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    Jacksonville, IL Apartment Buildings for Sale

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    Virginia, IL Winchester, IL New Berlin, IL
    Unique Multifamily Asset in Jacksonville
    $2,800,000
    Unique Multifamily Asset in Jacksonville

    500 W State St, Jacksonville, IL 62650

    58-unit multifamily property with distinctive architectural character in Jacksonville, Illinois.
    • Unique architectural character from its original construction as a school building.
    • Centralized location in an established residential corridor with easy access to employment, retail, and community services.
    • Proximity to Jacksonville Shoppes, Wal‑Mart Plaza, and Passavant Area Hospital.
    • Consistent rental demand supported by Illinois College and other local employers.
    • Located within Jacksonville School District 117 attendance area and near major roadways.
    Updated: Apr 3
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    Historic Mixed-Use Building For Sale
    $149,900
    6,412 SF
    Historic Mixed-Use Building For Sale

    326 West State Street, Jacksonville, IL 62650

    All-brick historic building with garage, ideal for mixed-use development.
    • Historic all‑brick building with 6,412 sq ft across two floors, offering significant space and character.
    • Large, heated 1,564 sq ft garage with plumbing, floor drains, and space for up to 6 vehicles.
    • Located next to the Morgan County Courthouse in Jacksonville, IL, offering a prime location.
    • Freight elevator provides access to all three floors (including the basement).
    • Handicapped accessibility and some windows have been replaced.
    Updated: Sep 30, 2025
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    Unique Multifamily Asset in Jacksonville
    $2,800,000
    73,791 SF
    Unique Multifamily Asset in Jacksonville

    58-unit multifamily property with distinctive architectural character in central Illinois.

    500 W State St, Jacksonville, IL 62650

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    Historic Mixed-Use Building in Jacksonville
    $149,900
    7,976 SF
    Historic Mixed-Use Building in Jacksonville

    All-brick building near courthouse, ideal for mixed-use development.

    326 W STATE Street, Jacksonville, IL 62650

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    Based on your search, we've compiled 12 Potential Opportunities for your consideration. Besides 4 Active listings in Jacksonville, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Turnkey Multifamily Apartment Building
    $759,000
    14,000 SF
    Turnkey Multifamily Apartment Building

    16-unit apartment building with updated mechanicals, newer roof, and concrete construction designed for stable long-term income.

    818 S 6th Street, Carrollton, IL 62010

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    Springfield Multifamily Investment Opportunity
    $749,800
    6.60 Acres
    Springfield Multifamily Investment Opportunity

    Fully occupied 10-unit property on 6.5 acres with development potential.

    2510 & 2518 W JEFFERSON Street, Springfield, IL 62702

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    Springfield Multifamily Investment Opportunity
    $385,000
    Springfield Multifamily Investment Opportunity

    Six-unit complex with high occupancy and recent renovations.

    629 W WASHINGTON Street, Springfield, IL 62702

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    Commercial Building with Income Potential
    $150,000
    Commercial Building with Income Potential

    Mixed-use property featuring apartments and retail space in Carrollton, IL.

    326 6th Street, Carrollton, IL 62016

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    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Prime Development Land, Springfield MO
    $2,850,000
    29.20 Acres
    Prime Development Land, Springfield MO

    29.2 acres of retail-zoned land for mixed-use development.

    N West Bypass, Springfield, MO 65802

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    Norman Land For Luxury Condos
    $285,000
    0.74 Acres
    Norman Land For Luxury Condos

    Prime Norman land suitable for luxury condos development.

    801 NW 36th Avenue, Norman, OK 73072

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    Buildable Lot for Luxury Condos
    $285,000
    0.74 Acres
    Buildable Lot for Luxury Condos

    0.74 acre buildable lot zoned for low-density apartments.

    801 36th Ave NW, Norman, OK 73072

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    Asheville Development Opportunity: 5.94 Acres
    $2,500,000
    5.94 Acres
    Asheville Development Opportunity: 5.94 Acres

    5.94-acre parcel zoned RM6, ideal for multi-family development.

    215 N Bear Creek Road, Asheville, NC 28806

    View details

    Jacksonville, IL Apartment Buildings Market Trends and Statistics

    Explore 4 apartment buildings for sale in Jacksonville, IL, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 88,179 square feet of properties for sale, with an estimated market value of $3,099,800.

    Sale prices for two-family homes in Jacksonville, IL start at $149,900, averaging $1,033,266, and reaching up to $2,800,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 24K
    Population Growth (5Y) -9.1%
    Median Household Income $64,137
    College Educated 16.5%

    High-Yield Neighborhoods for Investment

    Identify Jacksonville submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    62650 $1.5M

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Morgan County

    New Delisted

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