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Mixed-Use Apartment Building
For Sale
$450,000

352 FRANKLIN Street, Jacksonville, IL 62650

MULTI_FAMILY - Jacksonville, IL

Lot Size4.22 Acres
Days on Market323

Property Features for 352 FRANKLIN Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 4
Bathrooms 4
Full bathrooms 4
Rooms Bedroom 3, Bathroom 4, Bedroom 2, Bathroom 2, Bathroom 1, Bathroom 3, Bedroom 1, Bedroom 4
Parking 20
Parking features Oversize
Basement Finished, Full
Lot features Extra Lot
High school Jacksonville District #117
Directions From Morton, turn right onto S Clay Ave, left onto Franklin St. Destination will be on the right
Standard status Active
APN 09-21-311-027
Lot size 4.22 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description RNG/BLK: TWP:0 SECT/LOT: CITY OF JACKSONVILLE OWENS SUBDIVISION LTS 1 THRU 6 INCL DOCKET NO 7669-2 A
Tax Annual Amount 5399
Legal Description RNG/BLK: TWP:0 SECT/LOT: CITY OF JACKSONVILLE OWENS SUBDIVISION LTS 1 THRU 6 INCL DOCKET NO 7669-2 A

Utilities

Heating system Hot Water(Heating)
Water source Public

Building Details

Year built 1939
Number of units 6
Building materials Brick
Listing Agency: The Real Estate Group, Inc.
Listed By: Clayton Yates · License #475160796
Added: Sep 12, 2025 Changed: Jul 12 Last Checked: Jul 31 at 1:06AM
MLS# CA1039190

Copyright © 2026 RMLS Alliance. 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 distinctive former school building is configured to support both residential and commercial uses under one roof. The main floor is zoned residential and includes tenant-occupied units. The lower level features a full gymnasium with locker rooms and is supported by commercial zoning.

Inside, the building includes kitchens and bathrooms, along with an auditorium that adds flexibility to the layout. A detailed floorplan is available, and appliances are negotiable.

For parking, the property offers a spacious lot with plenty of room for vehicles and guest use. The property is located at 352 Franklin Street in Jacksonville, Illinois (62650), in Morgan County.

Key Highlights

  • Brick building originally constructed in 1939 with Hot Water heating
  • Main floor includes residential tenant‑occupied units with an active residential zoning designation
  • Lower level features a full gymnasium, locker rooms, and commercial zoning

Property Analytics

Current Use

Apartment buildings

Location Intelligence

Trade Area within ½ mile

93
Businesses Nearby

Demographics for 62650, IL

24,891
Population
11,213
Households
2.2
Avg Household Size
42
Median Age
26%
College-Educated
89%
High-School Grad
197.8 sq mi
ZIP Area
126
Density / Sq Mi
$64,137
Median Household Income
$40,101
Median Earnings
$705
Median Rent
$142,600
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Apartment building - Tenant-occupied residential units share space with a lower level featuring a gymnasium, locker rooms, and commercial zoning.
Where is this apartment building located?
The property is located at 352 FRANKLIN Street Jacksonville, IL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Brick building originally constructed in 1939 with Hot Water heating; Main floor includes residential tenant‑occupied units with an active residential zoning designation; Lower level features a full gymnasium, locker rooms, and commercial zoning
More about this property
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