540 N Main St





























Description
- Listed by Nicholas Schauble • The Royal Realty Company IllinP: (309)-226-3223 C: (309)-226-3223 nick@royal309.com
Property Details for 540 North Main Street
Property Details for 540 North Main Street
| Status | Active |
|---|---|
| MLS # | PA1266268 |
| Days on Market | 32 |
| Taxes | $7,415 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Property Type | Multi Family |
| MLS Type | Residential Income / Residential Income |
| Year Built | 1907 |
| Lot Size | 0.26 AC / 11,238 SF |
| County | Tazewell County |
Location
Building Information for 540 North Main Street
Payment Calculator
$2,436 per month
30 year fixed, 6.36% Interest
$1,818
$618
$0
Property Information for 540 North Main Street
- City: Morton
- County Or Parish: Tazewell
- Directions: 150 TO 4 WAY STOP (N) ON MAIN STREET OR COURTLAND TO NORTH MAIN; PROPERTY IS ON THE CORNER OF MAIN & TYLER.
- Latitude: 40.615485
- Longitude: -89.456134
- MLSArea Minor: PAAR Area
- Postal Code: 61550
- State Or Province: IL
- Zoning: R3
- Parcel Number: 06-06-16-307-001
- Tax Annual Amount: $7,415
- Tax Legal Description: SEC 16 T25N R3W MOSCHEL & ACKERMAN ADDN LOT 52 & N 1/2 LOT 51 SW 1/4
- Tax Year: 2025
- Elementary School: Morton
- High School: Morton
- Middle Or Junior School: Morton Jr. High
- Parking Features: Detached, Oversized, Garage Door Opener
- Structure Type: Apartment Building, Other
- Building Area Total: 4139.0
- Lot Features: Corner Lot, Level
- Lot Size Acres: 0.258
- Lot Size Dimensions: 75 X 150
- Number Of Units Total: 4
- 100 Year Plain: No
- Certificate Of Zoning: No
- Road Surface Type: Paved
- Documents Available: Aerial Photos,Tenant Lease(s)
- Foundation Details: Brick/Mortar
- New Construction: No
- Year Built: 1907
- Year Built Source: Public Records
- Number Of Electric Meters: 4
- Number Of Gas Meters: 2
- Numberof Water Meters: 2
- Water Sewer Expense: $734
- Water Source: Public Sewer, Public
- Roof: Shingle
- Construction Materials: Composition, Vinyl Siding
- Basement: Daylight, Finished, Full
- Cooling: Zoned, Central Air
- Heating: Forced Air, Natural Gas, Hot Water, Gas Water Heater, Wall Unit(s), Window Unit(s)
- Interior Features: Storage, Cable Available, High Speed Internet
- Laundry Features: Other, Private
- Number Of Central Air Units: 1
- Number Of Dishwashers: 2
- Number Of Dryers: 2
- Number Of Heating Units: 3
- Number Of Ranges: 4
- Numberof Refrigerators: 4
- Number Of Washers: 2
- Number Of Water Heaters: 2
- Number Of Window Units: 3
- Operating Recording Device: Audio & Video
- Electric Expense: $495
- Gross Income: $52,800
- Gross Scheduled Income: $52,800
- Insurance Expense: $1,916
- Maintenance Expense: $2,200
- Manager Expense: $4,800
- Net Operating Income: $32,926
- Operating Expense: $12,459
- Advertising Expense: 0
- Gas Expense: 1364
- Misc Annual Income: 0
- Trash Expense: $950
- Fireplace YN: N
- Full Baths: 2
- Half Baths: 0
- Number Covered: 2
- Number Parking: 2
- Number Uncovered: 0
- Unit Type Beds Total: 4
- Unit Type Type: Unit 1
- Fireplace YN: N
- Full Baths: 1
- Half Baths: 0
- Number Covered: 1
- Number Parking: 1
- Number Uncovered: 0
- Unit Type Beds Total: 1
- Unit Type Type: Unit 2
- Fireplace YN: N
- Full Baths: 1
- Half Baths: 0
- Number Covered: 0
- Number Parking: 1
- Number Uncovered: 1
- Unit Type Beds Total: 0
- Unit Type Type: Unit 3
- Fireplace YN: N
- Full Baths: 1
- Half Baths: 0
- Number Covered: 1
- Number Parking: 0
- Number Uncovered: 0
- Unit Type Beds Total: 1
- Unit Type Type: Unit 4
- Tenant Pays: Other
- Annual Vacancy Factor: 0
Property History for 540 North Main Street
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| May 5, 2026 | Price Change RMLS ALLIANCE #PA1266268 | $364,900 | — |
| May 5, 2026 | Listed (Active) RMLS ALLIANCE #PA1266268 | $374,900 | — |
| Jul 9, 2024 | Expired RMLS ALLIANCE #PA1249939 | $359,900 | — |
| Jul 9, 2024 | Expired RMLS ALLIANCE #PA1249873 | $359,900 | — |
| May 1, 2024 | Price Change RMLS ALLIANCE #PA1249939 | $364,900 | — |
| May 1, 2024 | Price Change RMLS ALLIANCE #PA1249939 | $364,800 | — |
| May 1, 2024 | Price Change RMLS ALLIANCE #PA1249939 | $359,900 | — |
| Apr 29, 2024 | Price Change RMLS ALLIANCE #PA1249873 | $364,800 | — |
| Apr 29, 2024 | Price Change RMLS ALLIANCE #PA1249873 | $359,900 | — |
| Apr 29, 2024 | Listed (Active) RMLS ALLIANCE #PA1249873 | $369,900 | — |
| Apr 29, 2024 | Listed (Active) RMLS ALLIANCE #PA1249939 | $369,900 | — |
| Oct 31, 2023 | Expired RMLS ALLIANCE #PA1244634 | $375,000 | — |
| Oct 31, 2023 | Expired RMLS ALLIANCE #PA1242218 | $375,000 | — |
| Aug 10, 2023 | Listed (Active) RMLS ALLIANCE #PA1244634 | $375,000 | — |
| May 3, 2023 | Listed (Active) RMLS ALLIANCE #PA1242218 | $375,000 | — |
| Date | Event & Source | Price |
|---|---|---|
| 05/05/2026 | Price Change RMLS ALLIANCE #PA1266268 | $364,900 |
| 05/05/2026 | Listed (Active) RMLS ALLIANCE #PA1266268 | $374,900 |
| 07/09/2024 | Expired RMLS ALLIANCE #PA1249939 | $359,900 |
| 07/09/2024 | Expired RMLS ALLIANCE #PA1249873 | $359,900 |
| 05/01/2024 | Price Change RMLS ALLIANCE #PA1249939 | $364,900 |
| 05/01/2024 | Price Change RMLS ALLIANCE #PA1249939 | $364,800 |
| 05/01/2024 | Price Change RMLS ALLIANCE #PA1249939 | $359,900 |
| 04/29/2024 | Price Change RMLS ALLIANCE #PA1249873 | $364,800 |
| 04/29/2024 | Price Change RMLS ALLIANCE #PA1249873 | $359,900 |
| 04/29/2024 | Listed (Active) RMLS ALLIANCE #PA1249873 | $369,900 |
| 04/29/2024 | Listed (Active) RMLS ALLIANCE #PA1249939 | $369,900 |
| 10/31/2023 | Expired RMLS ALLIANCE #PA1244634 | $375,000 |
| 10/31/2023 | Expired RMLS ALLIANCE #PA1242218 | $375,000 |
| 08/10/2023 | Listed (Active) RMLS ALLIANCE #PA1244634 | $375,000 |
| 05/03/2023 | Listed (Active) RMLS ALLIANCE #PA1242218 | $375,000 |
For completeness, we often displays two records for one sale: the MLS record and the public record.
Public Records for 540 North Main Street
Schools near 540 North Main Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 6 | |||
| Public - | 7 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | PK to 6 |
Rating | School | Distance |
|---|---|---|
Jefferson Elementary School PublicPK to 6 | ||
Morton Jr High School Public7 to 8 | ||
Morton High School Public9 to 12 | ||
Lincoln Elementary School PublicPK to 6 |
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 The Royal Realty Company Illin
Based on information submitted to the MLS GRID as of 05/21/2026 03:00 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.






























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