$168,500
$27K PRICE DROP

413 E Lincoln St Monticello, IL 61856

Estimated payment $1,040/month

Total Views 60,628
2 Beds
1 Bath
902 Sq Ft
$187 Price per Sq Ft

Highlights

  • Guest House
  • Vaulted Ceiling
  • Formal Dining Room
  • White Heath Elementary School Rated A-
  • Wood Flooring
  • 5-minute walk to Nick's Park

About This Home

Investment opportunity! 2 properties on one parcel! Charming bungalow styled home with a private studio/guest house that is currently rented month to month, offers 2 opportunities in one. This property offers an excellent opportunity to move right in and collect some rent in the process or add to your rental portfolio. Freshly painted with refinished hardwood flooring and new laminate in the kitchen. The 2 bedroom home offers 1 full bath, large eat in kitchen with a formal dining room and spacious living room. Abundance of windows allow for ample nature light to permeate thought out the home. The oversized corner lot has mature trees and newer oversized garden shed. This property offers an excellent opportunity for an additional income stream. The 1 bedroom/1 bath studio/guest house has hardwood floors and vaulted ceilings with an open concept. Approximately 400 sqft and is currently rented month to month with a long term tenant who is anxious to stay should the new owner not need the space for their own personal use. Check out this well maintained and freshly updated home today. You will not be disappointed.

Listing Agent

Matthew Foster

RE/MAX REALTY ASSOCIATES-MONT License #475124113 Listed on: 05/09/2025

RE/MAX REALTY ASSOCIATES-MONT

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,925

Parking

  • 2 Parking Spaces

Home Design

  • Bungalow

Interior Spaces

  • 902 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • Family Room
  • Living Room
  • Formal Dining Room
  • Partial Basement
  • Breakfast Bar
  • Laundry Room

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Patio
  • Shed

Schools

  • Monticello Elementary School
  • Monticello Junior High School
  • Monticello High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Additional Features

  • Lot Dimensions are 78.75x170
  • Guest House

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,925

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 1 Story
  • Ownership: Fee Simple
  • ArchitecturalStyle: Bungalow
  • New Construction: No
  • Property Sub-Type: 1 Story
  • Age: Unknown
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Legal Description: BKL 11 LOT 1 & E 1/2 OF LOT 2 KEENAN'S ADDITION TO MONTICELLO 52 9 37
  • Actual Status: Active
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Cellar, Partial
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • Flooring: Hardwood
  • LivingArea: 902
  • Room Type: Eating Area
  • Estimated Total Finished Sq Ft: 902
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 1002
  • Flooring: Hardwood

Exterior Features

  • Construction Materials: Masonite
  • OtherStructures: Guest House, Shed(s)
  • Patio And Porch Features: Patio
  • Waterfront: No

Garage/Parking

  • Parking Features: Yes
  • ParkingTotal: 2

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas, Forced Air
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Monticello Elementary
  • High School: Monticello High School
  • Middle/Junior School: Monticello Junior High School

Lot Info

  • Lot Dimensions: 78.75X170
  • Lot Size: .25-.49 Acre
  • Special Assessments: U

Rental Info

  • Board Number: 22

Tax Info

  • Tax Annual Amount: 1924.64
  • Tax Year: 2023
  • Tax Exemptions: None

Map

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

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 $1,960 $31,350 $6,478 $24,872
2023 $1,925 $29,437 $6,083 $23,354
2022 $1,803 $27,130 $5,606 $21,524
2021 $1,715 $25,474 $5,264 $20,210
2020 $1,675 $24,853 $5,136 $19,717
2019 $1,619 $24,426 $5,048 $19,378
2018 $1,560 $23,796 $4,918 $18,878
2017 $1,498 $23,796 $4,918 $18,878
2016 $1,427 $22,750 $4,702 $18,048
2015 $1,444 $22,750 $4,702 $18,048
2014 $1,444 $22,750 $4,702 $18,048
2013 $1,444 $22,750 $4,702 $18,048
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/13/2025 11/13/25 For Sale $168,500 0.0% $187 / Sq Ft
11/07/2025 11/07/25 Pending -- -- --
10/01/2025 10/01/25 Price Changed $168,500 -3.7% $187 / Sq Ft
07/12/2025 07/12/25 Price Changed $175,000 -10.3% $194 / Sq Ft
05/23/2025 05/23/25 For Sale $195,000 0.0% $216 / Sq Ft
05/14/2025 05/14/25 Pending -- -- --
05/09/2025 05/09/25 For Sale $195,000 -- $216 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed $80,000 --
Source: Public Records

Source: Midwest Real Estate Data (MRED)

MLS Number: 12359776

Midwest Real Estate Data (MRED)

APN: 05-00-54-000-395-00