320 E Main St

Colfax, IL 61728

$300,000
Price
10
Beds
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
Contingent
Contingent

Description

COLFAX - FOR SALE - 10 UNITS - The property is part of the Section 515 program through the U. S. Dept. of Agriculture. The rents are subsidized through this program. All buyers should be knowledgeable and qualified to purchase. Qualified buyers should have working knowledge of these types of government subsidized programs and qualified with the USDA to purchase. Financials available for qualified buyers. This property is being sold as a package with 34 additional units in Gibson City, Illinois. The...COLFAX - FOR SALE - 10 UNITS - The property is part of the Section 515 program through the U. S. Dept. of Agriculture. The rents are subsidized through this program. All buyers should be knowledgeable and qualified to purchase. Qualified buyers should have working knowledge of these types of government subsidized programs and qualified with the USDA to purchase. Financials available for qualified buyers. This property is being sold as a package with 34 additional units in Gibson City, Illinois. The MLS# for that property is MLS#11617011.
  1. Listed by Jay Tamblyn • McColly Bennett Real Estate
    P: (815)-549-4301 bucktamblyn@mccolly.com

Property Details for 320 East Main Street

Area
Colfax
Township
Martin
Air Conditioning Type
Wall Sleeve
Zoning
MULTI
LISTING UPDATED: 12/30/2025 02:00 AM

Property Details for 320 East Main Street

StatusContingent
MLS #11617016
Days on Market1219
Taxes$6,358 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Corridor-Exterior Entrance
Year Built1984
Lot Size0.79 AC / 34,500 SF
CountyMcLean County

Location

Listing Courtesy of McColly Bennett Real Estate
Add your commute

Building Information for 320 East Main Street

Stories1Residences10Year Built1984Building Size-Lot Size0.79 AC / 34,500 SF

Payment Calculator

$1,992 per month

30 year fixed, 6.15% Interest

Principal and Interest

$1,462

Property Taxes

$530

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 320 East Main Street

General Information
Addtl Parking Information
  • Outdoor Parking: 6-12 Spaces
Location and General Information
  • Frontage Type: City Street
  • Information: 24-Hr Notice Required,No Sign on Property
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Wall Sleeve
  • Electric: Separate Meters
  • Heat/Ventilation: Electric
  • Num of Baths: 10.0
Exterior Features
  • Building Unit Info: Accessible,Restriction-Occupancy
  • Misc Outside: Accessible Entrance,Security Lighting
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Air Conditioning, Electricity, Heat
  • Built Before 1978: No
  • Approximate Age: 36-50 Years
  • Multi-Family Type: Corridor-Exterior Entrance
  • Lot Size Source: Appraiser
  • Lot Dimensions: 150 X 230
  • Lot Size Square Feet: 34500.0
  • Stories: 1
  • Construction: Wood, Vinyl Siding
  • Roof Type: Fiberglass
  • Roof Structure: Gable
  • Foundation Details: Concrete Perimeter
  • Building Area Total: 5487
  • MRD_UNC: No
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 7
Miscellaneous
  • Current Use: Multi-Family
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 10
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $.00
  • Gross Income: $.00
  • Gross Scheduled Income: $.00
  • Insurance Expense: $.00
  • Maintenance Expense: $.00
  • Known Encumbrances: Other
  • Janitor Expense: 0
  • Total Monthly Income: 0
  • Net Operating Income: $.00
  • Operating Expense: $.00
  • Other Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 10
Unit 2
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 0
Unit 3
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 0
Unit 4
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 320 East Main Street

DateEvent & SourcePriceAppreciation
Oct 2, 2023

Contingent

MRED #11617016

—
Aug 30, 2022

Listed (Active)

MRED #11617016

$300,000—
DateEvent & SourcePrice
10/02/2023

Contingent

MRED #11617016

—
08/30/2022

Listed (Active)

MRED #11617016

$300,000

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

Public Records for 320 East Main Street

Taxable ValueLand$5,891Additions$62,887Total$68,778
Tax Record2024$5,616 ($468 / month)
Home Facts
Stories2StyleMiscellaneous CommercialCountyMCLEANAPN17-02-155-012

Schools near 320 East Main Street

This home is within Ridgeview Community Unit School District 19.
Rating
School
Type
Grades
Distance
Ridgeview Elementary School
Public - PK to 5
Ridgeview Jr High School
Public - 6 to 8
Ridgeview High School
Public - 9 to 12
Rating
School
Distance
Ridgeview Elementary School
PublicPK to 5

Ridgeview Jr High School
Public6 to 8

Ridgeview 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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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 McColly Bennett Real Estate

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 12/30/2025 02:00 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.