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5-Unit Apartment Building
For Sale
$178,000

302 West Broadway, Monmouth, IL 61462

The residential mix includes four one-bedroom apartments and one two-bedroom apartment, each equipped with a stove and refrigerator.

Property SizeContact for details
Lot Size0.25 Acres
Days on Market1810

Property Features for 302 West Broadway

General Information

Standard status Active
Lot size 0.25 Acres
Property subtype Multi Family Home

Units

Unit Mix 4 x 1BR, 1 x 2BR
Multifamily Units 5

Building Details

Year Built 1900
Stories 2
Listing Agency: Monmouth Farm and Home Realty LLC
Listed By: Mark Richardson
Source: Racklinrealty
Added: Nov 13, 2021 Changed: Oct 25 Last Checked: Oct 26 at 3:55AM

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 Monmouth Farm and Home Realty LLC

Rey
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Investment Insights

Based on property information with market context.

This five-apartment building in Monmouth contains four one-bedroom units and one two-bedroom unit. Stoves and refrigerators are provided in every apartment. Electrical panels have been updated, and the building has vinyl siding, two GFA furnaces and two 40-gallon water heaters. The property was built in 1900 and occupies an 82.5-by-132-foot lot.

The building is a few blocks from Monmouth’s downtown square, with restaurants, the public library, a grocery store, a pharmacy, the courthouse and city hall in the surrounding area.

Key Highlights

  • Five apartments: four one‑bedroom units and one two‑bedroom unit
  • Stove and refrigerator in each apartment
  • Updated electrical panels throughout the apartments

Property Analytics

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Lease Details

5
Residential units

Location Intelligence

Trade Area within ½ mile

525
Businesses Nearby

Demographics for 61462, IL

10,980
Population
4,800
Households
2.3
Avg Household Size
38
Median Age
21%
College-Educated
83%
High-School Grad
142.2 sq mi
ZIP Area
77
Density / Sq Mi
$62,190
Median Household Income
$33,346
Median Earnings
$657
Median Rent
$100,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - The residential mix includes four one-bedroom apartments and one two-bedroom apartment, each equipped with a stove and refrigerator.
Where is this apartment building located?
The property is located at 302 West Broadway Monmouth, IL.
What is the asking price?
The asking price for this property is $178,000.
What are key features of this property?
This property features: Five apartments: four one‑bedroom units and one two‑bedroom unit; Stove and refrigerator in each apartment; Updated electrical panels throughout the apartments
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