$425,000
SOLD FEB 18, 2026

331 W Main St Olney, IL 62450

-- Bed
-- Bath
-- Sq Ft
0.9 Acres Lot

Sale Details

Date Sold: February 18, 2026

9% Above List Price

8 Days on Market

Highlights

  • 0.91 Acre Lot
  • Forced Air Heating and Cooling System
  • Carpet
  • Courtyard
  • Baseboard Heating

About This Home

As of February 2026

Attention Investors, What An Amazing Opportunity! 13 Units Total. 4 one story Duplex's with 8 units, 2 two story apartments with 2 units each, plus one single family 2 bedroom home. Here is your chance to purchase 13, 2- bedroom units, all with a great rental history for one price. Priced at less than $30k per unit or less than $41 per sq ft. Each unit rents for $600 at this time and the property has 100% occupancy. 331 W. Main is 2 two story buildings each with 2, all electric apartments. each apartment is 858 sq ft with 2 bedrooms. The living and dining area are open and spacious and have galley kitchens. Each apartment has electric forced air heat and Central Air. 329 & 403 W. Main each having 2 ground level duplex apartment buildings. Each of the 617 Sq Ft 2 Bedroom apartments has a great layout. Each unit has electric baseboard heat and wall air units. The apartment area has a courtyard, sidewalks, off street parking, & bike rack. To be closer to your unit on street parking is also welcome. The 2- bedroom, 1 bath home on the east side is also included in the sale. The 1182 sq ft home has forced air heat and central air conditioning. The home needs a little TLC but seems to be solid and is rented. The tenant in the home pays their own utilities and each tenant in each all-electric duplex pays for their own electricity. This is an excellent investment opportunity for the landlord wanting to add to their portfolio or the investor just wanting to get started.

Last Agent to Sell the Property

Phil Wiley

WILEY REALTY GROUP License #471019822 Listed on: 01/06/2026

Last Buyer's Agent

Phil Wiley

WILEY REALTY GROUP License #471019822 Listed on: 01/06/2026

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,705

Year Built

  • Built in 1974

Lot Details

  • 39,372 Sq Ft Lot
  • Additional Parcels

Home Design

  • Cluster Home

Interior Spaces

  • 2-Story Property
  • Fire and Smoke Detector

Flooring

  • Carpet
  • Vinyl

Outdoor Features

  • Courtyard

Utilities

  • Forced Air Heating and Cooling System
  • Floor Furnace
  • Heating System Uses Gas
  • Baseboard Heating

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 13 Units

Building Details

  • Insurance Expense $9,603
  • Trash Expense $7,200
  • Water Sewer Expense $4,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,705

Year Built

Built in 1974

Lot Details

0.9 Acres

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Cluster,Courtyard
  • Stories: 2
  • Year Built: 1974
  • Built Before 1978 (Y/N): Yes
  • Information: Show-Pets in Home,Show-Special Instructions,48-Hr Notice Required,Other-See Remarks,Othr-Call List Agent,Sellers Discl Not Av
  • Estimated Age: Older
  • Actual Status: Closed
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl
  • Fire Protection: Smoke or Fire Protectors
  • Fireplaces: 0
  • Drive-In Doors: 0
  • Dishwashers: 0
  • Refrigerators: 13
  • Ranges: 13
  • Number of Washers: 0

Utilities

  • Cooling: Central Air
  • Heat/Ventilation: Electric,Forced Air,Gas,Baseboard,Individual Furnaces

Fee Information

  • Trash Expense: 7200
  • Water Sewer Expenses: 4800

Lot Info

  • Additional Parcels: Yes
  • Lot Size Acres: 0.91
  • Lot Dimensions: 193 204
  • Lot Size Sq Ft: 39372

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 29

Multi Family

  • Insurance Expense: 9603
  • NumberOfUnitsTotal: 13
  • Type Multi-Family: Cluster,Courtyard
  • Number of Apartments: 13

Tax Info

  • Tax Annual Amount: 10704.56
  • Tax Year: 2024

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/18/2026 02/18/26 Sold $425,000 +9.3% --
01/14/2026 01/14/26 Pending -- -- --
01/06/2026 01/06/26 For Sale $389,000 -- --
Source: Midwest Real Estate Data (MRED)

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 100000329

Midwest Real Estate Data (MRED)

APN: 11-03-104-002

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