About This Home

This 6-bedroom, 4-bathroom residential multi family at 101 W Market Street in Mount Carroll, IL is listed for $192,000 ($25 per sqft). Built in 1899, the home offers 7,768 sqft of living space on a N/A lot.

Key Features

  • Built in 1899
  • 2 stories

Property Details

2 stories
4 full
1899

Amenities

A/C
Listing Description

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!

Monthly Cost Estimate

$1,027/mo

20% down · 6.5% · 30 years

Principal$139
Interest$832
Insurance$56

Estimates only. Actual payments may vary.

Location

101 W Market Street

Mount Carroll, IL 61053

Property Details

Heating

Forced AirElectric (Heating)Natural GasBaseboard

Cooling

Window Unit(s)Central Air

Appliances

DryerRefrigeratorStove/CooktopOvenWasher

Questions & Answers

This 6-bedroom, 4-bathroom residential multi family at 101 W Market Street is listed at $192,000 ($25/sqft). The estimated monthly payment is $1,027 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1899, 2 stories.

This property is listed by Brandon Beyer.

BB

Brandon Beyer

Agent at Jim Sullivan Realty

Listed by Jim Sullivan Realty · Broker phone: (815) 947-9040 · View on Broker Site · Broker website

MLS# 202505347· Source: NorthWest Illinois Alliance of REALTORS· 422 days on PropertySimple

Copyright © 2026 NorthWest Illinois Alliance of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

101 W Market Street, Mount Carroll, IL 61053

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