Mixed-Use Brick Office and
102 E Market Street Mount Carroll, IL 61053
102 E Market Street, Mount Carroll, IL, 61053
$399,000
For Sale
$399,000
MULTI_FAMILY - MOUNT CARROLL, IL
Property Size6,638 SF
Price / SF$60.11
Days on Market441
Property Features for 102 E Market Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 7
- Bathrooms
- 5
- Rooms
- Bathroom 5, Bedroom 4, Bedroom 5, Bedroom 1, Bathroom 3, Bathroom 2, Bathroom 4, Bedroom 6, Bedroom 7, Bedroom 2, Basement, Bathroom 1, Bedroom 3
- Parking
- 3
- Appliances
- Dishwasher, Dryer, Microwave, Refrigerator, Stove/Cooktop, Washer
- Standard status
- Active
- APN
- 050801401014
- Size
- 6,638 SF
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- PT LOT 12 46X15 LOTS 1 & 2 BLK 3 OT
- Tax Annual Amount
- 4378
Utilities
- Heating system
- Natural Gas, Electric (Heating), Forced Air
- Cooling system
- Window Unit(s), Central Air
Building Details
- Year built
- 1870
- Floors in Building
- 2
- Number of units
- 6
Listing agency
BARNES REALTY, INC.
(815) 493-2323
Listed by
Amy Barnes · License #471001588
(815) 238-8360
Added: May 8, 2025 Updated: Jun 16 at 4:29PM Checked: Jul 22 at 1:06AM
MLS# 202502324
Copyright © 2026 NorthWest Illinois Alliance of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
A brick cornerstone mixed-use building with commercial office space and residential units. The office portion includes two glass-enclosed, soundproof offices, a granite and cherry reception area, a conference space, and a vault. A three-floor elevator (originally installed in the 1960s) serves the building but is currently disabled; Illinois state guidelines require the elevator to be reactivated and recertified or removed within the coming years. Main floor apartments have separate heating and cooling but share natural gas and electric services. The main floor also includes an apartment added in 2018 with an electric fireplace, updated flooring and plumbing, a custom kitchen, and central air plus a gas forced-air furnace. The main level apartment is allowed with a special use permit.
The property anchors the heart of Mt. Carroll’s downtown Historic District at 102 E Market Street. The upper-level residences were renovated in 2014 and include four apartments with separate electric services, updated plumbing and electrical, four electric furnaces, rooftop central air units, custom cabinetry with granite countertops, Pella windows with Levolor blinds, and updated kitchens and baths. A shared laundry facility serves three units, and one two-bedroom unit includes its own in-unit washer and dryer and a dishwasher. A coded security door serves the second-floor apartments, and there is a rear fire escape.
The basement includes an east-half area with a vault and half bathroom with a rear (north) alley entrance, and an estimated 800+ square feet of unfinished space on the west side with multiple entrances ready for conversion into additional commercial space or a residential unit. Bituminous roofing was installed in 2014, and the water heater was new in 2024. The property is subject to current leases, and deed restrictions, a party wall agreement, and a utility easement apply. Elevator requirements, special-use permitting for the main-level apartment, and showings with a signed confidentiality agreement and buyer lender pre-approval should be planned for in advance.
The property anchors the heart of Mt. Carroll’s downtown Historic District at 102 E Market Street. The upper-level residences were renovated in 2014 and include four apartments with separate electric services, updated plumbing and electrical, four electric furnaces, rooftop central air units, custom cabinetry with granite countertops, Pella windows with Levolor blinds, and updated kitchens and baths. A shared laundry facility serves three units, and one two-bedroom unit includes its own in-unit washer and dryer and a dishwasher. A coded security door serves the second-floor apartments, and there is a rear fire escape.
The basement includes an east-half area with a vault and half bathroom with a rear (north) alley entrance, and an estimated 800+ square feet of unfinished space on the west side with multiple entrances ready for conversion into additional commercial space or a residential unit. Bituminous roofing was installed in 2014, and the water heater was new in 2024. The property is subject to current leases, and deed restrictions, a party wall agreement, and a utility easement apply. Elevator requirements, special-use permitting for the main-level apartment, and showings with a signed confidentiality agreement and buyer lender pre-approval should be planned for in advance.
Key Highlights
- Historic brick cornerstone mixed‑use building anchored in Mt. Carroll’s downtown Historic District; originally built in 1870
- Commercial office space with 2 glass‑enclosed soundproof offices, granite/cherry reception area, conference space, and vault; includes a 3‑floor Elevette elevator (disabled)
- Main floor apartment added in 2018 with 2 bedrooms and a full bath; gas forced‑air furnace, central air, updated flooring/plumbing, custom kitchen, and all appliances
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Brick mixed-use building with soundproof office spaces and multiple renovated apartments, including a main-level unit with permit requirements.
Where is this apartment building located?
The property is located at 102 E Market Street Mount Carroll, IL.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Historic brick cornerstone mixed‑use building anchored in Mt. Carroll’s downtown Historic District; originally built in 1870; Commercial office space with 2 glass‑enclosed soundproof offices, granite/cherry reception area, conference space, and vault; includes a 3‑floor Elevette elevator (disabled); Main floor apartment added in 2018 with 2 bedrooms and a full bath; gas forced‑air furnace, central air, updated flooring/plumbing, custom kitchen, and all appliances
