# 517 E MONROE Street, Metamora, IL 61548

> **TL;DR:** commercial, $700,000, built 1967.
> A/C. Est. $3,033/mo. Listed 62 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $700,000 |
| Year Built | 1967 |
| Lot Size | 23,087 sqft (0.53 acres) |
| Stories | 2 |
| Property Type | Commercial (Other) |
| Status | For Sale |
| Days on Market | 62 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $3,033 |
| **Total** | **$3,033** |

## Key Amenities

- A/C

## Property Highlights

- Built in 1967
- 0.53 acre lot
- 2 stories

## Description

### 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.

## Location

- **Address:** 517 E MONROE Street, Metamora, IL 61548
- **County:** Woodford
- **Coordinates:** 40.79374, -89.357269
- **Google Maps:** https://www.google.com/maps?q=40.79374,-89.357269

## Listing Agent

- **Name:** Chris Rothan
- **Brokerage:** eXp Realty
- **Phone:** 3098682841
- **Email:** chris@therothangroup.com

## Primary Photo

![517 E MONROE Street - Primary Photo](http://lh.rdcpix.com/d49d01759c3ffda97de5aea3425920b9l-f2839820626r.jpg)

*55 total photos available on [listing page](https://www.propertysimple.com/listing/517-e-monroe-street-metamora-il-61548-a1265242)*

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**MLS#:** PA1265242 | **Updated:** 2026-06-17
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.com/listing/517-e-monroe-street-metamora-il-61548-a1265242)

---

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  "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-produci",
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