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Tallula Multifamily Investment Opportunity

102 MAIN Street, Tallula, IL 62688

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For Sale

$94,900

MULTI_FAMILY - Tallula, IL

HighLights

Three rental apartments at 102, 104, and 106 E Main St in Tallula, IL, with 2 of 3 units currently rented
Current income: 2 apartments rented; total potential rent is $2,150/month
Unit mix: 102 N Ewing (upper) 1 bed/1 bath; 102 E Main (lower) 1 bed/1 bath; 104 E Main 2 bed/1 bath
Five total parcels included: rentals 005 & 006, storage garage 007, and vacant lots 008 & 009 (16‑07‑102‑005, 006, 007, 008, 009)
Brick construction with forced‑air heating and central air cooling
On‑street parking

We can help!

Contact an agent

KC Sullivan

For Sale

$94,900

MULTI_FAMILY - Tallula, IL

Added:: May 12, 2026
Days on Market:: 47
Last Refresh:: Jun 27 at 8:06 am

Property Features for 102 MAIN Street

General Information

Property type: Residential Multi Family
Property subtype: Other
Bedrooms: 4
Bathrooms: 3
Rooms: Bathroom 3, Bedroom 2, Bedroom 4, Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 1
Parking features: On Street
Standard status: Active
APN: 16-07-102-006

Taxes and HOA fees

Tax Year: 2024
Tax Description: TALLULA ORIG TOWN OF TALLULA 21 1/2' MID PT LOTS 6 & 7 BLK 7.
Tax Annual Amount: 1748

Utilities

Heating system: Forced Air
Cooling system: Central Air
Water source: Public

Building Details

Year built: 1900
Number of units: 3
Building materials: Brick

We can help!

Contact an agent

KC Sullivan

Listing agent KC Sullivan License #475121673

Listing office The Real Estate Group, Inc. 3701 West Wabash, Springfield, IL

Listing date May 12, 2026

MLS# CA1043660 Listing URL

HighLights

Three rental apartments at 102, 104, and 106 E Main St in Tallula, IL, with 2 of 3 units currently rented
Current income: 2 apartments rented; total potential rent is $2,150/month
Unit mix: 102 N Ewing (upper) 1 bed/1 bath; 102 E Main (lower) 1 bed/1 bath; 104 E Main 2 bed/1 bath
Five total parcels included: rentals 005 & 006, storage garage 007, and vacant lots 008 & 009 (16‑07‑102‑005, 006, 007, 008, 009)
Brick construction with forced‑air heating and central air cooling
On‑street parking

Overview

This property in Tallula, Illinois, presents an investment opportunity and includes three rental apartments, a storage garage, and three vacant lots, offering potential for income and future growth. Two of the three apartments are currently rented. The total potential rent is $2,150 per month. The units include: 102 N Ewing (Upper) with 1 bedroom and 1 bathroom; 102 E Main (Lower) with 1 bedroom and 1 bathroom; and 104 E Main with 2 bedrooms and 1 bathroom. The property consists of five total parcels: rentals (005 & 006), a storage garage (007), and vacant lots (008 & 009). The parcel numbers are 16-07-102-005, 006, 007, 008, and 009.

Property Profile Location Intelligence

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Local Demand

City: Tallula
County: Menard
State: Illinois
Longitude: -89.936689
Latitude: 39.944693

For sale
Apartment buildings
IL
Tallula
62688
102 MAIN Street

What type of property is this?

Apartment building - Three apartments, storage garage, and vacant lots for sale.

Where is this apartment building located?

The property is located at 102 MAIN Street Tallula, IL.

What is the asking price?

The asking price for this property is $94,900.

What are key features of this property?

This property features: Three rental apartments at 102, 104, and 106 E Main St in Tallula, IL, with 2 of 3 units currently rented; Current income: 2 apartments rented; total potential rent is $2,150/month; Unit mix: 102 N Ewing (upper) 1 bed/1 bath; 102 E Main (lower) 1 bed/1 bath; 104 E Main 2 bed/1 bath

102 MAIN Street, Tallula, IL 62688

MULTI_FAMILY - Tallula, IL

Property Features for 102 MAIN Street

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

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