Rantoul, IL Apartment buildings for sale

Updated: May 1, 2025

Well-Maintained Apartment Complex in Rantoul

1942 COUNTY ROAD 3000N, Rantoul, IL 61866

$685,000

1.45 AC lot

All‑brick apartment complex built in 1968 with 16 total units across two buildings
Unit mix: south building has four 2‑bedroom and two 1‑bedroom apartments; north building has ten 1‑bedroom units
Each unit has electric heat, electric water heater, and an electric cooking range (no gas service)
Owner‑supplied appliances include refrigerators and ranges, plus window/wall‑mounted A/C units; tenants pay all utilities
Property has its own well and septic systems, with new septic systems installed in 2017 and 2022

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Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Rantoul, 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.

Downtown Champaign Mixed-Use Building

320 N Neil Street, Champaign, IL 61820

$1,250,000

5,865 sqft 0.08 AC lot

Prime mixed-use property in downtown Champaign with rental income.

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8-Unit Multifamily with Private Patios

206 Grove Street, Urbana, IL 61802

$949,000

0.19 AC lot

Well-maintained 8-unit building with two-bedroom units, in-unit laundry, and surface parking.

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Garden-Style Eight-Unit Multifamily

206 S GROVE ST, Urbana, IL 61802

Contact for pricing

7,200 sqft

Updated eight-unit property with in-unit laundry and private patio or balcony access for each two-bedroom home.

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Historic Mixed-Use Building

112 W Hill Street, Champaign, IL 61820

$1,995,000

Historic downtown Champaign building with residential apartments and commercial tenant space, updated systems, and sprinkler fire protection.

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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.

Retail-Zoned Development Land Opportunity

N West Bypass, Springfield, MO 65802

$2,850,000

29.20 AC lot

29.2-acre site with retail zoning and conditional overlay, approved for 352 apartments and multiple residential lot configurations.

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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

71 Salters Road, Greenville, SC 29607

$699,900

1.33 AC lot

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

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Land Near Shepherd University

8285 MARTINSBURG Pike, Shepherdstown, WV 25443

$650,000

3.70 AC lot

Prime land near Shepherd University with development potential.

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Rantoul, IL Apartment Buildings Market Trends and Statistics

Explore 1 apartment buildings for sale in Rantoul, IL on our real estate platform.

Sale prices for two-family homes in Rantoul, IL average $685,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Neighborhood	Average Price
61866	$685K

Neighborhood

Average Price

61866

$685K

Rantoul, IL Apartment Buildings for Sale

1942 COUNTY ROAD 3000N, Rantoul, IL 61866