102 E Market St

Mount Carroll, IL 61053

$549,000
Price
7
Beds
5
Baths
6,638 Sq. Ft.
$83 / Sq. Ft.
6,638
Sq. Ft.
$83
per Sq. Ft.

Description

Anchoring the heart of Mt. Carroll’s downtown Historic District, this impressive brick cornerstone property offers a unique blend of commercial and residential opportunities. Formerly home to the Mt. Carroll National Bank, this multi-use building features: COMMERCIAL OFFICE SPACE: Has two glass-enclosed, soundproof offices, a granite and cherry reception area, a conference space, a vault, and a 1960’s Elevette three-floor elevator (currently disabled). Per Illinois state guidelines, the elevator...Anchoring the heart of Mt. Carroll’s downtown Historic District, this impressive brick cornerstone property offers a unique blend of commercial and residential opportunities. Formerly home to the Mt. Carroll National Bank, this multi-use building features: COMMERCIAL OFFICE SPACE: Has two glass-enclosed, soundproof offices, a granite and cherry reception area, a conference space, a vault, and a 1960’s Elevette three-floor elevator (currently disabled). Per Illinois state guidelines, the elevator must either be reactivated and recertified or removed within the coming years. The main floor units have separate heating and cooling systems but share natural gas and electric services. MAIN FLOOR APARTMENT (ADDED IN 2018): This well-appointed unit includes an electric fireplace, modern plumbing, all appliances, updated flooring, a gas forced-air furnace, central air, some new windows, a custom kitchen, two bedrooms, and a full bath. Currently non-conforming as a residential unit, it could alternatively be used as additional office space. The City of Mt. Carroll is reviewing ordinances related to main-level apartments in commercial districts. SECOND-FLOOR RESIDENCES (RENOVATED IN 2014): The upper level underwent complete interior renovations including all new plumbing and electrical, creating four modern apartments with separate electric services. Updates included new electrical and plumbing systems, four electric furnaces, four separate rooftop central air units, custom kitchen cabinetry with granite countertops, appliances, Pella windows with Levolor® blinds, and updated flooring and baths. A shared laundry facility serves three units, while the two-bedroom apartment has its own in-unit washer and dryer as well as a dishwasher. www.oldmarketstreetliving.com All appliances stay. The apartments are staged; no furnishings stay. Office furniture may be negotiable with a separate bill of sale. BASEMENT: The east half of the basement includes a vault and half bathroom with a rear (north) alley entrance. On the west side of the basement there is approximately 800+ sq. ft. of unfinished space with its own multiple entrances—ready for conversion into an additional commercial space or residential unit to maximize income potential. There are two entrances on the west side of the building off Main Street, plus one handicap accessible alley entrance on the north side of the building. ADDITIONAL INFORMATION: Bituminous Roof installed in 2014, and the building’s water heater was new in 2024. Coded security door to second floor apartments. There is a rear fire escape. The owner is a Licensed Illinois Designated Managing Real Estate Broker and Sole Member of Old Market Street LLC, Series V. All unit square footages are estimated and deemed reliable but not guaranteed. Sale is contingent upon the seller securing housing of their choice. A signed confidentiality agreement and buyer's lender pre-approval are required prior to showing confirmation or receiving financial information. Deed restrictions apply. Party wall agreement. Utility easement. Subject to current leases. Seize this rare opportunity to invest in a piece of mt. Carroll’s history!
  1. Listed by Amy L Barnes • BARNES REALTY, INC.

Property Details for 102 East Market Street

Style
2 Story
Total # of Parking Spaces
3
LISTING UPDATED: 06/04/2025 08:04 AM

Property Details for 102 East Market Street

StatusActive And Available
MLS #202502324
Days on Market35
Taxes$4,378 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / 5+ Units
Year Built1870
Lot Size-
CountyCarroll County

Location

Listing Courtesy of BARNES REALTY, INC.
Add your commute

Building Information for 102 East Market Street

Stories3Residences6Year Built1870Building Size-Lot Size-

Payment Calculator

$3,241 per month

30 year fixed, 6.845% Interest

Principal and Interest

$2,876

Property Taxes

$365

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 102 East Market Street

Summary
Location and General Information
  • Grid: Carroll County
  • City: Mt Carroll
  • State: IL
  • Zip: 61053
  • Address: 102 E Market Street
  • County: Carroll County
  • Zip Code: 61053
  • Year Built: 1870
  • School District: West Carroll
  • Elementary School 1: West Carroll
  • Middle School: West Carroll
  • High School: West Carroll
  • Township: CC05-Mt. Carroll
  • Zoning: Commercial
Taxes and HOA
  • Tax Year: 2024
  • Taxes: $4,378
Property
Lot Information
  • Est Below Grade Fin SqFt: 0
  • Est Main Sq. Ft.: 3319
  • Est Total Finished Sq. Ft.: 6638
  • Est Above Grade SqFt: 6638
Property and Assessments
  • Class: MULTIFAMILY
  • Type: 5+ Units
  • Status: ACTIVE and AVAILABLE
  • PIN: 050801401014
  • HUD: No
Utilities
  • Water: City
  • Sewer: City
  • Electric: Circuit Breaker
  • Separate Utilities: Yes
  • Separate Electric Y/N: Yes
  • Separate Water Y/N: No
Interior and Exterior Features
Exterior Features
  • Exterior: Brick/Stone
  • General Features: Elevator, Laundry in Building
  • Roof: Other
Interior Features
  • Basement: Full, Unfinished, Walk-Out Access
  • Basement Type: Full
  • Water Heater: Natural Gas
  • Heating: Electric, Forced Air, Natural Gas
  • Cooling: Central Air, Window Unit
  • Appl Stay/Incl: Dishwasher, Dryer, Microwave, Refrigerator, Stove/Cooktop, Washer
  • Basement Y/N: Yes
  • Separate Heat Y/N: Yes
  • Washer/Dryer CoinOp Y/N: No
  • Washer/Dryer Hookup Y/N: Yes
  • Washer/Dryer Y/N: Yes
Multi Family
Income and Expenses
  • Insurance/YR: $0
  • Maintenance/YR: $0
  • Management/YR: $0
  • Utilities/YR: $0
  • Legal/Account/YR: 0
  • Other/YR: 0
Multi Family Information
  • Number of Floors in Bldg: 3
  • Number of Tenants in Bldg: 4
  • Number of Units: 6
Unit 1
  • Unit 1 Range: Yes
  • Unit 1 Garage Capacity: 0
  • Unit 1 # Beds: 1
  • Unit 1 AC: Y
  • Unit 1 Refrigerator: Yes
  • Unit 1 # Rooms: 4
  • Unit 1 # Baths: 1
  • Unit 1 Heat: EFA
  • Unit 1 SqFt: 575
  • Unit 1 Lease/Deposit: LO
  • Unit 1 Rent: LO
Unit 2
  • Unit 2 Range: Yes
  • Unit 2 Garage Capacity: 0
  • Unit 2 # Beds: 2
  • Unit 2 AC: Y
  • Unit 2 Refrigerator: Yes
  • Unit 2 # Rooms: 5
  • Unit 2 # Baths: 1
  • Unit 2 Heat: EFA
  • Unit 2 SqFt: 650
  • Unit 2 Lease/Deposit: LO
  • Unit 2 Rent: LO
Unit 3
  • Unit 3 Range: Yes
  • Unit 3 Garage Capacity: 0
  • Unit 3 # Beds: 1
  • Unit 3 AC: Y
  • Unit 3 Refrigerator: Yes
  • Unit 3 # Rooms: 4
  • Unit 3 # Baths: 1
  • Unit 3 Heat: EFA
  • Unit 3 SqFt: 600
  • Unit 3 Lease/Deposit: LO
  • Unit 3 Rent: LO
Unit 4
  • Unit 4 Range: Yes
  • Unit 4 Garage Capacity: 0
  • Unit 4 # Beds: 1
  • Unit 4 AC: Y
  • Unit 4 Refrigerator: Yes
  • Unit 4 # Rooms: 4
  • Unit 4 # Baths: 1
  • Unit 4 Heat: EFA
  • Unit 4 SqFt: 400
  • Unit 4 Lease/Deposit: LO
  • Unit 4 Rent: LO
Unit 5
  • Unit 5 Range: Yes
  • Unit 5 Garage Capacity: 0
  • Unit 5 # Beds: 2
  • Unit 5 AC: Y
  • Unit 5 Refrigerator: Yes
  • Unit 5 # Rooms: 5
  • Unit 5 # Baths: 1
  • Unit 5 Heat: GFA
  • Unit 5 SqFt: 1187
  • Unit 5 Lease/Deposit: LO
  • Unit 5 Rent: LO
Unit 6
  • Unit 6 Range: No
  • Unit 6 Garage Capacity: 0
  • Unit 6 # Beds: 0
  • Unit 6 AC: Y
  • Unit 6 Refrigerator: No
  • Unit 6 # Rooms: 5
  • Unit 6 # Baths: 0
  • Unit 6 Heat: GFA
  • Unit 6 SqFt: 1632
  • Unit 6 Lease/Deposit: LO
  • Unit 6 Rent: LO
Rental
Rent Information
  • Lease: No

Property History for 102 East Market Street

DateEvent & SourcePriceAppreciation
May 9, 2025

Listed (Active)

MRED #12361921

$549,000
May 9, 2025

Listed (Active)

RMLS ALLIANCE #QC4263119

$549,000
May 7, 2025

Listed (Active)

NorthWest Illinois Alliance of REALTORS® #202502325

$549,000
May 7, 2025

Listed (Active)

NorthWest Illinois Alliance of REALTORS® #202502324

$549,000
Jan 7, 2023

Expired

NorthWest Illinois Alliance of REALTORS® #194514

$600,000
Jan 5, 2021

Listed (Active)

NorthWest Illinois Alliance of REALTORS® #194514

$399,000
DateEvent & SourcePrice
05/09/2025

Listed (Active)

MRED #12361921

$549,000
05/09/2025

Listed (Active)

RMLS ALLIANCE #QC4263119

$549,000
05/07/2025

Listed (Active)

NorthWest Illinois Alliance of REALTORS® #202502325

$549,000
05/07/2025

Listed (Active)

NorthWest Illinois Alliance of REALTORS® #202502324

$549,000
01/07/2023

Expired

NorthWest Illinois Alliance of REALTORS® #194514

$600,000
01/05/2021

Listed (Active)

NorthWest Illinois Alliance of REALTORS® #194514

$399,000

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

Public Records for 102 East Market Street

Taxable ValueLand$3,310Additions$46,114Total$49,424
Tax Record2023$4,141 ($345 / month)
Home Facts
Lot Size690 SqFtStyleStoresCountyCARROLLAPN05-08-01-401-014

Schools near 102 East Market Street

This home is within West Carroll Community Unit School District 314.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
West Carroll Primary School
PublicPK to 5

West Carroll Middle School
Public6 to 8

West Carroll 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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102 East Market Street is a multi-family home for sale in Mount Carroll, IL 61053. This property was listed for sale on May 8, 2025 by BARNES REALTY, INC., it's currently listed at $549,000. This listing's school district is West Carroll Community Unit School District 314. Nearby schools include West Carroll Primary School, West Carroll Middle School and West Carroll High School. 102 East Market Street is a 7-bed, 4-bath, 6,638 sqft multi-family home built in 1870.

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 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 BARNES REALTY, INC.

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 06/04/2025 08:04 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.