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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.
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
Amenities
Monthly Cost Estimate
$3,744/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
517 E MONROE Street
Metamora, IL 61548
Property Details
Flooring
Construction
Heating
Cooling
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.


