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211 W Broadway Monmouth, IL 61462

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Five-unit multifamily property in Monmouth, Illinois with value-add potential.

Property Features for 211 W Broadway

General Information

Standard status
Active

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Listing Contact
Kyle Shipman
Source: Crexi

Listing Agency: Ellsbury Group Listing Agent: Kyle Shipman

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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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

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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City
Monmouth
County
Warren
State
Illinois
Longitude
-90.649679
Latitude
40.911996

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
More about this property
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