Three-Unit Apartment House on Corner
For Sale
Contact for pricing
Pending
111 N Main St, Mount Carroll, IL 61053
Three-unit apartment near downtown Mt. Carroll with income potential.
Property SizeContact for details
Days on Market140
Property Features for 111 N Main St
General Information
Standard status
Pending
Property subtype
Multifamily
Listing Agency:
Bess Realty, Inc
(815) 238-3116
Listed By:
Jill Bess · License #IL 471008906
Source:
Crexi
Added: Apr 13
Changed: Aug 21
Last Checked: Aug 29 at 3:40AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bess Realty, Inc
Investment Insights
Based on property information with market context.
This large home, currently configured as a three-unit apartment building, presents an opportunity for investors or those seeking to convert it back into a single-family residence. Located on a spacious corner lot just one block from downtown Mt. Carroll, the property benefits from its convenient location. Several units were updated in 2019, featuring fresh paint, new flooring, and updated kitchens and baths. The property includes a large yard, off-street parking, and a patio. Appliances included with the property in 'as is' condition are 3 stoves, 3 refrigerators, 2 washers, and 2 dryers (including 1 new refrigerator and 1 new stove installed in 2019). The property generates an annual income of approximately $21,000, with a net income of approximately $13,200. Please note that the new buyer will need to apply at Mt. Carroll City Hall for a Special Use Permit to continue its use as a rental. The property is subject to Tenant's Rights. Currently, the owner covers the costs of heat and water, while tenants are responsible for electric, phone, and cable services.
Key Highlights
- Income‑generating property: $21,000+- annual income and $13,200+- net income.
- Easily convertible from a 3‑unit apartment house to a single‑family home.
- Updated units: Several units updated in 2019 with fresh paint, new flooring, and updated kitchens and baths.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
165
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 Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit apartment near downtown Mt. Carroll with income potential.
Where is this triplex located?
The property is located at 111 N Main St Mount Carroll, IL.
What are key features of this property?
This property features: Income‑generating property: $21,000+- annual income and $13,200+- net income.; Easily convertible from a 3‑unit apartment house to a single‑family home.; Updated units: Several units updated in 2019 with fresh paint, new flooring, and updated kitchens and baths.
