Building Details

Buildings 3

Listing Agency: eXp Realty c***@therothangroup.com Show Phone

Listed By: Chris Rothan Show Phone

Source: Shawneehillsrealestate

Added: Mar 31 Changed: Aug 2 Last Checked: Aug 2 at 3:54AM

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Investment Insights

Based on property information with market context.

This multifamily offering consists of two parcels that must be acquired together. Three residential buildings contain eight units in total, with a four-unit building, a duplex, and another duplex. The unit mix includes four 2-bedroom/1-bath units at 517 E Monroe, plus the two units at 407 Morgan St and two units at 519 E Monroe. The Morgan Street property includes a 3-bedroom/1-bath unit and a 1-bedroom/1-bath unit. The 519 E Monroe building contains one 2-bedroom/1-bath unit and one 1-bedroom/1-bath unit.

The second parcel operates as a pay-to-park lot with 49 parking spaces. The property is zoned Commercial and is located at 418 N Spring Street in Metamora, Illinois.

Key Highlights

• Eight total residential units across three multifamily buildings
• Unit mix includes 4‑unit, duplex, and duplex configurations
• Separate pay‑to‑park parcel with 49 parking spaces

Property Analytics

Current Use

Parking lots & garages

Suggested Use

Top Pick Real Estate Agency Big Box & Wholesale Store Auto Repair Shop Dental Office Building Supply Restaurant

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

8

Residential units

Location Intelligence

Trade Area within ½ mile

218

Businesses Nearby

Explore this area Business Placement

Demographics for 61548, IL

12,355

Population

4,671

Households

2.6

Avg Household Size

42

Median Age

51%

College-Educated

96%

High-School Grad

75.7 sq mi

ZIP Area

163

Density / Sq Mi

$114,167

Median Household Income

$61,659

Median Earnings

$1,018

Median Rent

$239,500

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Multifamily property - Commercial zoning combines three residential buildings with a separate pay-to-park lot.

Where is this multifamily property located?

The property is located at 418 N Spring Street Metamora, IL.

What is the asking price?

The asking price for this property is Off market.

What are key features of this property?

This property features: Eight total residential units across three multifamily buildings; Unit mix includes 4‑unit, duplex, and duplex configurations; Separate pay‑to‑park parcel with 49 parking spaces