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    507 S Prairie St Jacksonville, IL 62650

    For Sale
    Contact for pricing

    Residential Income - Jacksonville, IL

    Property size:
    2,086 SF
    Days on Market:
    104
    Last Refresh:
    Dec 14 at 4:06 pm

    Property Features for 507 S Prairie St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    APN
    0920401003
    Parking
    2
    Parking features
    On Street
    Exterior features
    Level
    Size
    2,086 SF

    Utilities

    Heating system
    Forced Air, Natural Gas

    Building Details

    Year built
    1930
    Number of units
    2
    Building materials
    Aluminum Siding
    Roof type
    Shingle
    Architectural style
    Other

    The Real Estate Group, Inc. (217) 787-7000 [email protected]

    Listing agent Shawn Doerr (217) 787-7000 License #471018956

    Listing date Sep 2, 2025

    MLS# CA1032653 Listing URL

    Copyright © 2025 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.

    Overview

    Jacksonville Duplex with Income Potential

    This duplex property, located in Jacksonville, IL, presents a residential income opportunity. The property has a total size of 2086 square feet. It features separate meters for each unit. Some natural woodwork and hardwoods are present within the structure. The main floor has the potential to be configured as a 3-bedroom apartment. The upper unit was previously rented for $500 per month, with tenants responsible for utilities. A storage shed is included with the property. A new sewer line to the street was installed approximately 2 years ago. The property is being sold AS IS.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Morgan
    State
    Illinois
    Longitude
    -90.237711
    Latitude
    39.730345

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    FAQs

    What type of property is this?
    Duplex - Duplex in need of TLC, offering cash flow potential.
    Where is this duplex located?
    The property is located at 507 S Prairie St Jacksonville, IL.
    What is the asking price?
    The asking price for this property is $29,900.
    What are key features of this property?
    This property features: - Duplex with separate meters for each unit.; - Potential for increased rental income.; - New sewer line (approx. 2 years old).
    (217) 787-7000
    Request Owner's contact information
    507 S Prairie St Jacksonville, IL 62650
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    Jacksonville, IL 62650
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    507 S Prairie St Jacksonville, IL 62650
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