Sold
Last Sold Price
2,365 sqft$143/sqft
603 N Market St, Waterloo, IL 62298
Multi FamilyProperty Type
0.43 acresLot Size
1996Year Built
$143/sq ftPrice per sq ft

Description

One time show and sell - seller selling as is. A rare and exciting opportunity awaits with TWO separate residential buildings situated on one parcel (.429± acres), grandfathered as a multi-family property! The possibilities here are endless with approximately 1,905 sq. ft. combined and parking for 6+ vehicles, plus convenient drive-through access from Market Street to the alley. Whether you're looking for an income-producing investment, vacation property, short-term rental opportunity, or flexible...One time show and sell - seller selling as is. A rare and exciting opportunity awaits with TWO separate residential buildings situated on one parcel (.429± acres), grandfathered as a multi-family property! The possibilities here are endless with approximately 1,905 sq. ft. combined and parking for 6+ vehicles, plus convenient drive-through access from Market Street to the alley. Whether you're looking for an income-producing investment, vacation property, short-term rental opportunity, or flexible living arrangement, this property checks all the boxes! Operate both homes as short-term rentals, live in the Chalet while generating income from the Cabin, or convert both into full-time residential use—the choice is yours! The timber-frame Chalet is packed with character and charm featuring cathedral ceilings and a stunning 25-foot stone fireplace that instantly steals the show! Offering 2 bedrooms, 2 baths, plus a possible third sleeping area in the lower level (no egress), this home comfortably sleeps 5–6 guests. Relax and unwind in your private hot tub enclosed with a privacy fence, gather around the firepit seating area, and enjoy the convenience of two washer/dryer sets along with a spacious basement storage area. Chalet Updates Include: • 2016: Air Conditioner • 2017: Privacy Fence • 2018: Furnace. The charming Cabin offers the perfect cozy retreat and additional flexibility! This adorable space features 1 bedroom and 1 bath (shower only) along with a beautiful granite kitchen seating area and an inviting outdoor firepit seating area, creating the perfect atmosphere to relax and unwind. Whether used as a short-term rental, guest space, or full-time residence, the Cabin delivers both charm and function. Cabin Updates Include: • 2019: Bathroom/kitchen flooring, shower remodel, water heater & wall heater • 2021: Roof, hot tub with privacy fence • 2023: Kitchen appliances, granite countertops & farmhouse sink
• 2024: Loft door replacement, propane firepit & outdoor seating area. Properties offering this kind of versatility are hard to find! Whether you're searching for an investment opportunity, vacation rental potential, or a one-of-a-kind property setup, this may be your golden opportunity knocking at the door!
  • Listed by: Lisa Meegan 618.719.9996 lisameegancansell@gmail.com • eXp Realty
Listing closed: 07/31/2026 12:00 AM • Source: MARIS, MLS#: 26031631

Location

Listing Courtesy of eXp Realty

Sold By eXp Realty

Add your commute

Payment Calculator

$2,194 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,723

Property Taxes

$471

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 603 North Market Street

Property Details
  • Taxes: $5,646 / year
  • MLS Type: Residential Income / 2-4 Units
  • Architectural Style: Cabin, Cottage
Building Information
  • Year Built: 1996
  • Lot Size: 0.43 AC / 18,730 SF
Summary
Location and General Information
  • City: Waterloo
  • County Or Parish: Monroe
  • Latitude: 38.34287
  • Longitude: -90.150973
  • Postal Code: 62298
  • State Or Province: IL
  • Sub division Name: Not in Subdivision
Taxes and HOA Information
  • List AOR: Southwestern Illinois Board of REALTORS
  • Parcel Number: 07-24-404-041-000
  • Tax Annual Amount: $5,646.00
  • Tax Year: 2024
  • AssociationYN: No
Parking
  • Attached Garage: No
  • Carport: No
  • Garage: No
School Information
  • Elementary School: WATERLOO DIST 5
  • High School: Waterloo
  • High School District: Waterloo DIST 5
  • Middle Or Junior School: WATERLOO DIST 5
Property
Lot Information
  • Living Area: 2365.0
  • Lot Size Acres: 0.43
  • Lot Size Source: Public Records
  • Lot Size Square Feet: 18730.8
  • Property Sub Type: 2-4 Units
  • Property Type: Residential Income
Property and Assessments
  • Above Grade Finished Area: 1336.0
  • Above Grade Finished Area Source: Owner
  • Below Grade Finished Area: 144.0
  • Below Grade Finished Area Source: Other
  • Documents Count: 0
  • Photos Count: 12
  • Year Built: 1996
  • Disclosures: See Seller's Disclosure
  • Construction Materials: Stucco
  • NewConstructionYN: No
  • BuyerFinancing: Conventional
  • OccupantType: Vacant
Utilities
  • Electric: 220 Volts
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Roof: Architectural Shingle
Interior Features
  • Appliances: Dishwasher, Microwave, Built-In Electric Range, Free-Standing Refrigerator, Washer/Dryer
  • Basement: 8 ft + Pour, Partially Finished
  • Basement YN: Yes
  • Bathrooms Full: 0
  • Bathrooms Half: 0
  • Bedrooms Total: 0
  • Cooling: Central Air
  • Fireplace Features: Living Room
  • Fireplaces Total: 1
  • Fireplace: Yes
  • Heating: Forced Air
  • LivingAreaSource: Estimated
  • MIS_MainAndUpperLevelBedrooms: 0
  • MIS_MainAndUpperLevelBathrooms: 0

Property History for 603 North Market Street

DateEvent & SourcePriceAppreciation
Jul 31, 2026

Closed

MARIS #26031631

$339,000
Jul 31, 2026

Pending

MARIS #26031631

Jan 17, 2006

Closed (Public Record)

Public Record #266276244

$178,000

+10.9% / yr

DateEvent & SourcePrice
07/31/2026

Closed

MARIS #26031631

$339,000
07/31/2026

Pending

MARIS #26031631

01/17/2006

Closed (Public Record)

Public Record #266276244

$178,000

+10.9% / yr

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

Public Records for 603 North Market Street

Taxable ValueLand$17,790Additions$82,550Total$100,340
Tax Record2024$5,646 ($471 / month)
Home Facts
Beds1Baths2Total Finished SqFt583 SqFtAbove Grade Finished SqFt583 SqFtStories1Lot Size18,731 SqFtStyleSingle Family ResidenceYear Built1952Year Renovated1952ZoningWR3CountyMONROEAPN07-24-404-041-000

Schools near 603 North Market Street

This home is within Waterloo Community Unit School District 5.
Rating
School
Type
Grades
Distance
Public - PK to 1
Public - 2 to 3
Public - 4 to 5
Public - 6 to 8
Rating
School
Distance
W J Zahnow Elementary School
PublicPK to 1

Rogers Elementary School
Public2 to 3

Gardner Elementary School
Public4 to 5

Waterloo Junior High School
Public6 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.

Similar Homes

New listings in 62298

$898,000 | 600 Covington Drive, Waterloo, IL 62298
1/67
New

$898,000

4
Bedrooms
4,100
Square Feet
1.1
Acres
$114,000 | 319 South Main Street, Waterloo, IL 62298
1/8

$114,000

1
Bedrooms
777
Square Feet
0.11
Acres
$225,000 | 610 Laurel Drive, Waterloo, IL 62298
1/47

$225,000

3
Bedrooms
1,852
Square Feet
0.63
Acres
$285,000 | 326 Briarwood Drive, Waterloo, IL 62298
1/30
Active Under Contract

$285,000

2
Bedrooms
2,018
Square Feet
0.19
Acres
$467,000 | 1552 New Brunswick Drive, Waterloo, IL 62298
1/47

$467,000

2
Bedrooms
1,911
Square Feet
Unavailable
Acres
$290,000 | 118 Jefferson Drive, Waterloo, IL 62298
1/57
Active Under Contract

$290,000

3
Bedrooms
2,296
Square Feet
0.25
Acres
$475,000 | 983 White Oak Drive, Waterloo, IL 62298
1/55
Active Under Contract

$475,000

3
Bedrooms
2,740
Square Feet
2.51
Acres
$549,900 | 8718 D Road, Waterloo, IL 62298
1/67

$549,900

3
Bedrooms
2,328
Square Feet
1.16
Acres
$449,900 | 6760 Woodhill Run, Waterloo, IL 62298
1/37

$449,900

3
Bedrooms
2,820
Square Feet
2.74
Acres

Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 603 North Market Street, Waterloo, IL 62298
$339,000
2,365
18,730
$240,000
5
3
1,686
23,477
$164,000
4
4
1,290
10,454
$230,000
3
3
1,635
30,895
3
3
972
15,246
$65,000
2
2
952
13,259

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 eXp Realty

Based on information submitted to the MLS GRID as of 08/04/2026 06:47 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. 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.