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Outstanding value-add opportunity with tremendous upside potential! This 3 story, 6 unit apartment building with a full basement is primed for completion and offers flexibility to finish as six individual units or redesign into larger apartment layouts to maximize rental potential and returns. A portion of the work has already been completed, helping accelerate the renovation timeline and reducing upfront effort for the next owner. The main-level units each feature a stove/oven, refrigerator, and wood-burning fireplace. Five of the six units are equipped with individual forced-air heat and central air, while each unit also features its own 100-amp circuit breaker box. Outside, the property sits on a desirable corner lot and offers a large covered wraparound porch and a detached 1.5 car garage. An excellent opportunity for investors, rehabbers, or developers looking to add value and unlock strong income potential to their portfolio.

Property Details of 319 South Monroe Street

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Listed by Patrick Chismarick of Chismarick Realty,LLC ((815) 673-5099)

Based on information submitted to MRED  as of June 29, 2026 . All data is obtained from various sources and has not been, and will not be, verified by broker or MRED.   All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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