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16-Unit Apartment Complex
For Sale
$685,000

1942 COUNTY ROAD 3000N, Rantoul, IL 61866

Commercial Sale, Rantoul, IL

Property SizeContact for details
Lot Size1.45 Acres
Days on Market499

Property Features for 1942 COUNTY ROAD 3000N

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 20
Bathrooms 16
Full bathrooms 16
Rooms Bedroom 8, Bedroom 11, Bathroom 2, Bathroom 10, Bathroom 15, Bedroom 1, Bathroom 13, Bathroom 8, Bedroom 14, Bathroom 1, Bedroom 17, Bathroom 11, Bedroom 5, Bedroom 6, Bedroom 4, Bedroom 10, Bathroom 7, Bathroom 6, Bathroom 12, Bedroom 12, Bedroom 16, Bedroom 19, Bedroom 20, Bedroom 2, Bedroom 18, Bathroom 9, Bedroom 3, Bathroom 5, Bathroom 14, Bedroom 13, Bathroom 4, Bathroom 3, Bedroom 9, Bathroom 16, Bedroom 7, Bedroom 15
Directions EAST FROM RANTOUL ON RT 136, JUST PAST THE OLD BELL SPORTS COMPLEX ON NORTH SIDE OF HIGHWAY.
Subdivision Northern Champaign County / Ford County
Standard status Active
APN 110432300020
Lot size 1.45 Acres

Taxes and HOA fees

Tax Year 2023
Tax Description LOT PT 1 TAULMAN'S 1ST SUB
Tax Annual Amount 6825
Legal Description LOT PT 1 TAULMAN'S 1ST SUB

Utilities

Sewer type Septic Tank
Cooling system Window Unit(s)
Water source Well

Amenities

air conditioning
refrigerator
range
parking

Building Details

Year built 1968
Floors in Building 2
Number of units 16
Building materials Brick
Roof type Membrane
Listing Agency: REALTY 2000,INC
Listed By: Herman Fogal · License #475098977
Added: May 1, 2025 Changed: Sep 5 Last Checked: Sep 11 at 1:06PM
MLS# 12353416

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 16-unit apartment complex in Rantoul, Illinois, includes two all-brick buildings with membrane roofs and a combined mix of one- and two-bedroom residences. The south building contains four two-bedroom apartments and two one-bedroom apartments, while the north building has ten one-bedroom apartments. Units are equipped with electric heat, electric water heaters, electric ranges, and window or wall-mounted air conditioning. The owner supplies refrigerators, ranges, and air-conditioning units.

The property operates on private well and septic infrastructure, with septic systems installed in 2017 and 2022. Tenants are responsible for all utilities. Parking is located directly in front of the buildings, and the 1.45-acre site provides the setting for the residential improvements. Built in 1968, the complex is positioned at 1942 County Road 3000N in Rantoul, Champaign County, Illinois.

Key Highlights

  • 16 units across two all‑brick apartment buildings
  • Unit mix includes four 2‑bedroom and twelve 1‑bedroom apartments
  • 1.45‑acre site at 1942 County Road 3000N, Rantoul, IL 61866

Property Analytics

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Current Use

Apartment buildings

Lease Details

16
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

10
Businesses Nearby

Demographics for 61866, IL

13,459
Population
6,280
Households
2.1
Avg Household Size
37
Median Age
13%
College-Educated
91%
High-School Grad
80.0 sq mi
ZIP Area
168
Density / Sq Mi
$51,389
Median Household Income
$38,439
Median Earnings
$892
Median Rent
$111,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Two all-brick residential buildings offer varied one- and two-bedroom layouts with tenant-paid utilities and on-site parking.
Where is this apartment building located?
The property is located at 1942 COUNTY ROAD 3000N Rantoul, IL.
What is the asking price?
The asking price for this property is $685,000.
What are key features of this property?
This property features: 16 units across two all‑brick apartment buildings; Unit mix includes four 2‑bedroom and twelve 1‑bedroom apartments; 1.45‑acre site at 1942 County Road 3000N, Rantoul, IL 61866
More about this property
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