101 W Market Street Mount Carroll, IL $ 265,500
101 W Market Street
$ 265,500
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101 W Market Street

Mount Carroll, IL, 61053
$ 265,500
Baths0.0 Sq 7,768

Monthly Estimate*

$ 1,635

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Studio

Multi-Family Home for sale in Mount Carroll, IL

for $265,500. This home is 7,768 square feet.

Excellent multi-use investment property located right in the heart of downtown Mount Carroll. Sitting on the corner lot of W. Market St and N. Main St and kitty corner from the Carroll County Courthouse, this downtown building is one of the most visible buildings in the downtown area. The main floor features a wide open retail space with rows of shelving remaining in place, men and women's restrooms, as well as back office, storage and break room areas for staff. This space is certainly not limited to retail use, and could possibly be used for office space or your own small business! Upstairs is a total of 4 apartments including (2) 2 bedroom apartments and (2) 1 bedroom apartments. The lower level has a walk out to the rear of the building, a ton of room for storage, and sliding doors to a lower level garage with alley access. The building is currently vacant of all tenants so the new owner receives full possession as of closing and has the ability to fill units on their own! This property is an excellent real estate investment with a potential of 5 income sources under one roof in a great location within the bustling downtown area of Mount Carroll!

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Multi-Family Active

Price

$ 265,500

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 6,035

Style

2 Story

Town/City

Mount Carroll

County/Region

Carroll

MLS | Web ID

202505347

Features
General
Sewer City
Heating Baseboard Electric Forced Air Natural Gas
Cooling Central Air Window Unit
Utilities 1000
Possession Closing
Roof Rubber
Water City
Water Heater Electric
Electric Circuit Breaker
Style 2 Story
Class MULTIFAMILY
Type 3 - 4 Units
Parcel Number 050801401012
HUD No
Tax Year 2024
Status ACTIVE and AVAILABLE
Subdivision IL
Sale/Rent For Sale
Status Detail 0
Short Sale No
Primary City Mount Carroll
Year Built 1899
High School West Carroll
City MOUNT CARROLL
Taxes 6035
School District West Carroll
Elementary School West Carroll
Middle School West Carroll
Legal Description Per title.
DOM 134
Postal Code 61053
Price Per Sq Ft Total AG 34.18
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Exterior
Exterior Brick/Stone Concrete Block
Parking Spaces 0
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Interior
# of Units 4
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* Excluded Features
List By
Brandon Beyer

Listing Agent

Jim Sullivan Realty

Broker

brandon@jimsullivan-realty.com

Email

Affordability Calculator

$2,138
Per Month
76%
24%
0%
Monthly Principal & Interest
$1,635
Monthly Property Taxes
$503
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW! What's my home worth?
Nearby
3382897 Elementary School
3382908 Middle School
West Carroll High School High School
Pricing History
DatePricePrice ChangeDescription
1/6/2026$265,500 -10.00% Price Down
9/3/2025$295,000 Listed Price

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101 W Market Street, Mount Carroll, IL, 61053 is a Multi-Family Home for sale at $265,500 with 7,768 sqft. 101 W Market Street is a studio with 0.0 baths. The property's zip code is 61053 which is in Mount Carroll, IL