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Duplex With Two Separate Units
For Sale
Under Contract
$225,000

318 S Illinois Street, Monticello, IN 47960

MULTI_FAMILY - Monticello, IN

Property Size2,133 SF
Lot Size0.07 Acres
Price / SF$105.49
Days on Market100

Property Features for 318 S Illinois Street

General Information

Property type Residential Multi Family
Property subtype Duplex
Bedrooms 5
Bathrooms 3
Full bathrooms 2
Half bathrooms 1
Rooms Basement, Bedroom 5, Bathroom 3, Bedroom 4, Bedroom 1, Bathroom 2, Bedroom 3, Bedroom 2, Bathroom 1
Parking 3
Parking features Off Street
Basement Block
Lot features City/ Town/ Suburb, Level
Elementary school Twin Lakes
Middle school Twin Lakes
High school Twin Lakes
Elementary school district Twin Lakes School Corp.
Middle school district Twin Lakes School Corp.
High school district Twin Lakes School Corp.
Directions GPS friendly.
Subdivision White County
Standard status Active Under Contract
APN 91-73-33-000-063.301-021
Size 2,133 SF
Lot size 0.07 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description WJR ADD 73.90' OFF E/E LOT 119
Tax Annual Amount 1068
Legal Description WJR ADD 73.90' OFF E/E LOT 119

Building Details

Year built 1900
Floors in Building 1
Number of units 2
Flooring type Carpet, Tile
Roof type Shingle
Architectural style Other
Listing Agency: REAL ESTATE NETWORK L.L.C
Listed By: Matt Zook
Added: Apr 30 Changed: Aug 3 Last Checked: Aug 7 at 8:06AM
MLS# 202615664

Copyright © 2026 White County Association 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.

Investment Insights

Based on property information with market context.

This duplex offers two separate units in a well-maintained configuration. The front unit is all main level and includes three bedrooms and one full bath. The back unit is a split level layout with two bedrooms and 1.5 baths.

The property sits on a 0.07-acre lot and includes 2,133 square feet of living area. Flooring features tile and carpet, and the home has a shingle roof. Parking is available off street.

Built in 1900, the duplex includes a basement and multiple bedrooms and bathrooms across the two units, making it suitable for an owner looking for an income-producing residential setup.

Key Highlights

  • Two‑unit duplex with front main‑level unit and back split‑level unit
  • Front unit: three bedrooms and one full bath
  • Back unit: two bedrooms and 1.5 baths

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

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

392
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
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Frequently Asked Questions

What type of property is this?
Duplex - Well-maintained duplex with two units, off-street parking, and tile and carpet flooring throughout.
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 with front main‑level unit and back split‑level unit; Front unit: three bedrooms and one full bath; Back unit: two bedrooms and 1.5 baths
More about this property
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