311 Main St

—
Baths
3,100 Sq. Ft.
$21 / Sq. Ft.
3,100
Sq. Ft.
$21
per Sq. Ft.

Description

Unique investment opportunity. 2 buildings. 311 is currently vacant but could be finished for a 4th rental unit. 311 1/2 is a 2BR/1BA apartment rented at $440/month. 313 is currently rented and operating as a hair salon at $350/month. 313 1/2 is a second 2BR, 1BA apartment rented at $550/month. This unit has had several nice recent upgrades. All electric. Landlord pays water/sewer. This is a great opportunity to start your investment journey or for the current investors, here's a money maker to add...Unique investment opportunity. 2 buildings. 311 is currently vacant but could be finished for a 4th rental unit. 311 1/2 is a 2BR/1BA apartment rented at $440/month. 313 is currently rented and operating as a hair salon at $350/month. 313 1/2 is a second 2BR, 1BA apartment rented at $550/month. This unit has had several nice recent upgrades. All electric. Landlord pays water/sewer. This is a great opportunity to start your investment journey or for the current investors, here's a money maker to add to your existing portfolio.
  1. Listed by Amy Hageman • The Real Estate Group, Inc.

Property Details for 311 Main Street

Parking Total
8.0
Subdivision Name
None
LISTING UPDATED: 12/04/2025 02:01 PM

Property Details for 311 Main Street

StatusSold
MLS #CA1037653
Days on Market126
Taxes$1,412 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Residential Income
Year Built1962
Lot Size0.11 AC / 4,800 SF
CountyMorgan County

Location

Listing Courtesy of The Real Estate Group, Inc.

Sold By The Real Estate Group, Inc.

Add your commute

Building Information for 311 Main Street

Stories-Residences4Year Built1962Building Size-Lot Size0.11 AC / 4,800 SF

Payment Calculator

$434 per month

30 year fixed, 6.15% Interest

Principal and Interest

$316

Property Taxes

$118

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 311 Main Street

Summary
Location and General Information
  • City: Meredosia
  • County Or Parish: Morgan
  • Directions: Google maps
  • Latitude: 39.830475
  • Longitude: -90.560592
  • MLSArea Minor: Remainder Morgan Co
  • Postal Code: 62665
  • State Or Province: IL
Taxes and HOA Information
  • Additional Parcels Description: 0122113017
  • Parcel Number: 0122113016
  • Tax Annual Amount: $1,412
  • Tax Legal Description: Village of Meredosia Aylesworth and Cobbs Addn W 20FT 2IN BLK 12 & Mid 20FT LT 2 BLK 12
  • Tax Year: 2024
School Information
  • Elementary School: Meredosia/Chambersburg
  • High School: Meredosia - Chambersburg
Parking
  • Parking Features: Detached, On Street
Property
Lot Information
  • Structure Type: One Story
  • Building Area Total: 3100.0
  • Lot Features: Level
  • Lot Size Dimensions: 40 x 120
  • Number Of Units Total: 4
  • 100 Year Plain: Yes
  • Road Surface Type: Paved
Property and Assessments
  • Documents Available: None Available
  • New Construction: No
  • Year Built: 1962
  • Year Built Source: Public Records
Utilities
  • Number Of Electric Meters: 4
  • Number Of Gas Meters: 0
  • Numberof Water Meters: 2
  • Water Sewer Expense: $900
  • Water Source: Public Sewer, Public
Interior and Exterior Features
Exterior Features
  • Roof: Composition
  • Construction Materials: Brick
Interior Features
  • Basement: Cellar, Crawl Space
  • Heating: Baseboard, Electric, Electric Water Heater, Window Unit(s)
  • Laundry Features: Units Hook-Ups
  • Number Of Central Air Units: 0
  • Number Of Dryers: 1
  • Number Of Heating Units: 4
  • Number Of Ranges: 2
  • Numberof Refrigerators: 2
  • Number Of Washers: 1
  • Number Of Water Heaters: 4
  • Number Of Window Units: 3
  • Operating Recording Device: Audio & Video
Multi Family
Income & Expenses
  • Electric Expense: $0
  • Gross Income: $16,080
  • Gross Scheduled Income: $16,080
  • Insurance Expense: $500
  • Maintenance Expense: $0
  • Manager Expense: $0
  • Net Operating Income: $13,268
  • Operating Expense: $1,400
  • Advertising Expense: 0
  • Gas Expense: 0
  • Misc Annual Income: 0
  • Trash Expense: $0
Unit 1
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 2
  • Number Uncovered: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
Unit 2
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 2
  • Number Uncovered: 2
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
Rental
Rent Information
  • Tenant Pays: Electricity, Trash Collection

Property History for 311 Main Street

DateEvent & SourcePriceAppreciation
Dec 1, 2025

Sold

RMLS ALLIANCE #CA1037653

$64,900—
Dec 1, 2025

Sold

MRED #1037653

$64,900—
Nov 10, 2025

Pending

RMLS ALLIANCE #CA1037653

—
Nov 10, 2025

Pending

MRED #1037653

—
Nov 9, 2025

Price Change

RMLS ALLIANCE #CA1037653

$69,900—
Jul 7, 2025

Listed (Active)

RMLS ALLIANCE #CA1037653

$79,900—
Jul 7, 2025

Listed (Active)

MRED #1037653

$79,900—
Jun 11, 2008

Sold (Public Record)

Public Record #1090330961

$25,500—
DateEvent & SourcePrice
12/01/2025

Sold

RMLS ALLIANCE #CA1037653

$64,900
12/01/2025

Sold

MRED #1037653

$64,900
11/10/2025

Pending

RMLS ALLIANCE #CA1037653

—
11/10/2025

Pending

MRED #1037653

—
11/09/2025

Price Change

RMLS ALLIANCE #CA1037653

$69,900
07/07/2025

Listed (Active)

RMLS ALLIANCE #CA1037653

$79,900
07/07/2025

Listed (Active)

MRED #1037653

$79,900
06/11/2008

Sold (Public Record)

Public Record #1090330961

$25,500

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

Public Records for 311 Main Street

Taxable ValueLand$670Additions$7,320Total$7,990
Tax Record2024$796 ($66 / month)
Home Facts
Lot Size2,614 SqFtStyleMiscellaneous CommercialCountyMORGANAPN01-22-113-016

Schools near 311 Main Street

This home is within Meredosia-Chambersburg Community Unit School District 11.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Meredosia-Chambersburg Elementary School
PublicPK to 5

Meredosia-Chambersburg Jr High School
Public6 to 8

Meredosia-Chambersburg High School
Public9 to 12

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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Listing Courtesy of The Real Estate Group, Inc.

Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 01/23/2026 02:03 PM. All data is obtained from various sources and may not have been verified by broker orMLS GRID. Supplied Open House Information is subject to change without notice. All informationshould be independently reviewed and verified for accuracy. Properties may or may not be listed bythe office/agent presenting the information.