102 E Market St Mount Carroll, IL 61053
Estimated payment $3,406/month
Total Views
9,215
--
Bed
--
Bath
6,638
Sq Ft
$83
Price per Sq Ft
Highlights
- Elevator
- Forced Air Heating and Cooling System
- Washer and Dryer
- Brick or Stone Mason
- Laundry Facilities
About This Home
Anchoring the heart of Mt. Carroll’s downtown Historic District, this impressive brick cornerstone property offers a unique blend of commercial and residential opportunities. Formerly home to the Mt. Carroll National Bank, this multi-use building features: COMMERCIAL OFFICE SPACE: Has two glass-enclosed, soundproof offices, a granite and cherry reception area, a conference space, a vault, and a 1960’s Elevette three-floor elevator (currently disabled). Per Illinois state guidelines, the elevator must either be reactivated and recertified or removed within the coming years. The main floor units have separate heating and cooling systems but share natural gas and electric services. MAIN FLOOR APARTMENT (ADDED IN 2018): This well-appointed unit includes an electric fireplace, modern plumbing, all appliances, updated flooring, a gas forced-air furnace, central air, some new windows, a custom kitchen, two bedrooms, and a full bath. Currently non-conforming as a residential unit, it could alternatively be used as additional office space. The City of Mt. Carroll is reviewing ordinances related to main-level apartments in commercial districts. SECOND-FLOOR RESIDENCES (RENOVATED IN 2014): The upper level underwent complete interior renovations including all new plumbing and electrical, creating four modern apartments with separate electric services. Updates included new electrical and plumbing systems, four electric furnaces, four separate rooftop central air units, custom kitchen cabinetry with granite countertops, appliances, Pella windows with Levolor blinds, and updated flooring and baths. A shared laundry facility serves three units, while the two-bedroom apartment has its own in-unit washer and dryer as well as a dishwasher. All appliances stay. The apartments are staged; no furnishings stay. Office furniture may be negotiable with a separate bill of sale. BASEMENT: The east half of the basement includes a vault and half bathroom with a rear (north) alley entrance. On the west side of the basement there is approximately 800+ sq. ft. of unfinished space with its own multiple entrances—ready for conversion into an additional commercial space or residential unit to maximize income potential. There are two entrances on the west side of the building off Main Street, plus one handicap accessible alley entrance on the north side of the building. ADDITIONAL INFORMATION: Bituminous Roof installed in 2014, and the building’s water heater was new in 2024. Coded security door to second floor apartments. There is a rear fire escape. The owner is a Licensed Illinois Designated Managing Real Estate Broker and Sole Member of Old Market Street LLC, Series V. All unit square footages are estimated and deemed reliable but not guaranteed. Sale is contingent upon the seller securing housing of their choice. A signed confidentiality agreement and buyer's lender pre-approval are required prior to showing confirmation or receiving financial information. Deed restrictions apply. Party wall agreement. Utility easement. Subject to current leases. SEIZE THIS RARE OPPORTUNITY TO INVEST IN A PIECE OF MT. CARROLL’S HISTORY!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,378
Year Built
- Built in 1870
Parking
- 3 Car Parking Spaces
Home Design
- Brick or Stone Mason
Interior Spaces
- 6,638 Sq Ft Home
- 2-Story Property
- Basement Fills Entire Space Under The House
- Washer and Dryer
Kitchen
- Stove
- Range<<rangeHoodToken>>
- <<microwave>>
- Dishwasher
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
- Separate Meters
- Natural Gas Water Heater
Community Details
Overview
- 6 Units
- 3-Story Building
Amenities
- Laundry Facilities
- Elevator
Map
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Home Values in the Area
Average Home Value in this Area
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 | $4,378 | $54,119 | $3,624 | $50,495 |
| 2023 | $4,378 | $49,424 | $3,310 | $46,114 |
| 2022 | $5,423 | $49,424 | $3,310 | $46,114 |
| 2021 | $3,510 | $31,268 | $3,152 | $28,116 |
| 2020 | $3,483 | $31,268 | $3,152 | $28,116 |
| 2019 | $3,520 | $31,268 | $3,152 | $28,116 |
| 2018 | $3,528 | $31,268 | $3,152 | $28,116 |
| 2017 | $2,748 | $24,735 | $3,060 | $21,675 |
| 2016 | $2,770 | $24,735 | $3,060 | $21,675 |
| 2015 | $2,739 | $24,735 | $3,060 | $21,675 |
| 2014 | $2,571 | $24,735 | $3,060 | $21,675 |
| 2013 | $2,571 | $24,747 | $1,967 | $22,780 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/23/2025 06/23/25 | Price Changed | $800 | -15.8% | $0 / Sq Ft |
| 06/21/2025 06/21/25 | Price Changed | $950 | -13.6% | $0 / Sq Ft |
| 06/20/2025 06/20/25 | For Rent | $1,100 | 0.0% | -- |
| 06/20/2025 06/20/25 | Price Changed | $1,100 | 0.0% | $0 / Sq Ft |
| 05/08/2025 05/08/25 | For Sale | $549,000 | 0.0% | $83 / Sq Ft |
| 06/10/2024 06/10/24 | Rented | $600 | 0.0% | -- |
| 06/20/2023 06/20/23 | Price Changed | $600 | -99.9% | $0 / Sq Ft |
| 06/20/2023 06/20/23 | For Rent | $600,000 | -- | -- |
Source: NorthWest Illinois Alliance of REALTORS®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | -- |
Source: Public Records
About the Listing Agent
Experienced Realtor, Amy Barnes, currently serves buyers and sellers located in Lake Carroll, Carroll, Stephenson, Jo Daviess, Ogle and Whiteside Counties, and surrounding parts of Northwestern Illinois. Always holding client satisfaction as her highest priority, Amy works hard to make the entire home buying and selling experience as productive and enjoyable as possible.
Clients working with Amy never fail to appreciate her expertise, professional integrity, and fierce efficiency. Amy's
Amy's Other Listings
-
$1
- Land
- 0.29 Acre
- $3 per Acre
- 12-50 Birchbark Ct
- Lake Carroll, IL
Located in Section 12 on Birchbark Lane, this 0.29-acre lot offers the perfect opportunity to enjoy everything Lake Carroll has to offer. Whether you're into golfing, boating, or exploring the ATV trails, you'll have full access to the community's exceptional amenities. This is your chance to build your dream getaway or invest in a vibrant, year-round recreational community.
Amy Barnes Barnes Realty Inc.
Source: NorthWest Illinois Alliance of REALTORS®
MLS Number: 202502324
APN: 05-08-01-401-014
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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