8-Unit Apartment
For Sale
Contact for pricing
418 N SPRING Street, Metamora, IL 61548
Commercial Sale, Metamora, IL
Property SizeContact for details
Lot Size0.93 Acres
Days on Market152
Property Features for 418 N SPRING Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Directions
116 East, Left on N Niles, Right on E Monroe
Standard status
Active
APN
09-17-405-005
Lot size
0.93 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
T27N - R2W - S17 LOTS 7 8 9 10 11 12 BLK 2 T27N - R2W - S17 S 20' LT 3 & ALL LTS 4 5 6 BLK 2
Tax Annual Amount
9224
Legal Description
T27N - R2W - S17 LOTS 7 8 9 10 11 12 BLK 2 T27N - R2W - S17 S 20' LT 3 & ALL LTS 4 5 6 BLK 2
Listing Agency:
eXp Realty
(309) 868-2841
Listed By:
Chris Rothan
(309) 868-2841
Added: Mar 31
Changed: Aug 19
Last Checked: Aug 29 at 2:06AM
MLS# PA1265243
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This commercial apartment package includes three multifamily buildings totaling 8 units across two required parcels. The unit mix consists of one four-unit building and two two-unit buildings. Residences include one-bedroom and two-bedroom layouts, along with two three-bedroom units. The buildings are located at 407 Morgan St, 517 E Monroe, and 519 E Monroe.
The companion parcel operates as a pay-to-park lot with 49 parking spaces. Together, the parcels comprise approximately 0.9298 acres and are identified with Commercial zoning in Metamora, Illinois. The sale requires acquisition of both parcels as a single package.
The companion parcel operates as a pay-to-park lot with 49 parking spaces. Together, the parcels comprise approximately 0.9298 acres and are identified with Commercial zoning in Metamora, Illinois. The sale requires acquisition of both parcels as a single package.
Key Highlights
- 8 total units across 3 multifamily buildings
- Unit mix includes 4‑unit, 2‑unit, and 2‑unit buildings
- 49‑space pay‑to‑park parking lot included
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
219
Businesses Nearby
Explore this area
Business Placement
Demographics for 61548, IL
12,355
Population
4,671
Households
2.6
Avg Household Size
42
Median Age
51%
College-Educated
96%
High-School Grad
75.7 sq mi
ZIP Area
163
Density / Sq Mi
$114,167
Median Household Income
$61,659
Median Earnings
$1,018
Median Rent
$239,500
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?
Apartment building - Two-parcel commercial package combines multifamily buildings with a pay-to-park lot.
Where is this apartment building located?
The property is located at 418 N SPRING Street Metamora, IL.
What are key features of this property?
This property features: 8 total units across 3 multifamily buildings; Unit mix includes 4‑unit, 2‑unit, and 2‑unit buildings; 49‑space pay‑to‑park parking lot included
