Building Details

Year Built 1890

Tenancy Multi

Listing Agency: Fayette County Real Estate

Listed By: Kelly Washburn · License #471002525 Show Phone

Source: Nations-network

Added: Sep 15 Changed: Sep 16 Last Checked: Sep 16 at 1:55AM

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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 Fayette County Real Estate

Investment Insights

Based on property information with market context.

This 2,116-square-foot apartment property, built in 1890, contains seven one-bedroom, one-bathroom units. All units are currently leased, providing an occupied residential income asset. The property also includes a coin-operated laundry area serving residents.

Recent improvements include a new roof installed in 2024 and renovation work completed in Apartment #4. The property is located at 300 E 2nd St in Pana, Illinois. Showings are available by appointment with advance notice.

Key Highlights

• Seven one‑bedroom, one‑bathroom apartment units
• All units currently leased
• 2,116‑square‑foot apartment property built in 1890

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Building Supply Garden Center (Bike/Boat/Book/etc) 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

7

Residential units

100%

Occupancy

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

400

Businesses Nearby

Explore this area Business Placement

Demographics for 62557, IL

6,841

Population

3,338

Households

2

Avg Household Size

45

Median Age

18%

College-Educated

90%

High-School Grad

116.9 sq mi

ZIP Area

59

Density / Sq Mi

$51,769

Median Household Income

$29,878

Median Earnings

$684

Median Rent

$93,600

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 - Fully leased residential property with renovated unit, updated roofing, and shared laundry facilities.

Where is this apartment building located?

The property is located at 300 E 2nd St Pana, IL.

What is the asking price?

The asking price for this property is $179,000.

What are key features of this property?

This property features: Seven one‑bedroom, one‑bathroom apartment units; All units currently leased; 2,116‑square‑foot apartment property built in 1890