Login

503 E College Street, Marion, IL 62959

Marion
Local realty services provided by:CENTURY 21 Signature Real Estate
503 E College Street,Marion, IL 62959
$160,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: barbara frittsCell: 618-518-7788
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...

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with an independent agent affiliated with the CENTURY 21®  brand to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an independent agent affiliated with the CENTURY 21®  brand is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE® , Coldwell Banker® , Corcoran® , ERA® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1920
  • Listing ID #:QC4249051
  • Added:824 day(s) ago
  • Updated:March 26, 2026 at 07:03 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

New listings near 503 E College Street