Public

    Building Details

    Year built
    1957
    Building materials
    Aluminum Siding, Cedar, Frame
    Roof type
    Asphalt

    We can help!

    Listing Contact
    Chad Haug

    C Edwards Real Estate (815) 609-3951

    Listing agent Chad Haug (630) 276-8337

    Listing date Jan 23, 2026

    MLS# 12553835 Listing URL

    Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Charming Marseilles Multi-Unit Property

    This two-unit property is located in Marseilles, Illinois, and offers multiple possibilities. It can be used as a rental property with two units, or converted into a single-family residence with five bedrooms and two bathrooms. The property is situated on a large, professionally landscaped lot measuring 100x195 feet with tree-lined surroundings. Unit 1 features three bedrooms of good size, measuring 15x15, 14x14, and 15x12 feet, respectively. It also includes a large kitchen with an island, a built-in pantry, and table space, as well as a separate dining space and a spacious family room. The bedrooms have new vinyl plank flooring and ceiling fans. All kitchen appliances in both units, with the exception of the cooktop in the 3-bedroom unit, are less than two years old. A new roof was installed in 2017, and a new water heater in 2023. In 2024, the 3-bedroom unit received a new central AC, and a new water softener and vinyl plank flooring were installed in the 2-bedroom unit. The full bathroom in the 2-bedroom unit was updated approximately one year ago and includes a cozy family room. The attached garage has been recently drywalled and features new pull-down stairs for attic storage above the garage. There is also a detached one-car garage that can be used as an oversized shed. The property is conveniently located near The Cliff of Marseilles, Illini State Park, downtown shops, restaurants, and the riverfront, and is just 6 miles from Ottawa, IL, and 20 minutes from Utica/Starved Rock State Park.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Dental Office Building Supply Auto Repair Shop Pharmacy Wholesale Shop Hotel & Motel Bar & Pub Discount Store Storage Facility

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Marseilles
    County
    LaSalle
    State
    Illinois
    Longitude
    -88.726348
    Latitude
    41.335885

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    FAQs

    What type of property is this?
    Duplex - Two-unit property in Marseilles, IL, with conversion potential.
    Where is this duplex located?
    The property is located at 1019-1021 Bluff Pl Marseilles, IL.
    What is the asking price?
    The asking price for this property is $219,900.
    What are key features of this property?
    This property features: - Versatile 2-unit property: Rent both units, live in one and rent the other, or convert to a 5-bedroom single-family home.; - Large, professionally landscaped 100x195' lot with mature trees.; - Recent upgrades: New roof (2017), new water heater (2023), new AC in the 3-bedroom unit (2024), new water softener (2024), and new vinyl plank flooring in both units.
    (630) 276-8337
    Request Owner's contact information
    1019-1021 Bluff Pl Marseilles, IL 61341
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    Marseilles, IL 61341
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1019-1021 Bluff Pl Marseilles, IL 61341
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    Listing Contact
    Chad Haug
    (630) 276-8337
    Learn more
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