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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

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    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.
    (630) 861-1800
    Request Owner's contact information
    313 Main St Montgomery, IL 60538
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    Montgomery, IL 60538
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    313 Main St Montgomery, IL 60538
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