$625,000

211 W Broadway Monmouth, IL 61462

Estimated payment $3,528/month

Total Views 3,788
-- Bed
-- Bath
2,440 Sq Ft
$256 Price per Sq Ft

About This Home

Value-Add Investment Property

Listing Agent

Kyle Shipman

Ellsbury Group LLC License #475216160 Listed on: 08/19/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,562

Year Built

  • Built in 1910

Lot Details

  • 6,864 Sq Ft Lot
  • Lot Dimensions are 52' x 132'
  • Additional Parcels

Interior Spaces

  • 2,440 Sq Ft Home
  • 2-Story Property

Utilities

  • Window Unit Cooling System
  • Heating System Uses Gas

Community Details

Overview

  • 20 Units

Building Details

  • Fuel Expense $7,245
  • Insurance Expense $8,400
  • Maintenance Expense $2,160
  • Other Expense $20,000
  • Water Sewer Expense $16,082
  • Operating Expense $67,003
  • Gross Income $135,960
  • Net Operating Income $61,887

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,562

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 2
  • Year Built: 1910
  • Built Before 1978 (Y/N): Yes
  • Information: None
  • Estimated Age: Older
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Possible Use: Multi-Family
  • Room: 5
  • Room: 5
  • Room: 0

Exterior Features

  • Construction Materials: Wood, Vinyl Siding
  • Frontage Type: City Street
  • List Price: 625000

Garage/Parking

  • Outdoor Parking: 19-30 Spaces

Utilities

  • Cooling: Window Unit(s)
  • Heat/Ventilation: Gas

Fee Information

  • Water Sewer Expenses: 16082
  • Janitor Expense: 0

Lot Info

  • Additional Parcels: Yes
  • Lot Dimensions: 52' x 132'
  • Lot Size Sq Ft: 6864

Building Info

  • BuildingAreaTotal: 2440

Rental Info

  • Board Number: 10
  • Tenancy Type: Leases

Multi Family

  • Net Operating Income: 61887
  • Fuel Expense: 7245
  • Insurance Expense: 8400
  • GrossIncome: 135960
  • Maintenance Expense: 2160
  • NumberOfUnitsTotal: 20
  • OperatingExpense: 67003
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 2562.2
  • Tax Year: 2024

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 $2,562 $25,470 $2,080 $23,390
2023 $2,562 $23,880 $1,950 $21,930
2022 $2,338 $22,800 $1,860 $20,940
2021 $2,284 $21,370 $1,740 $19,630
2020 $2,203 $21,370 $1,740 $19,630
2019 $2,123 $20,810 $1,690 $19,120
2018 $2,103 $20,580 $1,670 $18,910
2017 $2,061 $20,480 $1,660 $18,820
2016 $1,977 $20,490 $1,660 $18,830
2015 -- $20,010 $1,620 $18,390
2014 -- $19,520 $1,580 $17,940
2013 -- $18,650 $1,510 $17,140
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/19/2025 08/19/25 For Sale $625,000 -- $256 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $200,000 Western Illinois Title
Warranty Deed $157,000 Attorney
Warranty Deed $156,500 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $85,000 Commercial
Previous Owner $112,000 Purchase Money Mortgage
Source: Public Records

Source: Midwest Real Estate Data (MRED)

MLS Number: 12451597

Midwest Real Estate Data (MRED)

APN: 09-205-209-00