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About This Home

This 0-bedroom, 0-bathroom commercial at 517 E MONROE Street in Metamora, IL is listed for $700,000. Built in 1967, on a 0.53 acres lot.

Agent Description

PART OF A PACKAGE. BUYER MUST ACQUIRE BOTH PARCELS. Unique Investment Opportunity with Multiple Income Streams This offering includes two parcels delivering immediate cash flow and long-term upside. Parcel one includes three multi-unit buildings totaling eight residential units: - 407 Morgan St - 2 units (3 Bed/1 Bath, 1 Bed/1 Bath) - 517 E Monroe

- 4 units (four 2 Bed/1 Bath units) - 519 E Monroe - 2 units (2 Bed/1 Bath, 1 Bed/1 Bath) Parcel two features a pay-to-park lot with 49 income-producing parking spaces - a rare, stable revenue component. The apartment portfolio is nearly fully occupied, with one current vacancy already vetted with a qualified new tenant.

Most units have been updated, allowing for strong in-place rents. Additional upside comes from value-add potential through an additional unit that can be finished out in one of the apartments. Also, outdoor storage units have an opportunity to further increase NOI. This is a diversified asset combining residential income with parking revenue - ideal for investors seeking both cash flow and growth potential. Seller is only selling this amazing opportunity as a package deal.

Key Features

  • Built in 1967
  • 0.53 acre lot
  • 2 stories

Property Details

2 stories
#519
1967

Amenities

A/C

Monthly Cost Estimate

$3,744/mo

20% down · 6.5% · 30 years

Principal$506
Interest$3,033
Insurance$204

Estimates only. Actual payments may vary.

Location

517 E MONROE Street

Metamora, IL 61548

Property Details

Flooring

CarpetTile

Construction

Brick Aluminum Siding Vinyl Siding Frame

Heating

Forced AirNatural Gas

Cooling

Central Air

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 517 E MONROE Street is listed at $700,000. The estimated monthly payment is $3,033 based on 20% down at 6.5% interest.

Key features include: Built in 1967, 0.53 acre lot, 2 stories.

This property is listed by Chris Rothan and can be reached at 3098682841 or chris@therothangroup.com.

CR

Chris Rothan

Agent at eXp Realty

(309) 868-2841

Listed by eXp Realty

MLS# PA1265242· Source: listhub· Updated 62 days ago

Copyright © 2026 RMLS Alliance. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

517 E MONROE Street, Metamora, IL 61548

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