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!
For sale
Price cut: $25K (6/11)
$214,000
101 W Market St, Mount Carroll, IL 61053
--beds
--baths
7,768sqft
3 - 4 Units
Built in 1899
-- sqft lot
$-- Zestimate®
$28/sqft
$-- HOA
What's special
Wide open retail spaceCorner lot
- 307 days |
- 204 |
- 9 |
Zillow last checked:
Listing updated:
Listed by:
Brandon Beyer 815-275-3612,
Jim Sullivan Realty
Source: NorthWest Illinois Alliance of REALTORS®,MLS#: 202505347
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Facts & features
Interior
Heating
- Baseboard, Electric, Forced Air, Natural Gas
Cooling
- Central Air, Window Unit(s)
Appliances
- Included: Dryer, Refrigerator, Stove/Cooktop, Oven, Washer, Electric Water Heater
Features
- Has basement: Yes
Interior area
- Total structure area: 7,768
- Total interior livable area: 7,768 sqft
- Finished area above ground: 7,768
- Finished area below ground: 0
Property
Features
- Levels: Two
- Stories: 2
Lot
- Features: County Taxes
Details
- Parcel number: 050801401012
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 3 - 4 Units
Materials
- Brick/Stone, Concrete Block
- Roof: Rubber
Condition
- Year built: 1899
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: City
- Water: City
- Utilities for property: Separate Utilities
Community & HOA
Community
- Subdivision: IL
Location
- Region: Mount Carroll
Financial & listing details
- Price per square foot: $28/sqft
- Tax assessed value: $178,317
- Annual tax amount: $6,035
- Price range: $214K - $214K
- Date on market: 9/3/2025
- Cumulative days on market: 307 days
Estimated market value
Not available
Estimated sales range
Not available
$942/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/11/2026 | Price change | $214,000-10.4%$28/sqft |
Source: | ||
| 4/9/2026 | Price change | $238,950-10%$31/sqft |
Source: | ||
| 1/6/2026 | Price change | $265,500-10%$34/sqft |
Source: | ||
| 9/3/2025 | Listed for sale | $295,000$38/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $6,035 +3.2% | $59,439 +9.5% |
| 2023 | $5,850 -1.8% | $54,282 |
| 2022 | $5,957 +3.7% | $54,282 +6.1% |
| 2021 | $5,745 +0.8% | $51,182 |
| 2020 | $5,702 -1.1% | $51,182 |
| 2019 | $5,763 -0.2% | $51,182 |
| 2018 | $5,775 +34.9% | $51,182 +14.2% |
| 2017 | $4,280 -1.5% | $44,819 |
| 2016 | $4,347 | $44,819 |
| 2015 | $4,347 +1.1% | $44,819 |
| 2014 | $4,299 | $44,819 +12.5% |
| 2013 | $4,299 | $39,853 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 61053
Nearby schools
GreatSchools rating
- 3/10West Carroll Primary SchoolGrades: PK-5Distance: 7.2 mi
- 3/10West Carroll Middle SchoolGrades: 6-8Distance: 0.8 mi
- 2/10West Carroll High SchoolGrades: 9-12Distance: 8 mi
Schools provided by the listing agent
- Elementary: West Carroll
- Middle: West Carroll
- High: West Carroll
- District: West Carroll
Source: NorthWest Illinois Alliance of REALTORS®. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- Illinois
- Carroll County
- Mount Carroll
- 61053
- 101 W Market St



