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    104 Main St Tallula, IL 62688

    For Sale
    $94,900

    Residential Income - Tallula, IL

    Property size:
    2,200 SF
    Days on Market:
    21
    Last Refresh:
    Dec 10 at 9:06 pm

    Property Features for 104 Main St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    APN
    16-07-102-006
    Parking features
    On Street
    Exterior features
    Corner Lot
    Size
    2,200 SF

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1900
    Number of units
    3
    Building materials
    Brick
    Architectural style
    Other

    The Real Estate Group, Inc. (217) 787-7000 [email protected]

    Listing agent KC Sullivan (217) 787-7000 License #475121673

    Listing date Nov 20, 2025

    MLS# CA1039199 Listing URL

    Copyright © 2025 RMLS Alliance. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Tallula, IL Residential Income Property

    This property in Tallula, IL, presents an investment opportunity with three rental apartments, a storage garage, and three vacant lots, offering potential for income and future growth. The property includes five total parcels. Two of the three apartments are currently rented. The units consist of: 102 N Ewing (Upper) with 1 bed and 1 bath, 102 E Main (Lower) with 1 bed and 1 bath, and 104 E Main with 2 beds and 1 bath. The included parcels are rentals (005 & 006), a storage garage (007), and vacant lots (008 & 009). The parcel numbers are 16-07-102-005, 006, 007, 008, and 009. The property has a total potential rent of $2,150 per month and a property size of 2200 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Garden Center Senior Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Tallula
    County
    Menard
    State
    Illinois
    Longitude
    -89.936588
    Latitude
    39.944679

    FAQs

    What type of property is this?
    Triplex - Three apartments, storage garage, and vacant lots in Tallula, IL.
    Where is this triplex located?
    The property is located at 104 Main St Tallula, IL.
    What is the asking price?
    The asking price for this property is $94,900.
    What are key features of this property?
    This property features: - Income-generating property with two of three apartments currently rented.; - High income potential with a total potential rent of $2,150/month.; - Includes five parcels: three rental apartments, a storage garage, and two vacant lots.
    (217) 787-7000
    Request Owner's contact information
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    Tallula, IL 62688
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    Realmo Value Estimation

    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.

    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.

    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
    104 Main St Tallula, IL 62688
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