Multifamily

Monticello, IL Multifamily Properties for Sale

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De Land, IL Bement, IL Ivesdale, IL Seymour, IL Bondville, IL Cerro Gordo, IL De Witt, IL Champaign, IL
Duplex Income Property
Updated: Apr 11
Duplex Income Property

491-495 N Buchanan St, Monticello, IL 61856

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Well‑kept 2‑unit duplex with 2‑bedroom, 1‑bath units
Each unit includes living room, dining room, kitchen, and a laundry room
Rents are $600 per side
Appliances included except washer and dryer
Leases will be provided at closing
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Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Monticello, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Urbana Multifamily Investment Opportunity
Urbana Multifamily Investment Opportunity

709 W Nevada Street, Urbana, IL 61801

$589,000
0.18 AC lot

Well-maintained 5-unit property near University of Illinois campus.

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10-Bedroom Rooming House
10-Bedroom Rooming House

805 W Oregon Street, Urbana, IL 61801

$349,900

Leased 10-bedroom rooming house in Urbana with parking and a lease term through July 2027.

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Duplex Portfolio with Two-Car Garages
Duplex Portfolio with Two-Car Garages

805 Prestwick Point, Champaign, IL 61822

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Turnkey portfolio of 11 duplex buildings with fully leased 3- and 2-bedroom units featuring two-car garages.

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Multifamily Apartment Community
Multifamily Apartment Community

2106 W White St, Champaign, IL 61821

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Market-rate multifamily community with over 500 units and an active renovation program, including a newly built clubhouse.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

University Park Developable Land
University Park Developable Land

976 Mesa Court, University Park, IL 60484

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3.20 AC lot

3.2 acres with 24 concrete housing pads in University Park.

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Wooded Homesite in Wheatfield, Indiana
Wooded Homesite in Wheatfield, Indiana

4418 Oakland Court, Wheatfield, IN 46392

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0.57 AC lot

Spacious, wooded 0.57-acre lot in established neighborhood.

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Commercial Land Development Parcel
Commercial Land Development Parcel

17039 Hillside Lane, Jerseyville, IL 62052

$70,000
2.10 AC lot

Roughly two acres off Route 67 with utilities in place and an existing concrete pad for flexible development uses.

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Land For Sale, Lakemoor, IL
Land For Sale, Lakemoor, IL

27 Oyster Bay, Lakemoor, IL 60051

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0.12 AC lot

Commercial land available in Lakemoor, Illinois.

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Monticello, IL Multifamily Properties Market Trends and Statistics

Explore 1 multifamily properties for sale in Monticello, IL on our real estate platform.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Duplexes 1

Demographics Overview

Population 8,110
Population Growth (5Y) +2.9%
Median Household Income $94,841
College Educated 53.3%

Taxes & Financing

Tax Rate (average for all types) 6.81%
Tax Rate vs County Average 0.35 pp below county avg
Average Loan-to-Value 65.0%

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