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    Pana, IL Apartment Buildings for Sale

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    Assumption, IL Nokomis, IL Herrick, IL Taylorville, IL Shelbyville, IL Ramsey, IL Witt, IL Findlay, IL
    Fully Occupied Seven-Unit Apartment Building
    Updated: Jul 6
    Fully Occupied Seven-Unit Apartment Building

    300 E 2nd Street, Pana, IL 62557

    $179,000
    2,116 sqft 0.26 AC lot
    Seven one‑bedroom, one‑bathroom units all currently leased
    Coin‑operated laundry area on‑site
    New roof installed in 2024
    Apartment #4 renovated
    0.2571‑acre lot
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 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.

    Three-Story Multifamily Building with Land
    Three-Story Multifamily Building with Land

    612 W Gallatin Street, Vandalia, IL 62471

    $800,000
    20,700 sqft 0.53 AC lot

    1924 three-story building with elevator access, multiple room configurations, and an included parcel in downtown Vandalia.

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    49-Unit Apartment Building
    49-Unit Apartment Building

    211 N Kennedy Blvd, Vandalia, IL 62471

    $1,100,000

    Converted from a former high school, the property offers multifamily housing in an Opportunity Zone and County Enterprise Zone.

    View details
    Furnished Student Housing Apartment Building
    Furnished Student Housing Apartment Building

    164 Park Place, Decatur, IL 62522

    $379,000

    Four-level multifamily property with furnished bedrooms, shared amenities, kitchenettes, and on-site laundry near Millikin University.

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    Decatur Multifamily Investment Opportunity
    Decatur Multifamily Investment Opportunity

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

    Contact for pricing

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

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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.

    Asheville Development Opportunity: 5.94 Acres
    Asheville Development Opportunity: 5.94 Acres

    215 N Bear Creek Road, Asheville, NC 28806

    $2,500,000
    5.94 AC lot

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

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    Greenville Development Opportunity: 1.33 Acres
    Greenville Development Opportunity: 1.33 Acres

    71 Salters Road, Greenville, SC 29607

    $650,000
    1.33 AC lot

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

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    Commercial Buildable Land Parcel
    Commercial Buildable Land Parcel

    801 NW 36th Avenue, Norman, OK 73072

    $250,000
    0.74 AC lot

    Buildable lot with approximately 370 feet of frontage on NW 36th Avenue and soil/engineering testing already completed.

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    Buildable Lot for Luxury Condos
    Buildable Lot for Luxury Condos

    801 36th Ave NW, Norman, OK 73072

    $285,000
    0.74 AC lot

    0.74 acre buildable lot zoned for low-density apartments.

    View details

    Pana, IL Apartment Buildings Market Trends and Statistics

    Explore 1 apartment buildings for sale in Pana, IL on our real estate platform. These investment opportunities span a total of 2,116 square feet of properties for sale, with an estimated market value of $179,000.

    Sale prices for two-family homes in Pana, IL average $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%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    62557 $179K

    Taxes & Financing

    Average Loan-to-Value 65.0%

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