Mixed-Use Apartment Building with Office
For Sale
$399,000
102 E Market Street, Mount Carroll, IL 61053
MULTI_FAMILY - MOUNT CARROLL, IL
Property Size6,638 SF
Price / SF$60.11
Days on Market456
Property Features for 102 E Market Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Commercial
Bedrooms
7
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 1, Bedroom 7, Bathroom 4, Bedroom 1, Bedroom 3, Bedroom 4, Bathroom 2, Bathroom 5, Bedroom 6, Basement, Bathroom 3, Bedroom 5, Bedroom 2
Parking
3
Appliances
Dishwasher, Dryer, Microwave, Refrigerator, Stove/Cooktop, Washer
Elementary school
West Carroll
Middle school
West Carroll
High school
West Carroll
Elementary school district
West Carroll
Middle school district
West Carroll
High school district
West Carroll
Subdivision
Carroll County
Standard status
Active
APN
050801401014
Size
6,638 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
PT LOT 12 46X15 LOTS 1 & 2 BLK 3 OT
Tax Annual Amount
4453
Legal Description
PT LOT 12 46X15 LOTS 1 & 2 BLK 3 OT
Utilities
Heating system
Natural Gas, Electric (Heating), Forced Air
Cooling system
Central Air, Window Unit(s)
Amenities
shared laundry facility
coded security door
Building Details
Year built
1870
Floors in Building
2
Number of units
6
Listing Agency:
BARNES REALTY, INC.
(815) 493-2323
Listed By:
Amy Barnes · License #471001588
(815) 238-8360
Added: May 8, 2025
Changed: Jul 31
Last Checked: Aug 6 at 2:06AM
MLS# 202502324
Copyright © 2026 NorthWest Illinois Alliance 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 brick apartment building anchors Mt. Carroll’s downtown Historic District and combines commercial office space with multiple residences. The commercial portion includes two glass-enclosed, soundproof offices, a granite and cherry reception area, a conference space, and a vault, served by a 1960s Elevette three-floor elevator that is currently disabled and must be reactivated and recertified or removed within coming years. Main floor apartments have separate heating and cooling systems but share natural gas and electric services. A main floor apartment added in 2018 includes an electric fireplace, updated flooring, a custom kitchen, two bedrooms, and a full bath; use as a main-level apartment requires a special use permit.
Second-floor residences were renovated in 2014 to create four apartments with separate electric services. Renovations included new plumbing and electrical, four electric furnaces, four rooftop central air units, custom kitchen cabinetry with granite countertops, Pella windows with Levolor blinds, and updated flooring and baths. A shared laundry facility serves three units, and the two-bedroom unit has in-unit washer and dryer plus a dishwasher. All appliances stay, and staging is included; no furnishings stay.
The east half of the basement includes a vault and half bathroom with a rear north alley entrance. The west side has approximately 800+ SF of unfinished space with multiple entrances, ready for conversion to additional commercial or residential use. Bituminous roof was installed in 2014 and the water heater was new in 2024. The property includes coded security and a rear fire escape, with deed restrictions and a party wall agreement.
Second-floor residences were renovated in 2014 to create four apartments with separate electric services. Renovations included new plumbing and electrical, four electric furnaces, four rooftop central air units, custom kitchen cabinetry with granite countertops, Pella windows with Levolor blinds, and updated flooring and baths. A shared laundry facility serves three units, and the two-bedroom unit has in-unit washer and dryer plus a dishwasher. All appliances stay, and staging is included; no furnishings stay.
The east half of the basement includes a vault and half bathroom with a rear north alley entrance. The west side has approximately 800+ SF of unfinished space with multiple entrances, ready for conversion to additional commercial or residential use. Bituminous roof was installed in 2014 and the water heater was new in 2024. The property includes coded security and a rear fire escape, with deed restrictions and a party wall agreement.
Key Highlights
- Two glass‑enclosed, soundproof offices plus reception, conference space, and vault
- Main floor apartment added in 2018 requires a special use permit to be used
- Second‑floor residences renovated in 2014 create four apartments with separate electric services
Property Analytics
Property Profile
Current Use
Lease Details
2
Office units
5
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
172
Businesses Nearby
Explore this area
Business Placement
Demographics for 61053, IL
2,542
Population
1,399
Households
1.8
Avg Household Size
51
Median Age
25%
College-Educated
91%
High-School Grad
107.7 sq mi
ZIP Area
24
Density / Sq Mi
$61,932
Median Household Income
$36,034
Median Earnings
$763
Median Rent
$105,400
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Brick apartment building offers commercial office space plus multiple residences, with a main-level unit added in 2018 under permit.
Where is this apartment building located?
The property is located at 102 E Market Street Mount Carroll, IL.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Two glass‑enclosed, soundproof offices plus reception, conference space, and vault; Main floor apartment added in 2018 requires a special use permit to be used; Second‑floor residences renovated in 2014 create four apartments with separate electric services
