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    Litchfield, IL Apartment Buildings for Sale

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    Brighton, IL Mount Olive, IL Mt Olive, IL
    8,015 SF Mixed-Use Building
    $365,900
    8,015 SF
    8,015 SF Mixed-Use Building

    117 E Union Ave, Litchfield, IL

    Mixed-use building with restaurant, retail, and apartment units.
    • Investment opportunity with an 8,015 SF building and multiple income streams from existing tenants (restaurant, pizza maker, apartments).
    • Located in a TIF area, offering potential tax benefits and development incentives.
    • Two 900 SF street‑level spaces available for lease, providing immediate income potential.
    • Four upstairs apartments, with two currently leased and two under renovation, offering further income potential.
    • High‑traffic location on IL Route 16 (E Union Ave) directly across from the Square and Memorial Gardens.
    Updated: Aug 26, 2024
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    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Litchfield, 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.

    Alton Multifamily Investment Opportunity
    $980,000
    0.33 Acres
    Alton Multifamily Investment Opportunity

    Two buildings with 14 units near dental college.

    2705 College Avenue, Alton, IL 62002

    View details
    Mid-Rise Apartment Community
    Contact for pricing
    118,944 SF
    Mid-Rise Apartment Community

    Mid-rise multifamily community with ample parking, green space, and on-site management, currently operating at 91.5% occupancy.

    1010 Enclave Boulevard, Edwardsville, IL 62025

    View details
    Mid-Rise Apartment Community
    Contact for pricing
    118,944 SF
    Mid-Rise Apartment Community

    Mid-rise multifamily property with ample parking, green space, and on-site management and maintenance.

    1010 Enclave Blvd., Edwardsville, IL 62025

    View details
    Former School with Redevelopment Potential
    $285,000
    33,150 SF
    Former School with Redevelopment Potential

    Former school building suitable for redevelopment or community use.

    121 W Elm Street, Alton, IL 62002

    View details

    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

    View details
    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
    Greenville Development Opportunity: 1.33 Acres
    $699,900
    1.33 Acres
    Greenville Development Opportunity: 1.33 Acres

    1.33 acre parcel suitable for multi-family development near downtown.

    71 Salters Road, Greenville, SC 29607

    View details
    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

    View details

    Litchfield, IL Apartment Buildings Market Trends and Statistics

    Explore 1 apartment buildings for sale in Litchfield, IL on our real estate platform. These investment opportunities span a total of 8,015 square feet of properties for sale, with an estimated market value of $365,900.

    Sale prices for two-family homes in Litchfield, IL start at $365,900, averaging $365,900, and reaching up to $365,900 — 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 8,591
    Population Growth (5Y) +0.2%
    Median Household Income $62,705
    College Educated 33.9%

    Taxes & Financing

    Tax Rate (average for all types) 8.29%
    Property Tax per SF $70.83 per SF
    Tax Rate vs County Average 0.09 pp above county avg
    Average Loan-to-Value 65.0%

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