305 Monroe Ave

Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Looking to grow your investment portfolio? This fully occupied four-plex building delivers immediate rental income and long term potential. Featuring spacious apartments and a tenant paid utilities, this four-plex offers a combination of occupancy, cash flow, and efficiency for investors.Looking to grow your investment portfolio? This fully occupied four-plex building delivers immediate rental income and long term potential. Featuring spacious apartments and a tenant paid utilities, this four-plex offers a combination of occupancy, cash flow, and efficiency for investors.
  1. Listed by Opal Sundrani • Xtreme Realty
    P: (773)-344-4750 C: (773)-344-4750 opalsundranirealtor@gmail.com

Property Details for 305 Monroe Avenue

Area
Dixon / Nelson
Township
Dixon
Ownership
Fee Simple
Num Of Garage Spaces
2.0
Num Of Parking Spaces
8.0
Heat/Fuel
Natural Gas
LISTING UPDATED: 06/05/2026 12:06 AM

Property Details for 305 Monroe Avenue

StatusActive
MLS #12661933
Days on Market68
Taxes$4,227 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeTwo to Four Units / 2 Flat
Year Built1900
Lot Size0.13 AC / 5,662 SF
CountyLee County

Location

Listing Courtesy of Xtreme Realty
Add your commute

Building Information for 305 Monroe Avenue

Stories-Residences4Year Built1900Building Size-Lot Size0.13 AC / 5,662 SF

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OriginPoint Mortgage or Rocket Mortgage1

$1,842 per month

30 year fixed, 6.36% Interest

Principal and Interest

$1,490

Property Taxes

$352

HOA Dues

$0

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Property Information for 305 Monroe Avenue

General Information
School Information
  • Elementary School District: 170
  • High School District: 170
  • Middle Or Junior School District: 170
Addtl Parking Information
  • Parking Details: Yes, Garage Owned, Detached, Unassigned, Off Street, Owned, Garage
Property Information
Interior Features
  • Num Of Rooms: 20
  • Bedrooms Total: 8
  • Bedrooms (Below Grade): 0
  • Basement Type: Unfinished, Full
  • Bedrooms Possible: 8
  • # Full Baths in Building: 4
  • # Half Baths in Building: 0
  • Num of Baths: 4.0
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Public
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: No
  • Built Before 1978: Yes
  • Age: 100+ Years
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 50X110
  • Total # Units in Building: 4.0
  • Waterfront: No
  • Exterior Building Type: Other
  • Construction: Other
  • General Information: School Bus Service
  • 3 Br Un In Bldg: No
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 36
  • OpenHouse Count: 0
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Income & Expenses
  • Gross Income: $42,300.00
  • Insurance Expense: $3,600.00
  • Insurance Expense Source: Actual
  • Trash Expense Year: 1200
Unit 1
  • Unit Type Actual Rent: $1,050.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Lease Expiration Date: 09/26
Unit 2
  • Unit Type Actual Rent: $900.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Lease Expiration Date: 00/00
Unit 3
  • Unit Type Actual Rent: $825.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 3
  • Lease Expiration Date: 00/00
Unit 4
  • Unit Type Actual Rent: $750.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 4
  • Lease Expiration Date: 00/00

Property History for 305 Monroe Avenue

DateEvent & SourcePriceAppreciation
May 30, 2026

Listed (Active)

MRED #12661933

$299,000
Jul 15, 2021

Sold

MRED #11071394

$116,000
Jul 12, 2021

Sold (Public Record)

Public Record #1467071961

$116,000

+0.9% / yr

DateEvent & SourcePrice
05/30/2026

Listed (Active)

MRED #12661933

$299,000
07/15/2021

Sold

MRED #11071394

$116,000
07/12/2021

Sold (Public Record)

Public Record #1467071961

$116,000

+0.9% / yr

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

Public Records for 305 Monroe Avenue

Taxable ValueLand$5,246Additions$39,726Total$44,972
Tax Record2024$4,120 ($343 / month)
Home Facts
Beds0Total Finished SqFt3,840 SqFtAbove Grade Finished SqFt3,840 SqFtStories2Lot Size5,500 SqFtStyleSingle Family ResidenceYear Built1900CountyLEEAPN07-08-05-185-003

Schools near 305 Monroe Avenue

This home is within Dixon Community Unit School District 170.
Rating
School
Type
Grades
Distance
Public - PK to 1
Public - 2 to 3
Public - 4 to 5
Public - 6 to 8
Rating
School
Distance
Washington Elementary School
PublicPK to 1

Lincoln Elementary School
Public2 to 3

Madison School
Public4 to 5

Reagan Middle 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.

Similar Homes

305 Monroe Avenue is a multi-family home for sale in Dixon, IL 61021. This property was listed for sale on May 30, 2026 by Xtreme Realty, it's currently listed at $299,000. It has been on the market for a total of 68 days and was last sold on July 15, 2021. This listing's school district is Dixon Community Unit School District 170. Nearby schools include Washington Elementary School, Lincoln Elementary School and Madison School. 305 Monroe Avenue is a 8-bed, 4-bath, multi-family home built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Xtreme Realty

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 06/05/2026 12:06 AM. 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.