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$ 615,000
Est. payment /mo
Active Under Contract
313 N Main Street Montgomery, IL 60538
3,064 SqFt
UPDATED:
01/22/2025 04:58 PM
Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 3,064 sqft
Price per Sqft $200
MLS Listing ID 12270224
Year Built 1910
Annual Tax Amount $9,179
Tax Year 2023
Lot Size 8,276 Sqft
Lot Dimensions 66 X 124
Property Sub-Type Multi Family 5+
Property Description
What a find! This property consists of two separate buildings under one PIN number! 313 N Main is a 2 bed 1 bath single family home with a full basement & 315 N Main is a 4 unit building. All 5 units are currently leased, and there is a massive value add opportunity as several rents are below market. 313 N Main roof, furnace & water heater are less than 5 years old. 315 N Main roof & furnaces are approximately 5 years old. Each unit in 315 building has its own furnace. 315 N Main consists of a 1 bed 1 bath, (2) 2 beds 1 bath, and a 2 bed 2 bath unit that also leases the basement. Property is located in Downtown Montgomery - your tenants will enjoy walking to restaurants, riverfront & more. Low overhead property! 313 N Main pays all of their own utilities and also takes care of lawn mowing for both buildings. Tenants take care of their own snow removal - not an owner expense! At 315 N Main owner is responsible for water, sewer & garbage. Tenants are responsible for gas & electric.
Location
State IL
County Kane
Zoning MULTI
Interior
Cooling Central Air
Fireplace Y
Exterior
Utilities Available Sanitary Sewer, Water to Site
View Y/N true
Roof Type Composition
Building
Foundation Block
Structure Type Wood Frame
Others
HOA Fee Include None
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Keith McMahon • Compass