517 E Monroe Street # 519 Metamora Metamora, IL 61548

Building Details

Year Built

1967

Listing office Show Phone

Listing date Jul 14, 2026

Source Realestatepeoria

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Investment Insights

Based on property information with market context.

This offering is part of a package requiring the acquisition of two parcels together. Parcel one includes three multi-unit residential buildings totaling eight units: 407 Morgan St (two units), 517 E Monroe (four units), and 519 E Monroe (two units).

Parcel two is a pay-to-park lot with 49 income-producing parking spaces. The residential portfolio is nearly fully occupied, and one current vacancy is being actively vetted for a qualified new tenant. Most units have been updated, and there is additional value-add potential through the opportunity to finish an additional unit within an existing apartment. The property also notes outdoor storage units with potential to increase income.

This diversified portfolio combines residential rental income with parking revenue, presented for sale as a combined investment package.

Key Highlights

• Package deal includes two parcels: multi‑unit residential buildings plus a pay‑to‑park lot
• Three residential buildings totaling 8 units: 407 Morgan St (2 units), 517 E Monroe (4 units), 519 E Monroe (2 units)
• Unit mix includes 1 bed/1 bath, 2 bed/1 bath, and 3 bed/1 bath apartments

Property Analytics

Location Intelligence

Similar For Sale Nearby

• 

  $700,000

  Pay-to-Park Parking Lot Package

  Pay-to-park lot with 49 spaces is sold as part of a two-parcel package including an eight-unit apartment portfolio.

  517 E MONROE Street, Metamora, IL 61548

  View Details
• 

  $15,000

  Small Multi-Unit Income Property

  Package includes a pay-to-park lot with 49 spaces and three multi-unit buildings totaling eight units.

  418 N SPRING Street, Metamora, IL 61548

  View Details

FAQs

What type of property is this?

Parking lot & garage - Package includes multi-unit residential buildings and a pay-to-park lot with 49 income-producing spaces.

Where is this parking lot & garage located?

The property is located at 517 E Monroe Street # 519 Metamora Metamora, IL.

What is the asking price?

The asking price for this property is $700,000.

What are key features of this property?

This property features: Package deal includes two parcels: multi‑unit residential buildings plus a pay‑to‑park lot; Three residential buildings totaling 8 units: 407 Morgan St (2 units), 517 E Monroe (4 units), 519 E Monroe (2 units); Unit mix includes 1 bed/1 bath, 2 bed/1 bath, and 3 bed/1 bath apartments