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    302 West Broadway Monmouth, IL 61462

    Picture of Apartment buildings at West Broadway 302, Monmouth, IL
    For Sale
    $198,000

    Multi-Unit (5+) - Monmouth, IL

    Property size:
    2,582 SF
    Days on Market:
    74
    Last Refresh:
    Dec 6 at 3:06 pm

    Property Features for 302 West Broadway

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Kitchen
    Bathrooms
    5
    APN
    09-245-057-00
    Parking features
    Garage
    Basement Y/N
    1
    Size
    2,582 SF

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1900
    Year renovated
    1900
    Floors in Building
    2
    Roof type
    Asphalt
    Architectural style
    Other

    Monmouth Farm and Home Realty LLC (309) 734-6600

    Listing agent Mark Richardson (309) 734-6600

    Listing date Sep 24, 2025

    MLS# 11041977 Listing URL

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

    Overview

    Monmouth Multi-Unit Apartment Building

    Located a few blocks from the downtown square in Monmouth, Illinois, the property at 302 West Broadway features five apartments, including four one-bedroom units and one two-bedroom unit. The building provides convenient access to restaurants, the public library, a grocery store, a pharmacy, the courthouse, and city hall. Situated on an 82.5 X 132 lot, the apartment house has a roof that was replaced within the last 3 to 4 years. The electrical boxes have been updated for all apartments. The property includes two GFA furnaces and two 40-gallon water heaters, along with vinyl siding. All units are equipped with stoves and refrigerators. Additional information regarding each apartment is available. The property size is 2582 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    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
    Monmouth
    County
    Warren
    State
    Illinois
    Longitude
    -90.651165
    Latitude
    40.912332

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    FAQs

    What type of property is this?
    Apartment building - Five-unit apartment building near downtown Monmouth, Illinois.
    Where is this apartment building located?
    The property is located at 302 West Broadway Monmouth, IL.
    What is the asking price?
    The asking price for this property is $198,000.
    What are key features of this property?
    This property features: - Five apartments offer immediate rental income potential, including four one-bedroom and one two-bedroom units.; - Prime location: close to downtown Monmouth, restaurants, library, grocery, pharmacy, courthouse, and city hall.; - Recent roof replacement (within the last 3-4 years).
    (309) 734-6600
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    302 West Broadway Monmouth, IL 61462
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    Monmouth, IL 61462
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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
    302 West Broadway Monmouth, IL 61462
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