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    Monmouth, IL
    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
    0.25‑acre lot measuring 82.5 X 132
    Roof replaced within the last 3‑4 years
    Updated electrical boxes in all apartments
    Two GFA furnaces and two 40‑gallon water heaters
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Monmouth, 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.

    5-Unit Apartment Building
    5-Unit Apartment Building

    200 N JEFFERSON ST, Abingdon, IL 61410

    Contact for pricing
    3,360 sqft

    Fully occupied apartment complex with five rental units in good condition.

    View details
    Five-Unit Apartment Building
    Five-Unit Apartment Building

    200 N Jefferson Street, Abingdon, IL 61410

    $119,900

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

    View details
    Mixed-Use Property with Apartment
    Mixed-Use Property with Apartment

    430 N HENDERSON Street, Galesburg, IL 61401

    $119,900

    B-1-zoned property combines commercial workspace with a two-bedroom apartment and shared outdoor space.

    View details
    Two-Unit Duplex Property
    Two-Unit Duplex Property

    853 N Cedar Street, Galesburg, IL 61401

    Contact for pricing

    Residential duplex with a two-bedroom apartment and a separate studio layout.

    View details

    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.

    Multifamily Land for Sale
    Multifamily Land for Sale

    1810 Old W Main St, Carbondale, IL 62901

    $33,500
    0.87 AC lot

    0.87 acre lot zoned R-3 near shopping center.

    View details
    Residential Land in Peaceful Neighborhood
    Residential Land in Peaceful Neighborhood

    15048 Vista View, Burlington, IA 52601

    $99,500
    2.20 AC lot

    2.2 acre building lot with utilities in Burlington, Iowa.

    View details
    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.

    View details
    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.

    View details

    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 income 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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