For sale
$435,000
Commercial property
5,000 SF building1.22 acres lot
$87/SF (asking price ÷ building area)
- Parking reported
1001 N. G StreetMonmouth, IL 61462
Listing courtesy of Armstrong Real Estate, LLC · MyStateMLS #12003104
For sale
$540,000
0.68 acres
7346 State Rte. 15Saint Libory, IL 62282
Commercial property (from the listing description) · MLS 11868510 · Listed 156 days ago (Jun 1, 2026)
Active: Listed and available according to the MyStateMLS feed.
About this property
Excellent opportunity for a fully occupied + cash flowing asset in St. Liborty, Illinois. Current gross rental income totals approximately $68,700 annually, producing an estimated 8.36% cap rate at the asking price of $540,000. Even more attractive is the property's built-in value-add opportunity. Existing rents remain below market, and projected rental adjustments increase annual gross income to approximately $78,900, resulting in an estimated 10.17% cap rate without requiring additional units or expansion. The property consists of eight apartments featuring a desirable mix of one- and two-bedroom units. Seven of the units offer approximately 800 square feet of living space, while one one-bedroom apartment provides approximately 500 square feet. The building is currently 100% occupied with all tenants on month-to-month leases, providing a new owner with maximum flexibility to implement rental increases or operational improvements over time. The property's expense profile remains manageable, with estimated annual operating expenses of approximately $23,500, including property taxes, insurance, maintenance, owner-paid utilities, trash service, landscaping, and a vacancy reserve. Current net operating income is estimated at over $45,000 annually, with the potential to exceed $54,000 once rents are brought closer to market levels. Investors will also appreciate several recent capital improvements. The building received a new roof in 2024, reducing near-term maintenance concerns and adding confidence for future ownership. Additional building components include established plumbing, electrical systems, and multiple HVAC units serving the apartments. Parking is another strong feature of the property, offering a total of 20 parking spaces, providing ample parking for tenants and guests alike. Whether you're expanding an existing multifamily portfolio or purchasing your first income-producing asset, this property offers an appealing combination of stable occupancy, predictable cash flow, and immediate value-add potential. Few investment opportunities provide this level of existing income while simultaneously allowing investors to increase returns through simple operational management rather than major capital expenditures.
Description provided by the listing brokerage.
Key facts
- Asking price
- $540,000
- Status
- For sale
- Property type
- Commercial (type not stated)From the listing description
- Land area
- 0.68 acresSource field LotSizeAcres
- MLS number
- 11868510
Facts are reported by the listing brokerage. Items not listed were not provided; that does not mean the property lacks them or that they are zero.
Price
- Asking price
- $540,000
Building and site
- County
- St. Clair County
Investment figures reported in the description
- Cap rate
- 8.36% (actual or pro forma not stated)"…ually, producing an estimated 8.36% cap rate at the asking price of $…"
- Net operating income
- $45,000 (described as pro forma or projected)"…nd a vacancy reserve. current net operating income is estimated at over $45,000 annually, with the potential t…"
- Occupancy
- 100% (actual or pro forma not stated)". excellent opportunity for a fully occupied + cash flowing asset in st. l…"
These figures are as written by the listing agent, without a stated period or supporting statements. Commercial Only does not calculate or verify them. Ask for rent rolls, operating statements and leases before relying on any figure.
Reported features
- Parking reported (from the description)“…property, offering a total of 20 parking spaces, providing ample parking for…”
A mention is not a specification. Confirm power, clear height, doors, parking and code compliance for your use with the listing representative and your own advisers.
Location
The pin is the listing's reported coordinates and may be approximate. It is not a parcel boundary or survey and says nothing about access rights, easements or flood zones. See more listings in Saint Libory.
Why this listing is on Commercial Only
- MLS property class detail. (PropertyTypeDetail: commercial)
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Price and status history
Changes observed by Commercial Only in MyStateMLS data since Nov 3, 2026. This is not a public-record sales or lease history.
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Guides
Listing courtesy of National Land Realty, Illinois. Listing agent: Colin Roessler. Co-listing agent: Alec Wardenburg. Listings provided by MyStateMLS.
Listing last modified at the source Nov 3, 2026, 12:03 PM UTC. Commercial Only last confirmed MyStateMLS data Nov 4, 2026, 1:00 AM UTC. Information is deemed reliable but not guaranteed; verify all details with the listing representative.