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    1105 N Monroe St Marion, IL 62959

    For Sale
    $450,000

    Residential Income - Marion, IL

    Property size:
    3,600 SF
    Lot size:
    0.31 Acres
    Days on Market:
    13
    Last Refresh:
    Dec 11 at 7:06 pm

    Property Features for 1105 N Monroe St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    APN
    06-13-279-005
    Parking
    8
    Parking features
    Carport
    Exterior features
    Level
    Size
    3,600 SF
    Lot size
    0.31 Acres

    Utilities

    Heating system
    Heat Pump (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    2017
    Number of units
    4
    Building materials
    Vinyl Siding
    Roof type
    Shingle
    Architectural style
    Other

    Paul Wilson Realty LLC (618) 997-1371 [email protected]

    Listing agent Stephanie Castellano (618) 997-1371 License #475202124

    Listing date Nov 29, 2025

    MLS# EB460615 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

    Marion, IL Four-Plex Investment

    This is a four-plex residential income property located in Marion, Illinois. Each of the four units features an open concept layout with 2 bedrooms and 1 bath. The units are 900 square feet, maximizing space efficiently while keeping maintenance costs at a minimum. The total property size is 3,600 square feet, situated on a 0.31-acre lot. All units are currently rented. The property is located in Marion, which has a stable rental market and growing community.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Marion
    County
    Williamson
    State
    Illinois
    Longitude
    -88.929343
    Latitude
    37.739854

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    FAQs

    What type of property is this?
    Quadplex - Four-unit residential income property in Marion, Illinois, all units rented.
    Where is this quadplex located?
    The property is located at 1105 N Monroe St Marion, IL.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: - All units currently rented, providing immediate income.; - Open concept 4-plex, maximizing rental potential.; - Located in Marion's stable rental market and growing community.
    (618) 997-1371
    Request Owner's contact information
    1105 N Monroe St Marion, IL 62959
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    Marion, IL 62959
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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
    1105 N Monroe St Marion, IL 62959
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