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    Monmouth, IL
    Residential Income

    Monmouth, IL Residential Income Properties for Sale

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    Alexis, IL Roseville, IL Galesburg, IL Carbondale, IL Abingdon, IL Oquawka, IL Viola, IL Stronghurst, IL
    Five-Unit Apartment Building
    Updated: Nov 13, 2021
    Five-Unit Apartment Building

    302 West Broadway, Monmouth, IL 61462

    $178,000
    0.25 AC lot
    5‑unit apartment building with four 1‑bedroom apartments and one 2‑bedroom apartment
    0.25‑acre lot measuring 82.5 X 132
    Asphalt roof replaced within the last 3‑4 years
    Updated electrical boxes for all apartments
    Two GFA furnaces and two 40‑gallon water heaters
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    Downtown Retail and Apartment Buildings
    Updated: Mar 27
    Downtown Retail and Apartment Buildings

    59-61 Public Square, Monmouth, IL 61462

    Contact for pricing
    Two downtown Monmouth buildings with commercial retail space downstairs and 1 apartment in each building upstairs
    Sprinkler system throughout both buildings
    New roof installed in 2019
    Furnaces, air conditioners, and hot water tanks are all under 10 years old
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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 10 Potential Opportunities for your consideration. Besides 2 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.

    Aledo Restaurant Location with Apartments
    Aledo Restaurant Location with Apartments

    213 S College Avenue, Aledo, IL 61231

    Contact for pricing
    3,600 sqft

    Historic downtown Aledo restaurant with apartments for sale.

    View details
    Mixed-Use Live-Work Property
    Mixed-Use Live-Work Property

    430 N HENDERSON Street, Galesburg, IL 61401

    $119,900

    Mixed-use building with office space, private office, two half baths, and a two-bedroom apartment sharing a rear patio.

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    Occupied Duplex with Mixed Unit Layout
    Occupied Duplex with Mixed Unit Layout

    853 N Cedar Street, Galesburg, IL 61401

    Contact for pricing

    Both residences have month-to-month leases and established tenants in place.

    View details
    Retail Building with Apartment Space
    Retail Building with Apartment Space

    122 E Main Street, Aledo, IL 61231

    Contact for pricing

    Former Maid Rite building offers multi-storefront retail layout with two upstairs apartments and two overhead doors.

    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.

    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.

    View details
    Multifamily Land for Sale
    Multifamily Land for Sale

    1810 Old W Main Street, 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

    Monmouth, IL Residential Income Properties Market Trends and Statistics

    Explore 2 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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    Demographics Overview

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

    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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