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Three-Unit Multifamily Property

205 N Main Street, Mount Carroll, IL 61053

For Sale
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MULTIFAMILY, MOUNT CARROLL, IL

Property Size1,582 SF
Price / SF$18.90
Days on Market10

Property Features for 205 N Main Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning description C2
Bedrooms 3
Bathrooms 3
Full bathrooms 3
Rooms Bathroom 2, Basement, Bedroom 2, Bathroom 1, Bedroom 3, Bathroom 3, Bedroom 1
Appliances Refrigerator, Stove/Cooktop
Elementary school West Carroll
Middle school West Carroll
High school West Carroll
Elementary school district West Carroll
Middle school district West Carroll
High school district West Carroll
Subdivision Carroll County
Standard status Active
APN 050801401082
Size 1,582 SF

Taxes and HOA fees

Tax Year 2025
Tax Description S END W PT LOT 2 & S PT LOT 3 BLK 10 OT.
Tax Annual Amount 1449
Legal Description S END W PT LOT 2 & S PT LOT 3 BLK 10 OT.

Utilities

Heating system Natural Gas, Forced Air

Building Details

Year built 1878
Floors in Building 2
Number of units 3
Roof type Shingle
Listing Agency: BARNES REALTY, INC.
Listed By: Amy Barnes · License IL #471001588
Added: Oct 31 Changed: Nov 1 Last Checked: Nov 9 at 7:06PM
MLS# 202606927

Copyright © 2026 NorthWest Illinois Alliance of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

Built in 1878, this 1,582-square-foot property is configured as three apartments: a main-level studio, a main-level two-bedroom unit and an upper-level one-bedroom unit. It was originally constructed as a single-family home. The building has been vacant for an extended period and requires substantial repairs, including attention to roof and plumbing leaks. Utilities are disconnected, and the property is being sold in its present condition.

The layout is currently arranged for three households. A return to single-family use may be possible, subject to applicable zoning and approvals.

Key Highlights

  • Three‑unit layout with a studio, one‑bedroom and two‑bedroom apartment
  • 1,582 square feet; built in 1878
  • Roof and plumbing leaks; utilities are disconnected

Property Analytics

Who owns this building? See the owner, sales and loan history
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Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

164
Businesses Nearby

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
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?
Triplex - The unit mix comprises a studio, a one-bedroom apartment and a two-bedroom apartment.
Where is this triplex located?
The property is located at 205 N Main Street Mount Carroll, IL.
What are key features of this property?
This property features: Three‑unit layout with a studio, one‑bedroom and two‑bedroom apartment; 1,582 square feet; built in 1878; Roof and plumbing leaks; utilities are disconnected
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