Eight-Unit Multifamily
For Sale
Contact for pricing
418 N Spring Street, Metamora, IL 61548
Commercial zoning combines three residential buildings with a separate pay-to-park lot.
Property Size40,500 SF
Price / SF$0.37
Days on Market133
Property Features for 418 N Spring Street
General Information
Standard status
Active
Size
40,500 SF
Total Parking Spaces
49
Property subtype
Commercial
Zoning
Commercial
Units
Unit Mix
1 x 3BR/1BA, 2 x 1BR/1BA, 5 x 2BR/1BA
Multifamily Units
8
Taxes and HOA fees
Annual Taxes
$9,223
Building Details
Buildings
3
Listing Agency:
eXp Realty
(309) 868-2841
Listed By:
Chris Rothan
(309) 868-2841
Source:
Shawneehillsrealestate
Added: Mar 31
Changed: Aug 2
Last Checked: Aug 9 at 12:38PM
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 eXp Realty
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.
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
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
