318 S Illinois Street Monticello, IN ^$ 225,000

318 S Illinois Street

^$ 225,000

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Recently Listed

318 S Illinois Street

Monticello, IN, 47960

^$ 225,000

Bedrooms5 Baths2.1 Sq 2,133

Monthly Estimate*

^$ 1,385

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Multi-Family Home for sale in Monticello, IN

for $225,000 with 5 bedrooms and 2 full baths, 1 half bath. This 2,133 square foot home was built in 1900.

Are you hunting for an investment opportunity? Well look no further!! This well maintained home is divided into 2 units. Front unit is all main level with 3 bedrooms and 1 full bath, while the back unit is a split level 2 bedroom with 1.5 baths.

Multi-Family Active

Price

^$ 225,000

Bedrooms

Full Bath

Half Bath

Property Type

Multi-Family

Taxes

^$ 3,050

Style

Duplex

Year Built

1900

Town/City

Monticello

County/Region

White

MLS | Web ID

202615664

Features

General

Heating Gas Conventional Forced Air

Cooling Window

Water Access Type None

Sewer City

# of Buildings 1

Status Active Active

Full Baths 2

Half Baths 1

Bathrooms 3

Year Built 1900

Parking Gravel Off Street Street

New Construction No

Tenant Pays Cable Cooling Electric Fuel Heating Lawn Maintenance Sewer Snow Removal Trash Collection Water

Subdivision None

Style One and Half Story

Stories Count 1.5

Township Union

Class INVESTMENT

Type Duplex

Age 126

Net Income 13852

Rent Income 19500

Features Ceiling Fan Off Street Parking Cable Ready Countertops-Laminate

REO No

Status Detail 0

Area White County

Location City/Town/Suburb

High School Twin Lakes

City Monticello

School District Twin Lakes School Corp.

Total Sq Ft 2350

Elementary School Meadowlawn

Middle School Roosevelt

Legal Description WJR ADD 73.90' OFF E/E LOT 119

Virtual Tour https://www.propertypanorama.com/instaview/irmls/202615664

Agent First Name Matt

Agent Last Name Zook

DOM 0

Tax Year 2025 Pay 2026

Interior

Basement Crawl Partial Basement

Flooring Carpet Vinyl Tile

Beds 5

Total Number of Units 2

Microwaves 1

Refrigerators 2

Washers 1

Dryer(s) 1

Dishwasher(s) 0

Disposal(s) 0

Above Grade Bedrooms 5

Below Grade Baths 0

Below Grade Bedrooms 0

Total Rooms Below Grade 1

Ranges/Ovens 2

W/D Hookups 1

Basement Material Block

Exterior

Exterior Vinyl

Water Frontage 0

Driveway Gravel

Pool No

Number of Parking Spaces 3

Waterfront None

Lot Size Area 3049

Lot Dimensions 50' x 61'

Lot Description Level

Fence None

Water Meters 2

Electric Meters 2

Outbuilding None

Water Features None

Gas Meters 2

Waterfront Y/N No

* Excluded Features

List By

Matt Zook

Listing Agent

Real Estate Network L.L.C

Broker

matt@homes-by-network.com

Affordability Calculator

$1,640

Per Month

Monthly Principal & Interest: $1,385
Monthly Property Taxes: $254
Monthly Home Insurance: --

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Yearly 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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Nearby

Trends
Schools

Multi-family listings in Monticello, IN

Average List Price ^$0

Percent of Sale Price 100%

About Monticello, IN

5,515 Population

-4% Since 2002

^$40,981 Median Income

40.82 Median Age

24% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

1235872 Elementary School

1235893 Middle School

Twin Lakes High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/30/2026	$225,000		Listed Price

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318 S Illinois Street, Monticello, IN, 47960 is a Multi-Family Home for sale at $225,000 with 2,133 sqft. 318 S Illinois Street has 5 bedrooms, 2.1 baths, and was built in 1900. The property's zip code is 47960 which is in Monticello, IN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

Listing data provided courtesy of the Internet Data Exchange Program of the Multiple Listing Service of the Indiana Regional Multiple Listing Service.

The data relating to real estate for sale on this web site comes in part from the Indiana Regional Multiple Listing Service. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 5/1/2026.

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318 S Illinois Street

Multi-Family Home for sale in Monticello, IN

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