$295,000

101 W Market St Mount Carroll, IL 61053

Estimated payment $2,067/month

Total Views 1,775
-- Bed
-- Bath
7,768 Sq Ft
$38 Price per Sq Ft

Highlights

  • Brick or Stone Mason
  • Forced Air Heating and Cooling System
  • Baseboard Heating

About This Home

Excellent multi-use investment property located right in the heart of downtown Mount Carroll. Sitting on the corner lot of W. Market St and N. Main St and kitty corner from the Carroll County Courthouse, this downtown building is one of the most visible buildings in the downtown area. The main floor features a wide open retail space with rows of shelving remaining in place, men and women's restrooms, as well as back office, storage and break room areas for staff. This space is certainly not limited to retail use, and could possibly be used for office space or your own small business! Upstairs is a total of 4 apartments including (2) 2 bedroom apartments and (2) 1 bedroom apartments. The lower level has a walk out to the rear of the building, a ton of room for storage, and sliding doors to a lower level garage with alley access. The building is currently vacant of all tenants so the new owner receives full possession as of closing and has the ability to fill units on their own! This property is an excellent real estate investment with a potential of 5 income sources under one roof in a great location within the bustling downtown area of Mount Carroll!

Listing Agent

BRANDON BEYER

JIM SULLIVAN REALTY License #471021761 Listed on: 09/03/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,035

Year Built

  • Built in 1899

Home Design

  • Brick or Stone Mason
  • Rubber Roof
  • Concrete Siding

Interior Spaces

  • 7,768 Sq Ft Home
  • 2-Story Property
  • Basement

Kitchen

  • Oven
  • Stove
  • Range

Laundry

  • Dryer
  • Washer

Schools

  • West Carroll Elementary And Middle School
  • West Carroll High School

Utilities

  • Forced Air Heating and Cooling System
  • Window Unit Cooling System
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Separate Meters
  • Electric Water Heater

Community Details

  • 4 Units
  • 3-Story Building

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,035

Year Built

Built in 1899

Lot Details

0

Listing Details

  • Electric: Circuit Breaker
  • Appliances That Stay or Are Included: Dryer, Refrigerator, Stove/Cooktop, Oven, Washer
  • Class: MULTIFAMILY
  • General Features: County Taxes
  • Grid: Carroll County
  • Legal Description: Per title.
  • Lvt Date: 09/03/2025
  • Style: 2 Story
  • Type: 3 - 4 Units
  • Annual Insurance Expense: 2000
  • Legal Account Yr: 500
  • Maintenance Yr: 1000
  • Number Of Floors In Bldg: 3
  • Number Of Units In Bldg: 4
  • Utilities Yr: 1000
  • Agent Only_ L A1 User Code: F_61028
  • Elementary School: West Carroll
  • Estimated Total Finished Sq Ft: 7768
  • Hold Earnest Money Y N: No
  • Pertinent Facts: Excellent multi-use investment property located right in the heart of downtown Mount Carroll. Sitting on the corner lot of W. Market St and N. Main St and kitty corner from the Carroll County Courthouse, this downtown building is one of the most visible buildings in the downtown area. The main floor features a wide open retail space with rows of shelving remaining in place, men and women's restrooms, as well as back office, storage and break room areas for staff. This space is certainly not limited to retail use, and could possibly be used for office space or your own small business! Upstairs is a total of 4 apartments including (2) 2 bedroom apartments and (2) 1 bedroom apartments. The lower level has a walk out to the rear of the building, a ton of room for storage, and sliding doors to a lower level garage with alley access. The building is currently vacant of all tenants so the new owner receives full possession as of closing and has the ability to fill units on their own! This property is an excellent real estate investment with a potential of 5 income sources under one roof in a great location within the bustling downtown area of Mount Carroll!
  • Designated Managing Broker Y N: Yes
  • Separate Electric: Yes
  • Separate Heat: No
  • Separate Water Y N: No
  • Washer Dryer Coin Operated: No
  • Washer Dryer Hookups: No
  • Washer Dryer: No
  • Estimated Above Grade Sq Ft: 7768
  • L O1 Brokerage Number: 478012972
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Price Per Sq Ft: 37.98
  • Basement: Yes

Exterior Features

  • Exterior: Brick/Stone, Concrete Block
  • Roof: Rubber

Utilities

  • Cooling: Central Air, Window Unit
  • Heating: Baseboard, Electric, Forced Air, Natural Gas
  • Sewer: City
  • Water: City
  • Water Heater: Electric
  • Separate Utilities: Yes

Schools

  • School District: West Carroll
  • Elementary School: West Carroll
  • Middle School: West Carroll
  • High School: West Carroll

Building Info

  • Year Built: 1899

Tax Info

  • Year: 2024
  • Taxes: 6035

MLS Schools

  • HighSchool: West Carroll
  • School District: West Carroll
  • Middle School: West Carroll

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $6,035 $59,439 $3,857 $55,582
2023 $6,035 $54,282 $3,522 $50,760
2022 $5,957 $54,282 $3,522 $50,760
2021 $5,745 $51,182 $3,354 $47,828
2020 $5,702 $51,182 $3,354 $47,828
2019 $5,763 $51,182 $3,354 $47,828
2018 $5,775 $51,182 $3,354 $47,828
2017 $4,313 $44,819 $3,256 $41,563
2016 $4,347 $44,819 $3,256 $41,563
2015 $4,299 $44,819 $3,256 $41,563
2014 $4,140 $44,819 $3,256 $41,563
2013 $4,140 $39,853 $2,093 $37,760
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/03/2025 09/03/25 For Sale $299,000 -- $50 / Sq Ft
Source: NorthWest Illinois Alliance of REALTORS®

Purchase History

Date Type Sale Price Title Company
Grant Deed $150,100 --
Source: Public Records

Source: NorthWest Illinois Alliance of REALTORS®

MLS Number: 202505347

NorthWest Illinois Alliance of REALTORS®

APN: 05-08-01-401-012