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Three-Story Apartment Building
For Sale
$75,000

106 North Chanute Street, Rantoul, IL 61866

Brick multifamily property with basement storage, multiple entry points, and expansion room for additional parking.

Property Size8,250 SF
Lot Size1.65 Acres
Price / SF$9.09
Days on Market204

Property Features for 106 North Chanute Street

General Information

Standard status Active
Size 8,250 SF
Lot size 1.65 Acres
Property subtype Multi Family 5+ / Multi Family 5+-Other

Additional Details

Road Access Yes

Taxes and HOA fees

Annual Taxes $777

Building Details

Year Built 1924
Buildings 1
Stories 3
Construction all-brick
Listing Agency: eXp Realty,LLC-Cha
Listed By: Rick Wilberg · License #475126832
Source: Compass
Added: Feb 8 Changed: Aug 30 Last Checked: Aug 30 at 2:07PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty,LLC-Cha

Investment Insights

Based on property information with market context.

Built in 1924, this three-story, all-brick apartment building includes a basement and approximately 8,250 square feet of interior space. The layout contains 28 rooms, 10 bathrooms, and numerous storage closets, providing a substantial existing configuration for multifamily use or future repositioning. A circular drive serves entrances from both North Chanute Street and Grove, while the 1.65-acre site includes parking with additional area available for expansion.

The property is located at 106 North Chanute Street in Rantoul, near shopping and schools. Its former use as the Annabel Huling Home for Children is part of the building's history.

Key Highlights

  • Approximately 8,250 square feet across a three‑story, all‑brick building
  • 28 rooms and 10 bathrooms, plus a basement and multiple storage closets
  • 1.65‑acre site with existing parking and room for more

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Dental Office Real Estate Agency Law Firm Electrical Service Gym & Fitness Center HVAC Service

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

Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

449
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

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 - Brick multifamily property with basement storage, multiple entry points, and expansion room for additional parking.
Where is this apartment building located?
The property is located at 106 North Chanute Street Rantoul, IL.
What is the asking price?
The asking price for this property is $75,000.
What are key features of this property?
This property features: Approximately 8,250 square feet across a three‑story, all‑brick building; 28 rooms and 10 bathrooms, plus a basement and multiple storage closets; 1.65‑acre site with existing parking and room for more
More about this property
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