Contact us: 563.441.1776
Description
Investment opportunity in the heart of Homer! This stately home sits on a corner lot along Main Street and has been converted into two spacious apartment units, each offering approximately 1,224 square feet. The main-level unit features 2 bedrooms, 1 bathroom, impressive 10-foot ceilings, hardwood flooring, and original woodwork that adds to the home's character. The upper unit offers 3 bedrooms, 1 bathroom, and an enclosed porch. Both units feature updated kitchens, in-unit washers and dryers, and separate furnaces and water heaters. Approximately 80% of the windows have been replaced. A full basement provides additional storage, while the two-car detached garage provides one parking space for each unit. Additional features include a gravel driveway and city water and sewer. Both units are currently leased, including a long-term tenant in the upper unit, offering an opportunity to add an established rental property to your investment portfolio.
Property Highlights
Property Type: Multi Unit - Multiple
General Information
Bedrooms: 4
Bathrooms: 2
County: Champaign
High School: Heritage High School
Subdivision: Thomas and Cores
Listed By:
Green Street Realty
MRED MLS
MLS ID: 12765171
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401 S Main Street, Homer, IL 61849.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $152,000 | $152,000 | $152,000 |
| Down Payment | $30,400 | $5,320 | $38,000 |
| Monthly Mortgage Amount | $799 | $980 | $985 |
| Taxes | $212 | $212 | $212 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $67 | $0 |
| Monthly Estimated Total | $1,111 | $1,359 | $1,297 |
Disclaimer:
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided 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. Information on this site was last updated 10/29/2026. The listing information on this page last changed on 10/29/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Thu 10/29/2026 12:02:13 AM EST) or MRED MLS (last updated Wed 10/28/2026 11:55:04 PM EST) or SCWMLS (last updated Wed 10/28/2026 11:55:21 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Wed 10/28/2026 10:15:54 PM EST) or Cedar Rapids MLS (last updated Wed 10/28/2026 10:46:58 PM EST) or NEIRBR MLS (last updated Wed 10/28/2026 11:58:43 PM EST) or ICAAR MLS (last updated Wed 10/28/2026 11:37:37 PM EST) or ECIMLS (last updated Wed 10/28/2026 11:44:36 PM EST) or RMLSA (last updated Thu 10/29/2026 12:00:59 AM EST) or Muscatine MLS (last updated Thu 10/29/2026 12:00:12 AM EST) or No Coast MLS (last updated Wed 10/28/2026 11:54:23 PM EST). Real estate listings held by brokerage firms other than Ruhl&Ruhl Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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