331 W Main St

Olney, IL 62450

$425,000
Last Sold Price
—
Beds
—
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
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Closed 2/18/26
Closed 2/18/26
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a front view of a house with a yard
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an empty room with wooden floor and windows
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a bathroom with a sink and a mirror
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unknown
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a living room with furniture a flat screen tv and a window
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a kitchen that has a sink and a stove
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an empty room with windows
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Description

Attention Investors, What An Amazing Opportunity! 13 Units Total. 4 one story Duplex's with 8 units, 2 two story apartments with 2 units each, plus one single family 2 bedroom home. Here is your chance to purchase 13, 2- bedroom units, all with a great rental history for one price. Priced at less than $30k per unit or less than $41 per sq ft. Each unit rents for $600 at this time and the property has 100% occupancy. 331 W. Main is 2 two story buildings each with 2, all electric apartments. each apartment...Attention Investors, What An Amazing Opportunity! 13 Units Total. 4 one story Duplex's with 8 units, 2 two story apartments with 2 units each, plus one single family 2 bedroom home. Here is your chance to purchase 13, 2- bedroom units, all with a great rental history for one price. Priced at less than $30k per unit or less than $41 per sq ft. Each unit rents for $600 at this time and the property has 100% occupancy. 331 W. Main is 2 two story buildings each with 2, all electric apartments. each apartment is 858 sq ft with 2 bedrooms. The living and dining area are open and spacious and have galley kitchens. Each apartment has electric forced air heat and Central Air. 329 & 403 W. Main each having 2 ground level duplex apartment buildings. Each of the 617 Sq Ft 2 Bedroom apartments has a great layout. Each unit has electric baseboard heat and wall air units. The apartment area has a courtyard, sidewalks, off street parking, & bike rack. To be closer to your unit on street parking is also welcome. The 2- bedroom, 1 bath home on the east side is also included in the sale. The 1182 sq ft home has forced air heat and central air conditioning. The home needs a little TLC but seems to be solid and is rented. The tenant in the home pays their own utilities and each tenant in each all-electric duplex pays for their own electricity. This is an excellent investment opportunity for the landlord wanting to add to their portfolio or the investor just wanting to get started.
  1. Listed by Phil Wiley • WILEY REALTY GROUP
    P: (618)-676-7445 C: (618)-676-7445 wileyrealtygroup@outlook.com

Sold By WILEY REALTY GROUP

Property Details for 331 West Main Street

Area
Olney
Air Conditioning Type
Central Air
Num of Interior Fireplaces
0
LISTING UPDATED: 02/18/2026 02:44 PM

Property Details for 331 West Main Street

StatusClosed
MLS #100000329
Days on Market9
Taxes$10,705 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Multi Family 5+-Cluster
Year Built1974
Lot Size0.90 AC / 39,372 SF
CountyRichland County
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Location

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Building Information for 331 West Main Street

Stories2Residences13Year Built1974Building Size-Lot Size0.90 AC / 39,372 SF

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$2,963 per month

30 year fixed, 6.15% Interest

Principal and Interest

$2,071

Property Taxes

$892

HOA Dues

$0

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Property Information for 331 West Main Street

General Information
Location and General Information
  • Geographic Locale: Central Illinois
  • Information: Show-Pets in Home,Show-Special Instructions,48-Hr Notice Required,Other-See Remarks,Othr-Call List Agent,Sellers Discl Not Av
Taxes and HOA Information
  • Additional Parcels: Yes
Property Information
Interior Features
  • Air Conditioning: Central Air
  • Flooring: Carpet, Vinyl
  • # Of Washers: 0
  • Heat/Ventilation: Electric,Forced Air,Gas,Baseboard,Individual Furnaces
  • # Of Window/Ac: 8
  • # Of Refrigerators: 13
  • # Of Dryers: 0
  • # Of Disposals: 0
  • # Of Dishwashers: 0
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 13
Property/Lot Information
  • Tenant Pays: Electricity
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Cluster,Courtyard
  • Lot Dimensions: 193 204
  • Approx Land Sq Footage: 43560
  • Lot Size Square Feet: 39372.0
  • Stories: 2
  • Fire Protection: Smoke or Fire Protectors
  • # Of Offices: 0
  • # Of Ranges: 13
  • # Of Stores: 2
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 59
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 13
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $.00
  • Gross Income: $.00
  • Gross Scheduled Income: $93,600.00
  • Insurance Expense: $9,603.00
  • Maintenance Expense: $.00
  • Insurance Expense Source: Owner Projection
  • Janitor Expense: 0
  • Trash Expense Source: Owner Projection
  • Total Monthly Income: 7800.0
  • Water Expense Source: Owner Projection
  • Net Operating Income: $.00
  • Operating Expense: $.00
  • Trash Expense: $7,200.00
  • Water Sewer Expense: $4,800.00

Property History for 331 West Main Street

DateEvent & SourcePriceAppreciation
Feb 18, 2026

Sold

MRED #100000329

$425,000—
Jan 14, 2026

Pending

MRED #100000329

—
Jan 14, 2026

Contingent

MRED #100000329

—
Jan 6, 2026

Listed (Active)

MRED #100000329

$389,000—
DateEvent & SourcePrice
02/18/2026

Sold

MRED #100000329

$425,000
01/14/2026

Pending

MRED #100000329

—
01/14/2026

Contingent

MRED #100000329

—
01/06/2026

Listed (Active)

MRED #100000329

$389,000

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

Public Records for 331 West Main Street

Taxable ValueLand$11,571Additions$34,011Total$45,582
Tax Record2024$3,461 ($288 / month)
Home Facts
Beds0StyleSingle Family ResidenceCountyRICHLANDAPN11-03-104-002

Schools near 331 West Main Street

This home is within East Richland Community Unit School District 1.
Rating
School
Type
Grades
Distance
East Richland Elementary School
Public - PK to 5
East Richland Middle School
Public - 6 to 8
East Richland High School
Public - 9 to 12
St Joseph's Catholic Church
Private - PK to 8
Rating
School
Distance
East Richland Elementary School
PublicPK to 5

East Richland Middle School
Public6 to 8

East Richland High School
Public9 to 12

St Joseph's Catholic Church
PrivatePK 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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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 WILEY REALTY GROUP

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 02/18/2026 02:44 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.