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    Pana, IL Apartment Buildings for Sale

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    Assumption, IL Nokomis, IL Taylorville, IL
    Multi-Family Investment Property
    $179,000
    2,116 SF
    Multi-Family Investment Property

    300 E 2nd Street, Pana, IL 62557

    Seven rented one-bedroom units offer immediate income with recent roof replacement and partial renovation.
    • 7 one‑bedroom, one‑bathroom units; all units are currently rented
    • New roof installed in 2024
    • Apartment 4 has been renovated
    • Built in 1890
    Updated: Jun 2
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    Rented Multifamily with New Roof
    $179,000
    2,116 SF
    Rented Multifamily with New Roof

    300 E 2nd Street, Pana, IL 62557

    Seven one-bedroom, one-bath units are currently rented, with a roof replacement completed in 2024.
    • Seven one‑bedroom, one‑bath units, all currently rented
    • Roof replacement completed in 2024
    • Apartment 4 has been renovated
    • Year built: 1890
    Updated: Apr 8, 2025
    View details
    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Pana, 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.

    Springfield Multifamily Investment Opportunity
    $160,000
    Springfield Multifamily Investment Opportunity

    Six-unit, all-brick apartment building in Springfield, Illinois.

    1546 E CORNELL Street, Springfield, IL 62703

    View details
    Decatur Multifamily Investment Opportunity
    $2,340,000
    Decatur Multifamily Investment Opportunity

    35-unit multifamily property in Decatur, Illinois with value-add potential.

    105, 111, 117, & 133 Elder Lane, Decatur, IL 62522

    View details
    Multifamily Property with Redevelopment Potential
    $800,000
    16,248 SF
    Multifamily Property with Redevelopment Potential

    Converted multifamily property with value-add opportunity in Decatur, Illinois.

    417-461 W Wood St, Decatur, IL 62522

    View details
    Historic Ridgely Building Redevelopment Opportunity
    Contact for pricing
    57,185 SF
    Historic Ridgely Building Redevelopment Opportunity

    Twelve-story building suitable for office, retail, or multifamily redevelopment.

    500 E Monroe St, Springfield, IL 62701

    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
    Multifamily Development Opportunity in Charlotte
    $559,700
    0.47 Acres
    Multifamily Development Opportunity in Charlotte

    Prime 0.47-acre parcel zoned for multifamily development near UNC Charlotte.

    4312 Tantilla Circle, Charlotte, NC 28215

    View details

    Pana, IL Apartment Buildings Market Trends and Statistics

    Explore 2 apartment buildings for sale in Pana, IL on our real estate platform. These investment opportunities span a total of 4,232 square feet of properties for sale, with an estimated market value of $358,000.

    Sale prices for two-family homes in Pana, IL start at $179,000, averaging $179,000, and reaching up to $179,000 — 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 6,859
    Population Growth (5Y) -3.6%
    Median Household Income $51,769
    College Educated 23.7%

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Christian County

    New Delisted

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