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503 E College Street, Marion, IL 62959

Marion
Local realty services provided by:CENTURY 21 Broughton Team
503 E College Street,Marion, IL 62959
$160,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: barbara fritts
Office: house 2 home realty carterville
MLS#:QC4249051
Source:IL_CAAR

Price summary

  • Price:$160,000

About this home

ATTENTION INVESTORS! Here’s an unparalleled opportunity to own TWO properties for the price of ONE in a prime location, just a mile apart, close to downtown, shopping centers, and government offices. The first property, 503 E. College St, Marion, features a triplex and a standalone unit. When rented, the units at College Street commanded rents of $450, $510, $550, and $610. The second property, located at 1207 N. Market Street in Marion, includes a duplex with each unit previously rented for $650. All units have been vacant since October 2022 for necessary repairs and upgrades. The current owner has already invested over $30,000 in upgrades, doing most of the heavy lifting for you. With full occupancy, the monthly income from these properties could be $3,420, exceeding the 1% rule of return that most investors seek. This is your chance to step in and continue the improvements, creating positive cash flow. Act fast! The owner might change their mind about selling these lucrative...

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Home facts

  • Year built:1920
  • Listing ID #:QC4249051
  • Added:866 day(s) ago
  • Updated:May 07, 2026 at 02:03 PM

Rooms and interior

  • Basement Description:Crawl Space, Partial, Unfinished

Heating and cooling

  • Heating:Central Air, Cooling Systems - 2+, Electric Water Heater, Forced Air, Heating Systems - 2+

Structure and exterior

  • Roof:Shingle
  • Year built:1920
  • Construction Materials:Aluminum Siding

Schools

  • High school:Marion
  • Middle school:Marion
  • Elementary school:Marion

Utilities

  • Water:Public

Finances and disclosures

  • Price:$160,000

Parking

  • Parking description:Guest Parking

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