Residential Income

Monmouth, IL Residential Income Properties for Sale

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5-Unit Apartment Building
Updated: Nov 13, 2021
5-Unit Apartment Building

302 West Broadway, Monmouth, IL 61462

$178,000
0.25 AC lot
Five apartments: four one‑bedroom units and one two‑bedroom unit
Stove and refrigerator in every apartment
Two forced‑air furnaces and two 40‑gallon water heaters
Updated electrical panels serving all apartments
0.25‑acre lot measuring 82.5 by 132 feet
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1 active listing matches your search: Residential Income for sale in Monmouth, IL. Based on your search, we've also compiled 8 Potential Opportunities for your consideration: 4 properties in nearby cities and 4 land listings with development potential.

Opportunities in Nearby Cities

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

Four-Unit Quadplex with Garages
Four-Unit Quadplex with Garages

209 S Mary Street, Stronghurst, IL 61480

$205,000
4 units  3,872 sqft  Built 2000  0.33 acres  Multi-tenant
100% occupied

Fully occupied residential income property with private outdoor space, laundry rooms, and tenant-paid utilities.

4 spaces  4 x 2BR/1BA  Private deck area  Laundry room
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Two-Unit Duplex with Separate Utilities
Two-Unit Duplex with Separate Utilities

1008 Ash Street, Burlington, IA 52601

$119,900
2,339 sqft 0.18 AC lot

Two apartments provide distinct layouts, main-level laundry, and newer vinyl windows.

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Up-Down Duplex
Up-Down Duplex

1127 Washington Street, Burlington, IA 52601

$40,500
1,809 sqft 0.13 AC lot

The upper apartment has two bedrooms, one bathroom, and a permit; separate meters serve the property.

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Five-Unit Apartment Building
Five-Unit Apartment Building

200 N Jefferson Street, Abingdon, IL 61410

$119,900
5 units  Built 1881
100% occupied

Fully occupied apartment property with a multi-unit configuration in Abingdon.

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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.

Commercial/Residential Development Opportunity
Commercial/Residential Development Opportunity

0 E Carl Sandburg Drive, Galesburg, IL 61401

$550,000

Prime land for commercial or residential development in Galesburg, IL.

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Multifamily Land for Sale
Multifamily Land for Sale

1810 Old W Main St, Carbondale, IL 62901

$33,500
0.87 acres

0.87 acre lot zoned R-3 near shopping center.

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Residential Land in Growing Area
Residential Land in Growing Area

Stonebriar Drive Lot 49, Burlington, IA 52601

$111,000
0.80 AC lot

Land for sale in a growing Burlington neighborhood.

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Residential Land in Westbrook Estates
Residential Land in Westbrook Estates

Stonebriar Drive Lot 48, Burlington, IA 52601

$109,000
0.70 AC lot

Land for sale in a growing Burlington neighborhood.

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Monmouth, IL Residential Income Properties Market Trends and Statistics

Explore 1 residential income properties for sale in Monmouth, IL on our real estate platform.

Sale prices for residential investment properties in Monmouth, IL average $178,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Apartment buildings 1
Multifamily properties 1

Demographics Overview

Population 11K
Population Growth (5Y) -7.7%
Median Household Income $62,190
College Educated 28.8%

High-Yield Neighborhoods for Investment

Identify Monmouth submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
61462 $178K

Taxes & Financing

Tax Rate (average for all types) 7.56%
Tax Rate vs County Average 0.10 pp below county avg
Average Loan-to-Value 65.0%

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