IL
Richland
Olney
62450
331 W Main W Street
331 W Main W Street, Olney, IL 62450
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Listing Type
Commercial/Industrial
Listing Status
Active
59
$389,000

Home Details for 331 W Main W Street

Price
$389,000
Type
Commercial Sale
Bedrooms
0
Bathrooms
Square feet
NaN
Year built
1974
Lot size acres
0.91
County
Richland
Garage
Days on site
1
MLS Listing#
100000329
Property Description

Attention Investors, What An Amazing Opportunity! 13 Units Total. 4 one story Duplex's with 8 units, 2 two story apartments with 2 units each, plus one single family 2 bedroom home. Here is your chance to purchase 13, 2- bedroom units, all with a great rental history for one price. Priced at less than $30k per unit or less than $41 per sq ft. Each unit rents for $600 at this time and the property has 100% occupancy. 331 W. Main is 2 two story buildings each with 2, all electric apartments. Each main level apartment is 858 sq ft with 2 bedrooms with the largest having a walk-in closet, 1 hall bath with a linen closet across the hall. The living and dining area are open and spacious, and the galley kitchens have nice cabinets, and the range and refrigerator are included plus each lower level has a 164 sq ft walk-out patio. Each upper apartment has the same floor plan as the lower but with a 164 sq ft balcony overlooking the yard. Each apartment has electric forced air heat and Central Air. 329 & 403 W. Main each having 2 ground level duplex apartment buildings. Each of the 617 Sq Ft 2 Bedroom apartments has a great layout with plenty of closet space. The nice size eat-in kitchens have lots of cabinets and the electric ranges and refrigerators are included. Each unit has electric baseboard heat and wall air units. Outside each apartment has a front patio and each side door is open to the sidewalk and a grassy yard area. The apartment area has a courtyard, sidewalks, off street parking, & bike rack. To be closer to your unit on street parking is also welcome. The 2- bedroom, 1 bath home on the east side is also included in the sale. The 1182 sq ft home has forced air heat and central air conditioning. The home needs a little TLC but seems to be solid and is rented. The tenant in the home pays their own utilities and each tenant in each all-electric duplex pays for their own electricity. This is an excellent investment opportunity for the landlord wanting to add to their portfolio or the investor just wanting to get started. Having a roof over your head and a place to lay to sleep will always be a necessity. This is your chance to have an investment people will always need. Have questions? Feel free to give us a call today.

Property Features
  • Cooling Information
    • Central Air
    • Electric
    • Wall Unit(s)
Listing Courtesy: WILEY REALTY GROUP - 618-508-4848
Midwest Real Estate Data logo Based on information submitted to the MLS GRID as of 2026-01-07 21:15:59. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last Updated: 2026-01-07 21:15:59
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EXIT REALTY REDEFINED
1275 E. Butterfield Rd Suite 200, Wheaton, IL 60189
Roger Jenisch
License #: 471-013357
Broker of Record
Office
630 480 4555
Agent
773 682 8771
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