500 N Main St Benton, IL 62812
Benton AreaEstimated payment $962/month
About This Home
Great opportunity to own a 4-unit income-producing property in the heart of Benton, Illinois. Located at the corner of Main Street and Joplin Street, this property offers strong visibility and convenient access to shopping, dining, and everyday amenities. Each unit features a 1-bedroom, 1-bath layout, ideal for tenants seeking simple, affordable living. Three units are currently rented, providing immediate income, while the fourth unit has been recently remodeled and is ready for a new tenant or potential owner-occupant. A standout feature is the 22 x 40 detached 4-car garage, offering additional income potential. This space could be leased for storage, used for tenant parking at an added fee, or repurposed for other rental uses—creating an opportunity to increase overall cash flow. Located just minutes from Rend Lake, this property benefits from nearby outdoor recreation, including boating, fishing, and seasonal tourism, adding to tenant appeal. Whether you're expanding your portfolio or entering the multi-family market, this property offers steady occupancy, added income potential, and a convenient in-town location. Schedule your showing today and explore the possibilities this Benton investment has to offer.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,991
Year Built
- Built in 1921
Lot Details
- 13,460 Sq Ft Lot
- Lot Dimensions are 90 x 150
- Corner Lot
Parking
- 4 Parking Spaces
Home Design
- 2,100 Sq Ft Home
- Block Foundation
- Composition Roof
- Masonite
Bedrooms and Bathrooms
- 4 Bedrooms
Schools
- Benton Elementary And Middle School
- Benton Consolidated High School
Utilities
- Wall Furnace
- Window Unit Heating System
- Gas Water Heater
Additional Features
- Unfinished Basement
Community Details
- Trash Expense $780
Listing and Financial Details
- Assessor Parcel Number 08-18-190-003
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $11,388 | $925,834 | $143,594 | $782,240 |
| 2025 | $11,114 | $907,681 | $140,779 | $766,902 |
| 2024 | $11,024 | $889,884 | $138,019 | $751,865 |
| 2023 | $11,024 | $872,436 | $135,313 | $737,123 |
| 2022 | $10,744 | $855,330 | $132,660 | $722,670 |
| 2021 | $10,290 | $838,500 | $130,000 | $708,500 |
| 2020 | $10,276 | $834,400 | $130,500 | $703,900 |
| 2019 | $10,294 | $818,000 | $127,900 | $690,100 |
| 2018 | $9,621 | $802,000 | $125,400 | $676,600 |
| 2017 | $8,796 | $729,000 | $176,000 | $553,000 |
| 2016 | $8,515 | $695,000 | $168,000 | $527,000 |
| 2015 | $8,292 | $682,000 | $165,000 | $517,000 |
| 2014 | -- | $625,000 | $151,000 | $474,000 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/28/2026 08/28/26 | Price Changed | $129,900 | -5.5% | $62 / Sq Ft | |
| 05/29/2026 05/29/26 | Price Changed | $137,500 | -1.7% | $65 / Sq Ft | |
| 04/10/2026 04/10/26 | For Sale | $139,900 | +79.4% | $67 / Sq Ft | |
| 10/20/2021 10/20/21 | Sold | $78,000 | -4.9% | $37 / Sq Ft | View Prior Sale |
| 07/25/2021 07/25/21 | Pending | -- | -- | -- | |
| 04/27/2021 04/27/21 | For Sale | $82,000 | +64.0% | $39 / Sq Ft | |
| 06/20/2016 06/20/16 | Sold | $50,000 | -13.8% | $21 / Sq Ft | View Prior Sale |
| 05/31/2016 05/31/16 | Pending | -- | -- | -- | |
| 05/28/2016 05/28/16 | For Sale | $58,000 | -- | $24 / Sq Ft |
Source: RMLS Alliance
MLS Number: PA1265503
APN: 08-18-190-003
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Listings courtesy of RMLS Alliance as distributed by MLS GRID.
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Ask me questions while you tour the home.