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Sold on 03/28/2024

408 Main St, Mount Vernon, IL 62864

$220,000

Last sold 03/28/2024 after 77 Days

  • —

    bed

  • —

    bath

Multi-family not for sale
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About 408 Main St

Property type Multi-family
Neighborhood
Year built 1943
HOA fee $0/month
Rental estimate
Property description
Investment Opportunity!! 8 unit apartment complex on the east side of Mt. Vernon. All units are 1 bed / 1 bath. Tenant pays electric. Owner pays water, sewer and trash. 5 of 8 units are rented. Units #2, 4 and 7 are available for showings at this time. Unit #7 is currently being remodeled. See documents for improvements.
Listed by
Listing Agent Contact: Phone: 618-316-7331
Listing Office - King City Property Brokers, LLC
Source: RMLS Alliance mls logo
MLS#EB451881 • last updated 2 years ago
Movoto checked RMLS Alliance for data 12 minutes ago
Overview
Heating Radiant, Electric Water Heater, Window Unit(s)
Levels/Style Apartment Building
MLS # EB451881
Status Sold
SubType Residential Income
Property Tax 5209
Year Built 1943
Interior
Laundry None
Exterior
Roof Rubber, Shingle
Construction Vinyl Siding
Parking Guest Parking
# of Parking Spaces 14
Lot Features Level
Amenities / Utilities
Water Source Public Sewer, Public
Location
Subdivision None
Elementary School Mt Vernon
Middle School Casey Mt. Vernon
High School Mt Vernon
APN 07-29-405-020
Directions East On Broadway; Left On 4th St; Left On Main; Building Is On The Right
Multifamily Details
Total # of Units 8
Net Operating Income 9755
Expense: Water/Sewer 3010
Expense: Operating 33416
Expense: Manager 8352
Expense: Maintenance 15875
Expense: Trash 2019
Gross Income 48380
Expense: Electricity 1706
Gross Scheduled Income 48380
We are not permitted to show value estimates for this property.
  • Oct 2017
    Public Records
  • Oct 31, 2017 Sold
    $160,000
  • Year Property taxes Tax assessment
  • 2023
    $7,990 +53.4%
    $98,914 +8.32%
  • 2022
    $5,210 +4.5%
    $91,317 +69.54%
  • 2021
    $4,986 -0.3%
    $53,861 +5.0%
  • 2020
    $5,000 +1.4%
    $51,296 +7.0%
  • 2019
    $4,932
    $47,940
  • 408 Main St
    $220K
  • Ebor Area
    —
  • 62864
    $198K +1% y/y
  • Mount Vernon
    $198K 0% y/y
No chart available
Statistics calculated by Movoto

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6/10
DR Nick Osborne Primary Center
public Grades K-3
Mount Vernon School District 80
2/10
Zadok Casey Middle School
public Grades 6-8
Mount Vernon School District 80
4/10
Mount Vernon High School
public Grades 9-12
Mt Vernon Twp Hsd 201 School District
Source: GreatSchools.org © 2026. All rights reserved.

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