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313 Main St Montgomery, IL 60538

For Sale
$615,000

Five-unit income property, downtown location.

Property size:
3,064 SF

Description

Added:
Feb 3, 2025
Days on Market:
316
This exceptional investment opportunity in downtown Montgomery, Illinois presents a unique blend of residential and commercial potential. The property comprises two buildings situated on a 0.19-acre lot at 313 and 315 N Main Street, both operating under a single tax identification number. The first building, 313 N Main Street, is a charming two-bedroom, one-bathroom single-family home complete with a full basement. Recent upgrades include a roof, furnace, and water heater all less than five years old. This unit is currently leased and is responsible for its own utilities and lawn maintenance. The second building, 315 N Main Street, is a four-unit apartment building, also fully leased. This building features a mix of unit sizes: one one-bedroom, one-bathroom unit

Property Features for 313 Main St

General Information

Property type
Other commercial real estate
Square Feet
3,064 SF
Lot Size
8,276 SF

Building Details

Year Built
1910

Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Realty agency Restaurant Law Firm Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Auto Repair Shop

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Montgomery
County
Kane
State
Illinois
Longitude
-88.34135
Latitude
41.73105

FAQs

What type of property is this?
Commercial real estate - Five-unit income property, downtown location.
Where is this commercial real estate located?
The property is located at 313 Main St Montgomery, IL.
What is the asking price?
The asking price for this property is $615,000.
More about this property
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