Sold
Last Sold Price
2,277 sqft
416 5th St, Lacon, IL 61540
Multi FamilyProperty Type
0.11 acresLot Size
1900Year Built
$30/sq ftPrice per sq ft

Description

Great investment opportunity... Centrally locted in downtown lacon for all your convenience! 100% occupancy rate... W long standinggood renters. 3 units total with 1 bdrm and 1 bath. Please allow 24 -48 hour notice for appts.Great investment opportunity... Centrally locted in downtown lacon for all your convenience! 100% occupancy rate... W long standinggood renters. 3 units total with 1 bdrm and 1 bath. Please allow 24 -48 hour notice for appts.
  • Listed by: Scarlett Palm 309.361.2095 scotchfrost@yahoo.com • MMCG Realty LLC
Listing closed: 04/21/2023 12:00 AM • Source: RMLS ALLIANCE, MLS#: PA1237191

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Recent comparable sales

Median sold price

$155,000

Avg days on market

19

Sale-to-list ratio

93.7%

Lacon, IL

9 comparable properties found

$155,000 | 516-518 10th Street, Lacon, IL 61540
1/23
1

$155,000

Sold 10/28/25

Unavailable
Bedrooms
Unavailable
Bathrooms
2,036
Square Feet
0.25
Acres
$335,000 | 521-523 3rd Street, Lacon, IL 61540
1/13
2

$335,000

Sold 11/01/24

Unavailable
Bedrooms
Unavailable
Bathrooms
5,824
Square Feet
0.25
Acres
$57,000 | 0 County Road 1300 Road East, Lacon, IL 61540
1/5
3

$57,000

Sold 10/16/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
4.47
Acres
$6,500 | 504 South Main Street, Lacon, IL 61540
1/2
4

$6,500

Sold 05/01/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.25
Acres
$404,800 | 1712 Tax School Road, Lacon, IL 61540
1/16
5

$404,800

Sold 09/15/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
44
Acres
$1,627,000 | 0 Tax School Road, Lacon, IL 61540
1/11
6

$1,627,000

Sold 09/15/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
113
Acres
$155,000 | 1371 Lacon Road, Lacon, IL 61540
1/4
7

$155,000

Sold 06/02/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
7.3
Acres
$1,170,256 | 1450 State Route 17, Lacon, IL 61540
1/22
8

$1,170,256

Sold 09/15/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
105.48
Acres
$86,200 | 313 North High Street, Lacon, IL 61540
1/21
9

$86,200

Sold 02/26/25

2
Bedrooms
2,112
Square Feet
0.25
Acres

Location

Listing Courtesy of MMCG Realty LLC

Sold By Keller Williams Revolution

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Payment Calculator

$498 per month

30 year fixed, 7.03% Interest

Principal and Interest

$368

Property Taxes

$130

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 416 5th Street

Property Details
  • Taxes: $1,554 / year
  • MLS Type: Residential Income / Residential Income
  • Parking Total: 0.0
  • Subdivision Name: OR Town
Building Information
  • Residences: 3
  • Year Built: 1900
  • Lot Size: 0.11 AC / 5,000 SF
Summary
Location and General Information
  • City: Lacon
  • County Or Parish: Marshall
  • Directions: RT 26 OR 29 INTYO LACON TURN ONTO RT 17 OR FIFTH ST LOCATED IN DOWNTOWN DIST
  • Latitude: 41.024386
  • Longitude: -89.408961
  • MLSArea Minor: PAAR Area
  • Postal Code: 61540
  • State Or Province: IL
Taxes and HOA Information
  • Parcel Number: 04-25-359-015
  • Tax Annual Amount: $1,554
  • Tax Legal Description: PT LOTS 2 & 3 100X50 ORG TWN
  • Tax Year: 2021
School Information
  • High School: Midland
Parking
  • Parking Features: On Street
Property
Lot Information
  • Structure Type: Two or More Story
  • Building Area Total: 2277.0
  • Lot Features: Level
  • Lot Size Dimensions: 100X50
  • Number Of Units Total: 3
  • 100 Year Plain: No
  • Certificate Of Zoning: No
  • Road Surface Type: Paved
Property and Assessments
  • Documents Available: Legal Description
  • New Construction: No
  • Year Built: 1900
  • Year Built Source: Public Records
Utilities
  • Number Of Electric Meters: 4
  • Number Of Gas Meters: 3
  • Numberof Water Meters: 1
  • Water Sewer Expense: $0
  • Water Source: Public Sewer, Public
Interior and Exterior Features
Exterior Features
  • Roof: Shingle
  • Construction Materials: Aluminum Siding, Brick Partial
Interior Features
  • Basement: Partially Finished, Walk Out
  • Heating: Forced Air, Gas, Hot Water
  • Interior Features: Cable Available, High Speed Internet
  • Laundry Features: Common Area, Owned Equipment
  • Number Of Central Air Units: 3
  • Number Of Heating Units: 3
  • Number Of Water Heaters: 3
  • Operating Recording Device: None
Multi Family
Income & Expenses
  • Electric Expense: $0
  • Gross Income: $1,050
  • Gross Scheduled Income: $1,050
  • Insurance Expense: $1,200
  • Maintenance Expense: $0
  • Manager Expense: $0
  • Net Operating Income: $-1,704
  • Operating Expense: $1,200
  • 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: 0
  • Number Uncovered: 0
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
Unit 2
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 0
  • Number Uncovered: 0
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 2
Unit 3
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 1
  • Number Covered: 0
  • Number Parking: 0
  • Number Uncovered: 0
  • Unit Type Type: Unit 3
Rental
Rent Information
  • Lease Term: Month To Month

Property History for 416 5th Street

DateEvent & SourcePriceAppreciation
Apr 21, 2023

Sold

RMLS ALLIANCE #PA1237191

$69,000—
Mar 19, 2023

Pending

RMLS ALLIANCE #PA1237191

—
Aug 22, 2022

Listed (Active)

RMLS ALLIANCE #PA1237191

$79,000—
DateEvent & SourcePrice
04/21/2023

Sold

RMLS ALLIANCE #PA1237191

$69,000
03/19/2023

Pending

RMLS ALLIANCE #PA1237191

—
08/22/2022

Listed (Active)

RMLS ALLIANCE #PA1237191

$79,000

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

Public Records for 416 5th Street

Taxable ValueLand$1,655Additions$22,474Total$24,129
Tax Record2025$2,008 ($167 / month)
Home Facts
Beds0Total Finished SqFt1,386 SqFtAbove Grade Finished SqFt1,386 SqFtLot Size5,000 SqFtStyleSingle Family ResidenceYear Built1900Year Renovated1900CountyMARSHALLAPN04-25-359-015

Schools near 416 5th Street

This home is within Midland Community Unit School District 7.
Rating
School
Type
Grades
Distance
Public - PK to 4
Public - 5 to 8
Public - 9 to 12
Rating
School
Distance
Midland Elementary School
PublicPK to 4

Midland Middle School
Public5 to 8

Midland 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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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 416 5th Street, Lacon, IL 61540
$69,000
–
–
2,277
5,000
–
–
–
1,800
900
$15,000
3
–
1,700
3,630
$214,445
–
–
–
1,742,400
$169,000
2
672
161,607
$70,000
–
–
–
522,720

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 MMCG Realty LLC

Based on information submitted to the MLS GRID as of 06/29/2023 12:26 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.