Monticello, IL Residential income properties for sale

Updated: Apr 3

Mixed Use, Office, Retail

217 W Washington Street, Monticello, IL 61856

$165,000

3,422 sqft

1890 all‑brick mixed‑use building in downtown Monticello with two independently operated income units
1,622 SF loft apartment with private entrance and access to an exterior balcony; leased at $875/month with separate utilities (tenant pays all expenses)
Recent loft updates include three new windows; loft has tall ceilings and an open‑concept layout with large airy living area
Approximately 1,800 SF main‑level commercial retail space with prominent Washington Street storefront next to a restaurant and bar
Commercial retail space is currently leased; tenants cover all utility expenses and the building has separate utilities for both units

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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

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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Versatile Commercial Property in Champaign

1069 County Road 900, Champaign, IL 61822

$949,900

5.00 AC lot

Warehouse, office, acreage, and single-family rental near I-57.

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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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Spacious Townhomes Near University

1801 West John Street, Champaign, IL 61821

Contact for pricing

45-unit townhome community near the University of Illinois.

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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.

Development Land in Oreana

East St, Oreana, IL 62554

$816,000

27.20 AC lot

Approximately 27.2 acres of mostly tillable land with some wooded areas, suitable for phased residential development.

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Greencroft Homesite Near Country Club

21 Greencroft Drive, Champaign, IL 61821

$375,000

0.54 AC lot

Luxury homesite in established community near Champaign Country Club.

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Prime Land Near University

1301 N Lincoln Avenue, Urbana, IL 61801

$1,200,000

3.12 AC lot

3.12-acre parcel near the University of Illinois.

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Urbana Land For Sale

402 W Griggs Street, Urbana, IL 61801

$599,000

1.08 AC lot

Commercial land available in Urbana, Illinois.

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Monticello, IL Residential Income Properties Market Trends and Statistics

Explore 1 residential income properties for sale in Monticello, IL on our real estate platform. These investment opportunities span a total of 3,422 square feet of properties for sale, with an estimated market value of $165,000.

Sale prices for residential income properties in Monticello, IL start at $165,000, averaging $165,000, and reaching up to $165,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Monticello, IL Residential Income Properties for Sale

217 W Washington Street, Monticello, IL 61856