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703 N Market Street , #22

Marion, IL 62959
  • $2,550,000
  • STATUS: Closed
  • ON SITE: 242 Days
  • ID#: EB455605
Sold - 02/07/2025
$2,550,000
SOLD - 02/07/2025
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
2022
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

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)

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© 2025 RMLS Alliance, LLC. All rights reserved. IDX information is provided exclusively 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Bryson Smith Team | Keller Williams Premier Realty. Data last updated: 2025-06-23T14:45:26.707.
www.brysonsmithteam.com/homes/157084334
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703 N Market Street , #22 Marion, IL 62959

  • Price: $2,900,000
  • Status: Closed
  • On Site: 242 Days
  • Updated: 60 min ago
  • ID#: EB455605
0
Beds
0
Baths
0
½ Baths
N/A
Acres
2022
Built
Neighborhood:
None
County:
Williamson
Area:
Ebor Area
Elementary School:
Marion
Middle School:
Marion
High School:
Marion
Property Description
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)
Exterior Features

Construction Materials Vinyl Siding Parking Features AttachedDetached Parking Total 44 Road Surface Type Paved Roof Shingle

Interior Features

Basement None Building Area Total 20950 Heating Heat PumpCentral Air Interior Features Cable AvailableHigh Speed Internet Laundry Features PrivateUnits Hook-Ups Number Of Central Air Units 22 Number Of Dishwashers 22 Number Of Dryers 0 Number Of Electric Meters 22 Number Of Gas Meters 0 Number Of Heating Units 22 Number Of Ranges 22 Number Of Washers 0 Number Of Water Heaters 22 Numberof Refrigerators 22

Property Features

100 Year Plain No Additional Parcels Description 07-18-310-01007-18-309-01307-18-310-009 Agent Owned No Disclosed Short Sale N Gross Income 258000 Gross Scheduled Income 258000 Insurance Expense 15840 Lot Features Corner Lot Lot Size Dimensions 200x370x200x370 Manager On Site YN No Net Operating Income 177095 New Construction YN No Number Of Water Meters 22 Number Of Window Units 0 Operating Expense 24800 Repossessed No Structure Type One StoryApartment BuildingOther Tax Annual Amount 56105.26 Tax Legal Description Lot 1 Blk 002 Plt 022 Tax Year 2023 Tenant Pays ElectricityWater Trash Expense 3960 Type Residential Income Water Source Public SewerPublic

Listing provided courtesy of Shelly Cain of COLDWELL BANKER J. DAVID THOMPSON: .
© 2025 RMLS Alliance, LLC. All Rights Reserved.


© 2025 RMLS Alliance, LLC. All rights reserved. IDX information is provided exclusively 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Bryson Smith Team | Keller Williams Premier Realty. Data last updated: 2025-06-23T14:45:26.707.
 
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Bryson Smith Team | Keller Williams Premier Realty
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Peoria IL, 61616