Two-Unit Residential Income
For Sale
Under Contract
$225,000
318 S Illinois Street, Monticello, IN 47960
MULTI_FAMILY - Monticello, IN
Property Size2,133 SF
Lot Size0.07 Acres
Price / SF$105.49
Days on Market92
Property Features for 318 S Illinois Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 3, Basement, Bedroom 1, Bathroom 1, Bathroom 3, Bedroom 5, Bedroom 2, Bedroom 4, Bathroom 2
Parking
3
Parking features
Off Street
Basement
Block
Lot features
City/ Town/ Suburb, Level
Elementary school
Meadowlawn
Middle school
Roosevelt
High school
Twin Lakes
Elementary school district
Twin Lakes School Corp.
Middle school district
Twin Lakes School Corp.
High school district
Twin Lakes School Corp.
Directions
GPS friendly.
Subdivision
White County
Standard status
Active Under Contract
APN
91-73-33-000-063.301-021
Size
2,133 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
WJR ADD 73.90' OFF E/E LOT 119
Tax Annual Amount
1068
Legal Description
WJR ADD 73.90' OFF E/E LOT 119
Building Details
Year built
1900
Floors in Building
1
Number of units
2
Flooring type
Carpet, Tile
Roof type
Shingle
Architectural style
Other
Listing Agency:
REAL ESTATE NETWORK L.L.C
(574) 583-8181
Listed By:
Matt Zook
(574) 229-0938
Added: Apr 30
Changed: Jul 29
Last Checked: Jul 30 at 3:06PM
MLS# 202615664
Copyright © 2026 White County Association 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.
This well-maintained residential income property is configured as a two-unit home. The front unit is all on the main level and includes three bedrooms and one full bathroom. The back unit is split level and offers two bedrooms with 1.5 bathrooms, providing a different layout from the front unit while keeping both units within the same building footprint.
The property is located at 318 S Illinois Street in Monticello, Indiana, in White County. Lot size is listed at 0.07 acres, and the total property size is reported as 2,133 square feet.
For buyers or operators seeking a straightforward two-unit setup, this configuration supports separate living arrangements while keeping management centered on one address. The combination of a main-level three-bedroom unit and a split-level two-bedroom unit may appeal to tenants looking for established bedroom and bathroom counts without requiring shared space between the two units. As presented, it is an opportunity to own a maintained duplex-style property with distinct unit layouts.
The property is located at 318 S Illinois Street in Monticello, Indiana, in White County. Lot size is listed at 0.07 acres, and the total property size is reported as 2,133 square feet.
For buyers or operators seeking a straightforward two-unit setup, this configuration supports separate living arrangements while keeping management centered on one address. The combination of a main-level three-bedroom unit and a split-level two-bedroom unit may appeal to tenants looking for established bedroom and bathroom counts without requiring shared space between the two units. As presented, it is an opportunity to own a maintained duplex-style property with distinct unit layouts.
Key Highlights
- Divided into 2 units: front unit offers 3 bedrooms and 1 full bath on the main level
- Back unit is a split level with 2 bedrooms and 1.5 baths
- Year built: 1900
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
392
Businesses Nearby
Explore this area
Business Placement
Demographics for 47960, IN
15,029
Population
9,757
Households
1.5
Avg Household Size
47
Median Age
18%
College-Educated
91%
High-School Grad
118.3 sq mi
ZIP Area
127
Density / Sq Mi
$61,087
Median Household Income
$38,389
Median Earnings
$852
Median Rent
$179,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained two-unit home with separate layouts, including three bedrooms and a split-level two-bedroom unit.
Where is this duplex located?
The property is located at 318 S Illinois Street Monticello, IN.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Divided into 2 units: front unit offers 3 bedrooms and 1 full bath on the main level; Back unit is a split level with 2 bedrooms and 1.5 baths; Year built: 1900
