108 E Main St Mascoutah, IL 62258
Estimated payment $3,070/month
Total Views
1,761
3
Beds
2
Baths
3,838
Sq Ft
$117
Price per Sq Ft
Highlights
- Wood Flooring
- High Ceiling
- Double Pane Windows
- Mascoutah High School Rated A
- No HOA
- Storage
About This Home
108-110 E Main St - a unique investment opportunity in the heart of downtown Mascoutah! This mixed-use 4-plex offers multiple income streams with plenty of upside potential. Two of the four units are currently occupied, with a long-term commercial tenant paying $950 per month and a one-bedroom residential tenant paying $750 per month. The main-level commercial space previously rented for $1,200 per month, and upstairs you'll find a spacious two-bedroom apartment ready for remodel - the perfect chance to add value and increase income ($1000+). With its prime location, strong rental history, and room for improvement, this property is an ideal fit for investors or an owner-occupant looking to build multiple streams of income. Potential for owner occupied!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,069
Year Built
- Built in 1950
Lot Details
- 3,049 Sq Ft Lot
Home Design
- Brick Exterior Construction
- Combination Foundation
- Asphalt Roof
- Plaster
Interior Spaces
- 3,838 Sq Ft Home
- 2-Story Property
- High Ceiling
- Double Pane Windows
- Panel Doors
- Storage
- Fire and Smoke Detector
Flooring
- Wood
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Basement
- Sump Pump
- Basement Cellar
- Basement Storage
Schools
- Mascoutah Dist 19 Elementary And Middle School
- Mascoutah High School
Utilities
- Forced Air Heating and Cooling System
- Cooling System Mounted To A Wall/Window
- Heating System Uses Natural Gas
- Radiant Heating System
- Natural Gas Connected
- Phone Available
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 10-32.0-145-004
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 4 Units
Building Details
- 2 Leased Units
- Net Operating Income $40,620
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 | $4,786 | $64,421 | $2,363 | $62,058 |
| 2023 | $4,571 | $58,875 | $2,160 | $56,715 |
| 2022 | $4,535 | $53,581 | $1,966 | $51,615 |
| 2021 | $3,722 | $43,240 | $1,904 | $41,336 |
| 2020 | $3,569 | $40,560 | $1,786 | $38,774 |
| 2019 | $3,488 | $40,560 | $1,786 | $38,774 |
| 2018 | $3,418 | $39,471 | $1,738 | $37,733 |
| 2017 | $2,698 | $29,757 | $1,859 | $27,898 |
| 2016 | $2,671 | $29,329 | $1,832 | $27,497 |
| 2014 | $2,368 | $28,658 | $1,790 | $26,868 |
| 2013 | $1,559 | $28,251 | $1,764 | $26,487 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/05/2025 09/05/25 | For Sale | $450,000 | -- | $117 / Sq Ft |
Source: MARIS MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $225,000 | Town & Country Title | |
| Deed | $130,000 | Benedick Title Ins |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $228,000 | Commercial | |
| Previous Owner | $10,175 | Credit Line Revolving |
Source: Public Records
About the Listing Agent
I graduated from Lindenwood University with a bachelor's degree in marketing. Marketing is a perfect match for real estate. I know what buyers are looking for and this can help prep sellers before listing their home. I began real estate in 2021 to help others find their dream home and help renters realize the true benefit of buying. I invested in my first home in 2022, so I understand what buyers are going through in this challenging market. Since 2021 I have closed over 100 homes and produced
Michaela's Other Listings
Source: MARIS MLS
MLS Number: MIS25059710
APN: 10-32.0-145-004
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