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500 N Main Street

Benton, IL 62812
  • $139,900
  • STATUS: Active
  • ON SITE: 35 Days
  • ID#: PA1265503
UPDATED: 33 min ago
$139,900
  • 0
    BEDS
  • 0.31
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1921
County:
Area:

School Information

Elementary School:
Middle School:

Description

Great opportunity to own a 4-unit income-producing property in the heart of Benton, Illinois. Located at the corner of Main Street and Joplin Street, this property offers strong visibility and convenient access to shopping, dining, and everyday amenities. Each unit features a 1-bedroom, 1-bath layout, ideal for tenants seeking simple, affordable living. Three units are currently rented, providing immediate income, while the fourth unit has been recently remodeled and is ready for a new tenant or potential owner-occupant. A standout feature is the 22 x 40 detached 4-car garage, offering additional income potential. This space could be leased for storage, used for tenant parking at an added fee, or repurposed for other rental uses—creating an opportunity to increase overall cash flow. Located just minutes from Rend Lake, this property benefits from nearby outdoor recreation, including boating, fishing, and seasonal tourism, adding to tenant appeal. Whether you're expanding your portfolio or entering the multi-family market, this property offers steady occupancy, added income potential, and a convenient in-town location. Schedule your showing today and explore the possibilities this Benton investment has to offer.

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© 2026 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 Ashley Coker Team | The Real Estate Group. Data last updated: 2026-05-16T07:44:49.783.
www.ashleycoker.com/homes/175032252
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500 N Main Street Benton, IL 62812

  • Price: $139,900
  • Status: Active
  • On Site: 35 Days
  • Updated: 33 min ago
  • ID#: PA1265503
0
Beds
0
Baths
0
½ Baths
0.31
Acres
1921
Built
Neighborhood:
None
County:
Franklin
Area:
Paar Area
Elementary School:
Benton
Middle School:
Benton
High School:
Benton Consolidated High School
Property Description
Great opportunity to own a 4-unit income-producing property in the heart of Benton, Illinois. Located at the corner of Main Street and Joplin Street, this property offers strong visibility and convenient access to shopping, dining, and everyday amenities. Each unit features a 1-bedroom, 1-bath layout, ideal for tenants seeking simple, affordable living. Three units are currently rented, providing immediate income, while the fourth unit has been recently remodeled and is ready for a new tenant or potential owner-occupant. A standout feature is the 22 x 40 detached 4-car garage, offering additional income potential. This space could be leased for storage, used for tenant parking at an added fee, or repurposed for other rental uses—creating an opportunity to increase overall cash flow. Located just minutes from Rend Lake, this property benefits from nearby outdoor recreation, including boating, fishing, and seasonal tourism, adding to tenant appeal. Whether you're expanding your portfolio or entering the multi-family market, this property offers steady occupancy, added income potential, and a convenient in-town location. Schedule your showing today and explore the possibilities this Benton investment has to offer.
Exterior Features

Construction Materials Masonite Parking Features Other Parking Total 4 Road Surface Type Paved Roof CompositionOther

Interior Features

Basement Unfinished Building Area Total 2100 Heating ElectricGas Water HeaterWall Unit(s)Window Unit(s) Laundry Features None Number Of Central Air Units 0 Number Of Dishwashers 0 Number Of Dryers 0 Number Of Electric Meters 4 Number Of Gas Meters 4 Number Of Heating Units 4 Number Of Ranges 4 Number Of Washers 0 Number Of Water Heaters 4 Numberof Refrigerators 4

Property Features

100 Year Plain No Agent Owned No Disclosed Short Sale N Financing Cash OnlyCommercialConventional Gross Income 22080 Gross Scheduled Income 22080 Insurance Expense 2985 Lot Features Corner Lot Lot Size Dimensions 90 x 150 Manager On Site YN No Net Operating Income 13500 New Construction YN No Number Of Water Meters 4 Number Of Window Units 4 Operating Expense 5589 Repossessed No Structure Type Quadruplex Tax Annual Amount 2991.04 Tax Legal Description SEC 18 TWP 06 RNG 03 SUB DIV PT SE NW LOT A Tax Year 2024 Tenant Pays SewerWater Trash Expense 780 Type Residential Income Water Source Public SewerPublic

Listing provided courtesy of Alysa Bunting of Indigo Realty LLC: .
© 2026 RMLS Alliance, LLC. All Rights Reserved.


© 2026 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 Ashley Coker Team | The Real Estate Group. Data last updated: 2026-05-16T07:44:49.783.
 
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