231 E Adams St, Virginia, IL 62691
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Property image
OFF MARKET

231 E Adams St
Virginia, IL 62691

  • Studio

$198,900

Trulia Estimate
as of Aug 5, 2026
Est. Refi. Payment $1,451/mo*
Refinance Your Home

$198,900

Trulia Estimate
as of Aug 5, 2026
Est. Refi. Payment $1,451/mo*
Refinance Your Home
Studio
(on 0.55 acres)

Local Information

  • Map ViewExplore the area around 231 E Adams St.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Multi-Family
Year Built
1975
Lot Size
0.55 acres

About this House

Income producing investment property! Very well built and well maintained 14 unit rental complex. Property consists of 14 rental apartments all in one brick building. Lower level is made up of four ranch style single story 3 bedroom, 1 bathroom apartments just under 1200 square feet each. The top two stories are divided into ten two level townhouse apartments. Each of these has 2 bedrooms and 1.5 baths just under 1000 square feet each. The two bedroom units have a full bath and both bedrooms in the upstairs with kitchen, dining, living room and half bath on the downstairs floor. All 14 apartments have been well maintained and kept up over the years with renovations. One lower level 3 bedroom apartment is being remodeled currently and will have all new floors, paint and bathroom. Utilities are separate for each unit. Building is all electric with no gas and has electric radiant heat in the ceilings. Some units are currently running on central air and some have been switched to window units. All duct work and material is still present if central air was put back into the units running on window A/C. Roof is 11 years old on 20 year shingles and exterior of the building is in great condition (built in 1975). Currently, 12 units are occupied and once renovation of the 3 bedroom apartment is complete monthly income from 13 of 14 apartments will be $5,430. The final apartment is being used by the seller currently as an Airbnb rental. They have nearly the remainder of the year booked out and are making $6,000 per year off it. Monthly expenses are currently at $1,175 including internet, water, trash, property tax and insurance. Current owner is netting approximately $57,000 per year on the property. Their average monthly rental at $425 per unit is low for the area and could easily be increased. All apartments (besides the Airbnb) are on a month to month lease with payment due first of the month. Property is only 35 minutes from Springfield, 15 minutes from Jacksonville and 15 minutes from Beardstown. There are many companies and factories nearby for job opportunities and renters.
231 E Adams St, Virginia, IL 62691 is a studio multi-family built in 1975. It is currently off market. The Trulia Estimate is $198,900, with a rent estimate of $873/month.

Home Details for 231 E Adams St

Exterior Features

Exterior Home Features
Roof: AsphaltExterior: Brick

Property Information

Year Built
Year Built: 1975
Property Type / Style
Property Type: Multi Family

Lot Information

Lot Area: 0.55 acres

Price History for 231 E Adams St

DatePriceEventSource
09/06/2023ListingRemovedMy State MLS #11120238
11/09/2022$595,000Listed For SaleMy State MLS #11120238

Market trends in Virginia

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
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Sale-to-List Price
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Price per sq ft
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Available listings
5
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Assigned Schools

These are the assigned schools for 231 E Adams St.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

What Locals Say about Virginia

At least 2 Trulia users voted on each feature.

  • 100 % Say it's dog friendly

  • 100 % Say there's holiday spirit

  • 100 % Say yards are well-kept

  • 100 % Say it's walkable to grocery stores

  • 100 % Say it's walkable to restaurants

  • 100 % Say parking is easy

  • 100 % Say car is needed

  • 67 % Say people would walk alone at night

  • 64 % Say neighbors are friendly

  • 60 % Say there are sidewalks

  • 60 % Say they plan to stay for at least 5 years

  • 50 % Say kids play outside

  • 50 % Say it's quiet

  • 20 % Say there are community events

  • 17 % Say there's wildlife

Sourced by Trulia users. Learn more about our methodology.

LGBTQ Local Legal Protections

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Homes for sale near 231 E Adams St

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Off Market Homes Near 231 E Adams St

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