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    157 Sherman Ave Montgomery, IL 60538

    Under Contract
    For Sale
    $389,900

    Residential Income - Montgomery, IL

    Lot size:
    1.13 Acres
    Days on Market:
    32
    Last Refresh:
    Dec 7 at 5:06 am

    Property Features for 157 Sherman Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active Under Contract
    Zoning
    OTHER
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    5
    APN
    1533326025
    Parking
    3
    Lot size
    1.13 Acres

    Utilities

    Heating system
    Radiant

    Building Details

    Year built
    1920
    Roof type
    Asphalt
    Architectural style
    Other

    LEGACY PROPERTIES, A SARAH LEONARD COMPANY (224) 999-9100 [email protected]

    Listing agent Melissa Garcia (224) 999-9100 License #475133418

    Listing date Nov 6, 2025

    MLS# 12503954 Listing URL

    Copyright © 2025 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.

    Overview

    Residential Income Opportunity in Montgomery

    This 1.13-acre property in Montgomery, Illinois, presents a residential income opportunity. The property is zoned for other uses. The listing title indicates its potential for residential income development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Land

    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
    Montgomery
    County
    Kendall
    State
    Illinois
    Longitude
    -88.3305139
    Latitude
    41.7304928

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    FAQs

    What type of property is this?
    Land - Land for residential income property in Montgomery, Illinois.
    Where is this land located?
    The property is located at 157 Sherman Ave Montgomery, IL.
    What is the asking price?
    The asking price for this property is $389,900.
    What are key features of this property?
    This property features: - Five bedrooms offer ample space.; - Radiant heating provides efficient warmth.; - Asphalt roof offers durability.
    (224) 999-9100
    Request Owner's contact information
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    Montgomery, IL 60538
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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
    157 Sherman Ave Montgomery, IL 60538
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