StatusAccepting Backup Offers (Pending Continue to Show)
About 703 N Market St Unit 22
This fantastic investment opportunity features 22 fully occupied units with a low vacancy rate, located just minutes from Downtown Marion. With its prime location and strong rental demand, this property is a must-see for investors. TIF INCLUDED Please allow ample time for viewing, as all units are currently occupied! 6 units 900 sq ft w/ patio Rent for 900.00 each (2 bed 1 bath no garage) 6 units 1050 sq ft w/ patio Rent for 1100.00 each (2 bed 2 bath w/ 1 car garage) 5 units 950 sq ft w/ patio Rent for 1000.00 each (2 bed 1 bath w/ 1 car garage) 5 units 900 sq ft w/ patio Rent for 900.00 each (2 bed 1 bath no garage)
Property Details
Property Features
Property Information:
Year Built: 2022
Listing Office:
Office Name: COLDWELL BANKER J. DAVID THOMPSON
Office Phone: (618) 997-1868
Listing Agent: Shelly Cain
Interior Features
Interior Information:
Basement: No
Interior: Cable Available, High Speed Internet
Exterior Features
Parking Information:
Attached Garage: Yes
Parking: Attached, Detached
Lot Features
Lot Information:
Lot: Corner Lot
Utilities
Utilities Information:
Heating: Heat Pump, Central
Other
Directions Information:
Directions: From Deyoung turn on N Market. Property is located on the left. 2 6 plex and 2 5 plex 103 Goodall A-F 703 N Market A-E 705 N Market A-F 100-108 Campbell Street
Price Information
Listing Price Info
Price Summary:
List Price: $2,900,000
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Marion, IL.
This property is $2.7M more than the Median Sold Price in Marion, IL.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: RMLSA
MLS Number: #EB455605
Listing Office:
Office Name: COLDWELL BANKER J. DAVID THOMPSON
Office Phone: (618) 997-1868
Listing Agent: Shelly Cain
Listings courtesy of RMLS Alliance as distributed by MLS GRID.
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.
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$14.5K
Per Month
Principal & Interest
$14.4K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$8,761
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
8
/10
Washington Elementary School
420 E Main St
Distance between this listing and this school0.31 miles
Public District Grades KG-5
5
/10
Jefferson Elementary School
700 E Boulevard St
Distance between this listing and this school0.51 miles
Public District Grades PK-5
5
/10
Lincoln Elementary School
400 Morningside Dr
Distance between this listing and this school0.84 miles
Public District Grades KG-5
Nearby Schools
4
/10
Marion Jr High School
1609 W Main St
Distance between this listing and this school0.99 miles
Public District Grades 6-8
3
/10
Washington Middle School
100 E 12th St
Distance between this listing and this school6.07 miles
Public District Grades 5-8
5
/10
Crab Orchard Elementary School
19189 Bailey St
Distance between this listing and this school6.61 miles
Public District Grades PK-8
Nearby Schools
4
/10
Marion High School
1501 S Carbon St
Distance between this listing and this school1.64 miles
Public District Grades 9-12
4
/10
Johnston City High School
1500 Jefferson Ave
Distance between this listing and this school6.31 miles
Public District Grades 9-12
2
/10
Crab Orchard High School
19189 Bailey St
Distance between this listing and this school6.63 miles
The neighbors living near this home have an average income of $28,361. Most Marion, IL residents have annual incomes less than $35k. The majority of families are single, no kids. The majority of residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Interested in 703 N Market St Unit 22? Let's connect.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 703 N Market St Unit 22 in Marion, IL and zip code 62959. This home was built in 2022. It has been listed on Rocket Homes since October 23, 2024 and is currently priced at $2,900,000.
In November 2024, from all listings sold in Marion, IL there were more than 5 sold above asking price, over 22 sold below and more than 3 were sold right at the asked price. The number of homes for sale in Marion, IL increased by 2.4% between October 2024 and November 2024. Listings spent 32 days on the market in November 2024, and had a median list price of $186,000 during the same period.
From Rocket Homes Real Estate and based on county public records data.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.
Extreme Sports
Extreme Sports
Figure Skating
Pro Wrestling
Academy Sports & Outdoors
Kmart
Wal-Mart
Little Caesars
Bob Evans
Sonic
Chevrolet
Buick
Oldsmobile
Country
Oldies