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Two-Unit Duplex
For Sale
$225,000

318 S Illinois Street, Monticello, IN 47960

Separate residences provide a three-bedroom layout and a two-bedroom split-level configuration.

Property SizeContact for details
Days on Market42

Property Features for 318 S Illinois Street

General Information

Standard status Active
Property subtype INVESTMENT

Units

Unit Mix 1 x 3BR/1BA, 1 x 2BR/1.5BA
Multifamily Units 2
Listing Agency: REAL ESTATE NETWORK L.L.C
Listed By: Matt Zook
Source: Midwestrealestategroup
Added: Jul 20 Changed: Aug 28 Last Checked: Aug 29 at 9:16AM

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 REAL ESTATE NETWORK L.L.C

Investment Insights

Based on property information with market context.

This duplex contains two distinct residential units. The front residence is arranged on one level with three bedrooms and one full bathroom. The rear residence uses a split-level layout with two bedrooms and one-and-a-half bathrooms.

The property is located at 318 S Illinois Street in Monticello, Indiana.

Key Highlights

  • Two‑unit duplex configuration
  • Front unit offers 3 bedrooms and 1 full bath on one level
  • Rear unit includes 2 bedrooms and 1.5 baths in a split‑level layout

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick HVAC Service Kitchen & Bath Showroom Real Estate Agency Barber Shop Storage Facility Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

381
Businesses Nearby

Demographics for 47960, IN

15,029
Population
9,757
Households
1.5
Avg Household Size
47
Median Age
18%
College-Educated
91%
High-School Grad
118.3 sq mi
ZIP Area
127
Density / Sq Mi
$61,087
Median Household Income
$38,389
Median Earnings
$852
Median Rent
$179,300
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Separate residences provide a three-bedroom layout and a two-bedroom split-level configuration.
Where is this duplex located?
The property is located at 318 S Illinois Street Monticello, IN.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Two‑unit duplex configuration; Front unit offers 3 bedrooms and 1 full bath on one level; Rear unit includes 2 bedrooms and 1.5 baths in a split‑level layout
More about this property
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