Listing provided courtesy of JIM SULLIVAN REALTYNorthWest Illinois Alliance MLS- MLS# 202505347MLS Provider

101 W Market StreetMOUNT CARROLL, IL 61053

Multi-Family · 7,768 Sq. ft.
$214,000 ACTIVE and AVAILABLE

101 W Market Street Overview

Time on Site:
300 days
Visits:
24

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!

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101 W Market Street Facts & Features

  • Type Multi-Family
  • Sq. ft. 7,768
  • Price/Sq.ft. $28

Details

General

School Information

  • Elementary School: West Carroll
  • Middle Or Junior School: West Carroll
  • High School: West Carroll

Building Information

  • Year Built: 1899

Location/Region

  • County Or Parish: Carroll County

Tax Information

  • Tax Annual Amount: 6035
  • Tax Year: 2024

General Information

  • Parcel Number: 050801401012
  • Property Sub Type: 3 - 4 Units
  • Property Type: MULTIFAMILY

Interior

Building Interior

  • Above Grade Finished Area: 7768
  • Below Grade Finished Area: 0

General Information

  • Appliances: Dryer,Refrigerator,Stove/Cooktop,Oven,Washer
  • Basement: Yes
  • Cooling: Central Air,Window Unit
  • Electric: Circuit Breaker
  • Heating: Baseboard,Electric,Forced Air,Natural Gas
  • Living Area: 7768
  • Stories Total: 3

Exterior

Parking Information

  • Parking Total: 0

Lot Information

  • Water Source: City

Building Exterior/Construction

  • Architectural Style: 2 Story
  • Construction Materials: Brick/Stone,Concrete Block
  • Roof: Rubber

General Information

  • Exterior Features: County Taxes
  • Number Of Units Total: 4
  • Sewer: City

101 W Market Street Neighborhood

Community

61053 (Mt. Carroll) Demographics

51
Median Age
23
Population Density (per sq. mile)
38%
College Educated
$55,265
Estimated Median Income
900
Estimated Total Home Owners
257
Estimated Total Renters
78% / 22%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

101 W Market Street Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

101 W Market Street Market Data

Based on the last 30 days in this zip code

$296,240
Average List Price
$119
Average Price per Square Foot
3
Properties Sold
52
Average Days on Market
15
Properties for Sale
Calculations provided by Reliance Network

101 W Market Street History

Date Event Value Agent
6/11/2026Source: NorthWest Illinois Alliance MLS Price Reduction
$214,000 -10.4%
4/9/2026Source: NorthWest Illinois Alliance MLS Price Reduction
$238,950 -10.0%
1/6/2026Source: NorthWest Illinois Alliance MLS Price Reduction
$265,500 -10.0%
9/3/2025Source: NorthWest Illinois Alliance MLS Added to Database
September 03, 2025