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Brick Duplex with Finished Expansion Potential
For Sale
$79,900
Pending

1003 N Franklin Street, Danville, IL 61832

Residential Income, Danville, IL

Property SizeContact for details
Days on Market193

Property Features for 1003 N Franklin Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 2
Bathrooms 2
Full bathrooms 2
Rooms Bathroom 2, Bedroom 1, Bedroom 2, Bathroom 1
Parking 2
Elementary school district 118
Middle school district 118
High school district 118
Directions Drive north on North Vermilion St. Left to West Townsend St. Turn right. Property is on the left.
Subdivision Danville
Standard status Pending
APN 23051220190000

Taxes and HOA fees

Tax Year 2023
Tax Annual Amount 692

Utilities

Sewer type Public Sewer
Heating system Natural Gas
Water source Public

Building Details

Year built 1940
Listing Agency: Beycome Brokerage Realty LLC
Listed By: Jeffrey Sklar · License #471.021523
Added: Feb 10 Changed: Aug 20 Last Checked: Aug 22 at 12:06AM
MLS# 12565887

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 brick duplex was built in 1940 and contains two separate residential sides, both of which are currently rented. Professional management is in place, and tenants pay all utilities. The property has a newer roof and a dry basement with room for two additional units, subject to applicable requirements and approvals.

Public water and public sewer serve the building, with natural gas heating. The property is located at 1003 N Franklin Street in Danville, Illinois, within Vermilion County.

Key Highlights

  • Brick duplex with both sides currently rented
  • Professional management in place
  • Tenants pay all utilities

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Parking Lot & Garage Grocery & Convenience Store Skin Care Clinic Garden Center Cafe & Coffee Shop Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

748
Businesses Nearby

Demographics for 61832, IL

32,878
Population
16,390
Households
2
Avg Household Size
40
Median Age
17%
College-Educated
90%
High-School Grad
27.3 sq mi
ZIP Area
1,204
Density / Sq Mi
$45,264
Median Household Income
$37,288
Median Earnings
$805
Median Rent
$78,400
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?
Duplex - Both residences are occupied and professionally managed, with tenants responsible for their own utilities.
Where is this duplex located?
The property is located at 1003 N Franklin Street Danville, IL.
What is the asking price?
The asking price for this property is $79,900.
What are key features of this property?
This property features: Brick duplex with both sides currently rented; Professional management in place; Tenants pay all utilities
More about this property
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