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    413 E Lincoln St Monticello, IL 61856

    For Sale
    $168,500

    Residential Income - Monticello, IL

    Days on Market:
    32
    Last Refresh:
    Dec 14 at 3:06 am

    Property Features for 413 E Lincoln St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3
    Bedrooms
    3
    APN
    05005400039500
    Parking
    4
    Exterior features
    Corner Lot

    Utilities

    Heating system
    Forced Air, Natural Gas

    Building Details

    Architectural style
    Other

    RE/MAX Realty Associate (217) 373-4964 [email protected]

    Listing agent Matthew Foster (217) 373-4964 License #475124113

    Listing date Nov 13, 2025

    MLS# 12484944 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

    Monticello Income Property with Guest House

    This property presents an investment opportunity with two structures on a single parcel: a bungalow-style home and a private studio/guest house. The main house features two bedrooms, one full bath, a large eat-in kitchen, a formal dining room, and a spacious living room. Refinished hardwood flooring and new laminate in the kitchen complement the freshly painted interior. An abundance of windows allows ample natural light throughout the home. Situated on an oversized corner lot, the property includes mature trees and a newer, oversized garden shed. The studio/guest house, approximately 400 square feet, has one bedroom and one bath, featuring hardwood floors, vaulted ceilings, and an open concept. It is currently rented month to month by a long-term tenant who wishes to remain. This well-maintained and updated property offers an excellent opportunity for rental income or personal use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Single family properties

    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
    Monticello
    County
    Piatt
    State
    Illinois
    Longitude
    -88.568146
    Latitude
    40.02891

    Nearby Similar for Sale

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    • $250,000
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      Monticello Mixed-Use Commercial Property

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    FAQs

    What type of property is this?
    Single family property - Two properties on one parcel, ideal for investment or rental.
    Where is this single family property located?
    The property is located at 413 E Lincoln St Monticello, IL.
    What is the asking price?
    The asking price for this property is $168,500.
    What are key features of this property?
    This property features: - Two properties on one parcel: bungalow and studio/guest house!; - Move-in ready with fresh paint and refinished hardwood floors.; - Studio/guest house provides immediate rental income with a long-term tenant.
    (217) 373-4964
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    413 E Lincoln St Monticello, IL 61856
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    Monticello, IL 61856
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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
    413 E Lincoln St Monticello, IL 61856
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