Historic Mixed-Use
For Sale
$399,000
102 E Market Street, Mount Carroll, IL 61053
MULTIFAMILY, MOUNT CARROLL, IL
Property Size6,638 SF
Price / SF$60.11
Days on Market480
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
Bedroom 3, Bedroom 4, Bathroom 1, Bathroom 5, Basement, Bathroom 2, Bedroom 1, Bedroom 5, Bedroom 6, Bathroom 4, Bathroom 3, Bedroom 2, Bedroom 7
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
Forced Air, Natural Gas, Electric (Heating)
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: Aug 19
Last Checked: Aug 30 at 7:06AM
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 6,638-square-foot brick mixed-use building, constructed in 1870, combines office space with five apartments. The commercial portion includes two glass-enclosed soundproof offices, a granite-and-cherry reception area, conference space, and a vault. A three-floor Elevette elevator is currently disabled and must be reactivated and recertified or removed under Illinois state guidelines.
The main-level apartment was added in 2018 and includes two bedrooms, a full bath, custom kitchen, appliances, electric fireplace, forced-air heat, central air, updated flooring, and some new windows. Four second-floor apartments received complete interior renovations in 2014, including new plumbing and electrical systems, separate electric services, electric furnaces, rooftop central air units, updated kitchens and baths, Pella windows, and flooring. The east basement includes a vault and half bath, while the west side offers approximately 800+ sq. ft. of unfinished space with multiple entrances. The property also has two Main Street entrances, a handicap-accessible north alley entrance, a 2014 bituminous roof, and a water heater installed in 2024. The main-level apartment requires a new special use permit for continued apartment use.
The main-level apartment was added in 2018 and includes two bedrooms, a full bath, custom kitchen, appliances, electric fireplace, forced-air heat, central air, updated flooring, and some new windows. Four second-floor apartments received complete interior renovations in 2014, including new plumbing and electrical systems, separate electric services, electric furnaces, rooftop central air units, updated kitchens and baths, Pella windows, and flooring. The east basement includes a vault and half bath, while the west side offers approximately 800+ sq. ft. of unfinished space with multiple entrances. The property also has two Main Street entrances, a handicap-accessible north alley entrance, a 2014 bituminous roof, and a water heater installed in 2024. The main-level apartment requires a new special use permit for continued apartment use.
Key Highlights
- 6,638‑square‑foot mixed‑use building constructed in 1870
- Five apartments, including a main‑level unit added in 2018
- Four second‑floor apartments renovated in 2014 with separate electric services
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
149
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?
Mixed-use property - Combines dedicated office improvements with five residential apartments and an unfinished basement area.
Where is this mixed-use property 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: 6,638‑square‑foot mixed‑use building constructed in 1870; Five apartments, including a main‑level unit added in 2018; Four second‑floor apartments renovated in 2014 with separate electric services
