111 N Main St Mount Carroll, IL 61053

Listing office Bess Realty, Inc j***@jillbessrealtor.com Show Phone

Listing date Apr 13, 2026

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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.

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FAQs

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.