314 W Main St Saint Charles, IL 60174
Downtown Saint Charles NeighborhoodEstimated payment $7,430/month
Highlights
- 3 Fireplaces
- Forced Air Heating and Cooling System
- 1-minute walk to Lincoln Park
- Lincoln Elementary School Rated A
About This Home
Don't miss the chance of a lifetime to own this fully leased 5 unit investment property located in the heart of downtown St Charles. The location is unbeatable! The proximity to the new Whole Foods grocery store, restaurants, shops, Fox River and the bike path makes renting apartments a breeze so there is very little vacancy. There are several longer term tenants in place. Below market rents provide an opportunity for increased cashflow and enhanced value. The current owner has performed extensive updates to all of the units so deferred maintenance is minimal. Features such as onsite parking, outdoor terraces, laundry in every unit, fireplaces, granite countertops, stainless appliances, hardwood floors, and original millwork make these desirable and easy to rent apartments. New front stair installation will be completed by October. Call now to schedule your private tour.
Listing Agent
Coldwell Banker Real Estate Group License #475142955 Listed on: 09/19/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $19,446
Year Built
- Built in 1910
Lot Details
- Lot Dimensions are 66x132x64x132
- Property fronts a state road
Home Design
- Brick Exterior Construction
Interior Spaces
- 3-Story Property
- 3 Fireplaces
- Exterior Basement Entry
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Gas
- Separate Meters
Community Details
Overview
- 5 Units
Building Details
- Electric Expense $752
- Insurance Expense $2,916
- Maintenance Expense $7,478
- Other Expense $1,544
- Trash Expense $2,002
- Water Sewer Expense $2,653
- Operating Expense $17,345
- Gross Income $109,800
- Net Operating Income $73,009
Map
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 | $19,446 | $226,152 | $72,997 | $153,155 |
| 2023 | $18,817 | $204,196 | $65,333 | $138,863 |
| 2022 | $18,597 | $198,634 | $72,314 | $126,320 |
| 2021 | $17,434 | $184,375 | $68,930 | $115,445 |
| 2020 | $17,243 | $180,937 | $67,645 | $113,292 |
| 2019 | $16,943 | $177,355 | $66,306 | $111,049 |
| 2018 | $15,335 | $159,826 | $63,786 | $96,040 |
| 2017 | $14,941 | $154,361 | $61,605 | $92,756 |
| 2016 | $14,964 | $143,399 | $59,441 | $83,958 |
| 2015 | $16,085 | $133,320 | $58,800 | $74,520 |
| 2014 | $16,085 | $124,988 | $59,394 | $65,594 |
| 2013 | $16,085 | $124,988 | $59,988 | $65,000 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/14/2025 11/14/25 | Pending | -- | -- | -- |
| 10/18/2025 10/18/25 | For Sale | $1,100,000 | 0.0% | -- |
| 09/24/2025 09/24/25 | Pending | -- | -- | -- |
| 09/19/2025 09/19/25 | For Sale | $1,100,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | $440,000 | Chicago Title Insurance Comp | |
| Sheriffs Deed | -- | None Available | |
| Warranty Deed | -- | Greater Illinois Title Co | |
| Interfamily Deed Transfer | -- | Chicago Title Insurance Comp | |
| Quit Claim Deed | -- | -- | |
| Joint Tenancy Deed | $191,000 | Chicago Title Insurance Co |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $330,000 | Commercial | |
| Previous Owner | $580,000 | Commercial | |
| Previous Owner | $249,900 | Commercial | |
| Previous Owner | $226,300 | FHA |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12468958
APN: 09-27-361-007
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