Marion IL Multi Family for Sale
- Type:
- Cluster
- Sq.Ft.:
- 2,184
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1972
- Baths:
- MLS#:
- EB456195
ADDITIONAL INFORMATION
INVESTOR OPPORTUNITY IN MARION! This solid duplex is an excellent addition to your portfolio, located on a quiet, dead-end side street in a highly sought-after Marion neighborhood. With steady, long-term tenants already in place, this property is primed for reliable, passive income. Collecting a combined $1,100/month in rent, this investment offers immediate returns. The first unit is a charming 1-bedroom apartment, complete with a carport and private driveway for convenience. The second unit features a spacious 3-bedroom layout, offering ample space, plus a 1-car garage and its own private driveway. This property offers plenty of upside potential, including the opportunity to increase rents, and the tenants are happy to stay long-term. Whether you're looking to buy individually or as part of a package of 7 other properties, this is an opportunity you won't want to miss. Located in a peaceful, friendly neighborhood, with a property manager ready to continue managing the property, this duplex is set up for success. Don’t miss out on this great investment in a prime location!
$2,900,000
703 N Market Street Unit 22 Marion, IL 62959
- Type:
- Cluster
- Sq.Ft.:
- 20,950
- Status:
- Active
- Beds:
- n/a
- Year built:
- 2022
- Baths:
- MLS#:
- EB455605
ADDITIONAL INFORMATION
This fantastic investment opportunity features 22 fully occupied units with a low vacancy rate, located just minutes from Downtown Marion. With its prime location and strong rental demand, this property is a must-see for investors. TIF INCLUDED Please allow ample time for viewing, as all units are currently occupied! 6 units 900 sq ft w/ patio Rent for 900.00 each (2 bed 1 bath no garage) 6 units 1050 sq ft w/ patio Rent for 1100.00 each (2 bed 2 bath w/ 1 car garage) 5 units 950 sq ft w/ patio Rent for 1000.00 each (2 bed 1 bath w/ 1 car garage) 5 units 900 sq ft w/ patio Rent for 900.00 each (2 bed 1 bath no garage)
- Type:
- Cluster
- Sq.Ft.:
- 2,560
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 4 Acres
- Year built:
- 2005
- Baths:
- MLS#:
- EB455204
ADDITIONAL INFORMATION
Check out this investment property located right off Dykersburg Rd with a Marion address. Both units are 3-bedroom, 2-bathroom trailers that have been completely remodeled. Each unit is situated on a different parcel and comes with their own septic systems. Don't miss out on this fantastic opportunity--call today!
$379,900
10685 Jc Lane Marion, IL 62959
- Type:
- Cluster
- Sq.Ft.:
- 4,190
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 4 Acres
- Year built:
- 2011
- Baths:
- MLS#:
- EB455191
ADDITIONAL INFORMATION
Check out this amazing investment opportunity! This gorgeous four-unit property has been fully remodeled and situated right outside of town. Each pair of units share a driveway and septic system, with a total of two septic tanks on the property. There's also a beautiful pond and room to add a 5th trailer to the right of it. The 4th unit is currently occupied by a family member and brings in $300/month, but there's potential for higher rent upon accepted offer. Call me to discuss that situation further. Don't miss out on this opportunity! The location is showing up incorrect on Zillow, Realtor.com, and other websites. This property is located right off of Bethleham Lane in Marion, IL.
- Type:
- Cluster
- Sq.Ft.:
- 2,297
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1930
- Baths:
- MLS#:
- EB454230
ADDITIONAL INFORMATION
Investors, this is a duplex that used to be a 4plex, I've made a whole first floor apt and a whole 2nd floor apt. 3 bedrooms, 2 full bathrooms, living room, dining room, laundry closet, kitchen on each floor, 1st floor even has an extra den/sunroom off the master bedroom. 2,297 sq ft total. 4 car carport. Architectural layout in photos. It has new roof, rebuilt whole roof on front porch, new windows, new siding, 80% PEX plumbing complete, 100% new electrical throughout and from street currently working and still being completed, and much more noted in the documents section! At the asking price plus estimated $35,000 to complete it you would have $150,000 in it. Rented it should bring over $26,000 per year. Based on the cap rate and the past 2 years of multi-family sold comps, it should have a resale value when rented at $180,000 - $200,000. If that isn't enough profit, rent it out for 6 years then sell it for that price and you'll make over $150,000 profit. Additionally, the carport could be relocated on south to make room for building two additional townhomes on the back of the property. This could really be an income producer!
Andrea D. Conner, License 471020674, Xome Inc., License 478026347, [email protected], 844-400-XOME (9663), 750 Highway 121 Bypass, Ste 100, Lewisville, TX 75067
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Marion Real Estate
The median home value in Marion, IL is $196,000. This is higher than the county median home value of $124,100. The national median home value is $338,100. The average price of homes sold in Marion, IL is $196,000. Approximately 55.2% of Marion homes are owned, compared to 34.45% rented, while 10.35% are vacant. Marion real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Marion real estate agent to arrange a tour today!
Marion, Illinois has a population of 16,960. Marion is less family-centric than the surrounding county with 21.72% of the households containing married families with children. The county average for households married with children is 26.32%.
The median household income in Marion, Illinois is $46,515. The median household income for the surrounding county is $54,682 compared to the national median of $69,021. The median age of people living in Marion is 40.5 years.
Marion Weather
The average high temperature in July is 87.6 degrees, with an average low temperature in January of 22.8 degrees. The average rainfall is approximately 46.5 inches per year, with 12 inches of snow per year.