208 N Library St

Waterloo, IL 62298

$499,900
Price
8
Beds
5
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
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Description

Unique properties like this rarely come available in Waterloo! This incredible opportunity offers flexibility for an owner-occupant, multi-generational setup, or investor seeking strong income potential. The property features four total living spaces consisting of an impeccably maintained main residence, an attached lower-level in-law/basement apartment , and a beautifully updated duplex fronting Magnolia Street. The main home has been exceptionally cared for with numerous updates including freshly...Unique properties like this rarely come available in Waterloo! This incredible opportunity offers flexibility for an owner-occupant, multi-generational setup, or investor seeking strong income potential. The property features four total living spaces consisting of an impeccably maintained main residence, an attached lower-level in-law/basement apartment , and a beautifully updated duplex fronting Magnolia Street. The main home has been exceptionally cared for with numerous updates including freshly painted rooms, newer roof, beautiful finishes, and excellent curb appeal. The main level is an open floor plan concept along with 2 bedrooms (including the primary suite w/ private bathroom & walk-in closet) and a huge screened-in porch overlooking the spacious side yard. The walkout lower level offers two additional bedrooms, full bath, office/laundry area, & ample storage. Currently configured as a 4 bedroom, 3 bath residence, the main home also includes an attached 1-car garage plus a detached 1-car garage. The attached garage area is already plumbed for a kitchen setup and, subject to buyer verification, may provide future flexibility for additional living configuration options (dividing the main home into an upper & lower level unit with conversion of the attached garage). The main home has always been owner-occupied so no rental history is available. Connecting the main home and Magnolia duplex is a lower-level in-law/basement studio suite offering additional flexibility for extended family, guest use, or potential income opportunities. This unit features 1 bathroom, kitchen/living space, & sleeping area/bonus room. Please verify with your Buyer's Agent details regarding this unit. The Magnolia duplex is an older building connected to the main home through studio suite and has been extensively remodeled over the years while maintaining its original exterior character. Each unit offers a main-level bedroom, full bath, kitchen, living room, main-floor laundry, plus a loft area with an additional bedroom — creating 2 bedroom, 1 bath layouts on each side. When you walk in the front doors, you will be wowed by the soaring ceilings as you look up to the loft! Tenants love the covered front porches & fenced, private rear courtyards for ultimate outdoor privacy, entertainment, & relaxation. Current rent amounts are believed to be well below prevailing market rates for Waterloo, creating additional upside potential. Whether you are looking to live in the primary home while collecting rental income, create a multi-generational property, or maximize future investment potential, this property offers possibilities rarely found in today’s market. Modern updates, income potential, flexibility, and truly one of a kind — this is a property you MUST need to see in person to fully appreciate. Agent Related
  1. Listed by Sam Row • Keller Williams Pinnacle
    P: (618)-972-6030 C: (314)-325-6030 samrowrealtor@gmail.com

Property Details for 208 North Library Street

Architectural Style
Other
Waterfront
No
Cross Street
Magnolia
LISTING UPDATED: 06/02/2026 12:53 PM

Property Details for 208 North Library Street

StatusActive
MLS #26029879
Days on Market4
Taxes$7,709 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / 2-4 Units
Year Built1986
Lot Size0.25 AC / 10,815 SF
CountyMonroe County
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Location

Listing Courtesy of Keller Williams Pinnacle
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Building Information for 208 North Library Street

Stories-Residences4Year Built1986Building Size-Lot Size0.25 AC / 10,815 SF

Payment Calculator

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$3,133 per month

30 year fixed, 6.36% Interest

Principal and Interest

$2,491

Property Taxes

$642

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 208 North Library Street

Summary
Location and General Information
  • City: Waterloo
  • County Or Parish: Monroe
  • Directions: GPS friendly
  • Latitude: 38.337046
  • Longitude: -90.153718
  • Postal Code: 62298
  • State Or Province: IL
  • Sub division Name: Martin's Add
Taxes and HOA Information
  • List AOR: Southwestern Illinois Board of REALTORS
  • Parcel Number: 07-25-203-001-000
  • Tax Annual Amount: $7,709.00
  • Tax Year: 2024
  • AssociationYN: No
Owner
  • Township: Waterloo
Parking
  • Attached Garage: Yes
  • Carport: No
  • Garage Spaces: 2.0
  • Garage: Yes
  • Parking Features: Attached, Detached, On Street
School Information
  • Elementary School: WATERLOO DIST 5
  • High School: Waterloo
  • High School District: Waterloo DIST 5
  • Middle Or Junior School: WATERLOO DIST 5
Property
Lot Information
  • Lot Size Acres: 0.2483
  • Lot Size Square Feet: 10815.95
  • Property Sub Type: 2-4 Units
  • Property Type: Residential Income
Property and Assessments
  • Documents Count: 0
  • Photos Count: 63
  • Year Built: 1986
  • Disclosures: Flood Plain No, Other
  • Construction Materials: Vinyl Siding, Wood Siding
  • Ownership Type: Private
  • NewConstructionYN: No
  • LeaseConsideredYN: No
  • SeniorCommunityYN: No
  • NumberOfUnitsLeased: 2
Utilities
  • Electric: Other
  • Utilities: Cable Available, Phone Available, Sewer Connected, Water Connected
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Roof: Architectural Shingle, Metal
  • Pool Private: No
  • ExteriorFeatures: Entry Steps/Stairs, Other, Uncovered Courtyard
  • PatioAndPorchFeatures: Covered, Deck, Patio, Screened, See Remarks
  • MIS_PoolYN: No
  • NumberOfBuildings: 1
Interior Features
  • Basement: 8 ft + Pour, Bathroom, Other, Sleeping Area, Walk-Out Access, Walk-Up Access
  • Basement YN: Yes
  • Levels: Multi/Split
  • Bathrooms Full: 0
  • Bathrooms Half: 0
  • Bedrooms Total: 0
  • Cooling: Varies by Unit
  • Fireplaces Total: 0
  • Fireplace: No
  • Heating: Varies by Unit
  • Interior Features: Ceiling Fan(s), Eat-in Kitchen, Entrance Foyer, In-Law Floorplan, Kitchen/Dining Room Combo, Open Floorplan, Other, See Remarks, Vaulted Ceiling(s), Walk-In Closet(s)
  • Laundry Features: See Remarks
  • LivingAreaSource: Other
  • MIS_MainAndUpperLevelBedrooms: 0
  • MIS_MainAndUpperLevelBathrooms: 0
Multi Family
Multi-Family Information
  • Number Of Units Total: 4
Unit 1
  • UnitType Beds Total: 4.0
Unit 2
  • UnitType Beds Total: 2.0
Unit 3
  • UnitType Beds Total: 2.0

Property History for 208 North Library Street

DateEvent & SourcePriceAppreciation
May 29, 2026

Listed (Active)

MARIS #26029879

$499,900—
Nov 25, 2015

Closed

MARIS #4416435

$200,000—
Nov 25, 2015

Pending

MARIS #4416435

—
DateEvent & SourcePrice
05/29/2026

Listed (Active)

MARIS #26029879

$499,900
11/25/2015

Closed

MARIS #4416435

$200,000
11/25/2015

Pending

MARIS #4416435

—

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 208 North Library Street

Taxable ValueLand$16,243Additions$119,994Total$136,237
Tax Record2024$7,709 ($642 / month)
Home Facts
Beds7Total Finished SqFt3,344 SqFtAbove Grade Finished SqFt3,344 SqFtLot Size10,818 SqFtStyleSingle Family ResidenceYear Built1986ZoningWR3CountyMONROEAPN07-25-203-001-000

Schools near 208 North Library Street

This home is within Waterloo Community Unit School District 5.
Rating
School
Type
Grades
Distance
W J Zahnow Elementary School
Public - PK to 1
Rogers Elementary School
Public - 2 to 3
Gardner Elementary School
Public - 4 to 5
Waterloo Junior High School
Public - 6 to 8
Rating
School
Distance
W J Zahnow Elementary School
PublicPK to 1

Rogers Elementary School
Public2 to 3

Gardner Elementary School
Public4 to 5

Waterloo Junior High School
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 208 North Library Street, Waterloo, IL 62298

208 North Library Street is a multi-family home for sale in Waterloo, IL 62298. This property was listed for sale on May 29, 2026 by Keller Williams Pinnacle, it's currently listed at $499,900. It has been on the market for a total of 4 days and was last sold on November 25, 2015. This listing's school district is Waterloo Community Unit School District 5. Nearby schools include W J Zahnow Elementary School, Rogers Elementary School and Gardner Elementary School. 208 North Library Street is a 8-bed, 5-bath, multi-family home built in 1986.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Pinnacle

Based on information submitted to the MLS GRID as of 06/02/2026 12:53 PM. 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. Properties displayed may be listed or sold by various participants in the MLS. 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. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.