Fully Occupied Apartment
For Sale
$179,000
300 E 2nd Street, Pana, IL 62557
Residential Income, Pana, IL
Property Size2,116 SF
Lot Size0.26 Acres
Price / SF$84.59
Days on Market66
Property Features for 300 E 2nd Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Appliances
Electric Water Heater
Subdivision
Railroad Add
Elementary school
PANA DIST 8
Middle school
PANA DIST 8
High school
Pana
Elementary school district
PANA DIST 8
Middle school district
PANA DIST 8
High school district
PANA DIST 8
Standard status
Active
APN
11-25-22-104-007-00
Size
2,116 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2571
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Ceiling Fan(s), Window Unit(s)
Water source
Public
Amenities
coin-operated laundry
Building Details
Year built
1890
Number of units
7
Listing Agency:
Fayette County Real Estate
(618) 283-1776
Listed By:
Kelly Washburn · License #471002525
(618) 322-5127
Added: Jul 6
Changed: Sep 5
Last Checked: Sep 9 at 1:06AM
MLS# 25019756
Copyright © 2026 Mid America Regional Information Systems, Inc. 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 apartment building contains seven one-bedroom, one-bathroom units, with all residences currently leased. Apartment #4 has been renovated, and a coin-operated laundry area adds an on-site tenant amenity. The property includes a new roof installed in 2024, forced-air heating powered by natural gas, ceiling fans, and window unit cooling.
Located at 300 E 2nd Street in Pana, Illinois, the property sits on a 0.2571-acre lot and includes public water and public sewer service. The building was constructed in 1890 and has 2,116 square feet of property area. An electric water heater is also present.
Located at 300 E 2nd Street in Pana, Illinois, the property sits on a 0.2571-acre lot and includes public water and public sewer service. The building was constructed in 1890 and has 2,116 square feet of property area. An electric water heater is also present.
Key Highlights
- Seven one‑bedroom, one‑bathroom apartments, all currently leased
- New roof installed in 2024
- Renovated Apartment #4
Property Analytics
Property Profile
Current Use
Lease Details
7
Residential units
100%
Occupancy
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - The building offers one-bedroom residences, a renovated apartment, and coin-operated laundry for occupants.
Where is this apartment building located?
The property is located at 300 E 2nd Street 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 apartments, all currently leased; New roof installed in 2024; Renovated Apartment #4
