Montgomery, IL 60538,313 N Main ST
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Montgomery, IL 60538,313 N Main ST
Montgomery, IL 60538,313 N Main ST
Montgomery, IL 60538,313 N Main ST
Montgomery, IL 60538,313 N Main ST

$550,000

Est. payment /mo

$615,000

10.6%
Est.Price: ?

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313 N Main ST Montgomery, IL 60538

3,064 SqFt

SOLD DATE : 03/28/2025

Key Details

Sold Price $550,000

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Sold

Purchase Type For Sale

Square Footage 3,064 sqft

Price per Sqft $179

MLS Listing ID 12270224

Year Built 1910

Annual Tax Amount $9,179

Tax Year 2023

Lot Size 8,276 Sqft

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

Area Montgomery

Zoning MULTI

Interior

Cooling Central Air

Exterior

Utilities Available Sanitary Sewer, Water to Site

Roof Type Composition

Building

Structure Type Frame

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Midwest Real Estate Data (MRED) IDX
Listed by Keith McMahon • Compass
Bought with Non Member • NON MEMBER
agent

Pat Smarto

Managing Broker / Owner | License ID: 471.000052,

+1(847) 338-3848

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