211 W Broadway Monmouth, IL 61462
Five-unit multifamily property in Monmouth, Illinois with value-add potential.
Property Features for 211 W Broadway
General Information
- Standard status
- Active
Source:
Crexi
Listing Agency: Ellsbury Group Listing Agent: Kyle Shipman
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Monmouth Multifamily Investment Opportunity
This five-unit multifamily property is located in Monmouth, Illinois, near Monmouth College. The property features one- and two-bedroom, one-bathroom apartments and is currently at 100% occupancy with below-market rents. This presents an opportunity for investors to increase value through strategic renovations and mark-to-market leasing. The property is located on Broadway, in a well-maintained area of town with sidewalks. It includes a driveway and access to grass lot parking, in addition to streetside parking. Monmouth is located 22 minutes from Galesburg, Illinois, and one hour from Peoria, Illinois, and Davenport, Iowa, providing access to both local and larger infrastructure. The recent town center renovation, including a large roundabout, enhances the area. The property offers value through its location and potential upside for investors willing to address deferred maintenance.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Monmouth
- County
- Warren
- State
- Illinois
- Longitude
- -90.649679
- Latitude
- 40.911996
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Five-unit multifamily property in Monmouth, Illinois with value-add potential.
Where is this apartment building located?
The property is located at 211 W Broadway Monmouth, IL.
What are key features of this property?
This property features: - 100% Occupancy; - Value-Add Opportunity through Strategic Renovations and Mark-to-Market Leasing; - Located on Main Street (Broadway) in a Desirable Area of Monmouth
