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Brick Apartment Building with Five Units
For Sale
$315,000

325 W S 3rd Street, De Land, IL 61839

MULTI_FAMILY - Deland, IL

Property SizeContact for details
Days on Market118

Property Features for 325 W S 3rd Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 7
Bathrooms 6
Full bathrooms 6
Rooms Bedroom 5, Bathroom 3, Bathroom 6, Bedroom 6, Bedroom 4, Bedroom 1, Bathroom 2, Bedroom 3, Bathroom 4, Bedroom 7, Bathroom 5, Bedroom 2, Bathroom 1
Directions From Deland Monticello Rd, turn west onto County Rd 2225 N. The property will be on the left at 325 SW 3rd St.
Subdivision De Land
Standard status Active
APN 04002200000501

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 751

Utilities

Sewer type Septic Tank
Cooling system Heat Pump

Building Details

Year built 1909
Floors in Building 2
Number of units 5
Building materials Brick
Listing Agency: KELLER WILLIAMS-TREC · Keller Williams Realty
Listed By: Mark Waldhoff · License #475
Added: Apr 16 Changed: Aug 3 Last Checked: Aug 11 at 5:06PM
MLS# 12619780

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.

Built in 1909, this brick apartment building has been reimagined from a schoolhouse into a residential property currently featuring five units. Interiors include original character such as high ceilings, exposed brick, and wide hallways, with massive windows providing abundant natural light.

The building also includes an unfinished wing described as additional raw space. That area is presented as flexible for further development, with accommodation for 6 to 8 more units, or potential for an event space in the old gym. The property uses heat pump cooling, and it is served by a septic tank.

With its combination of existing units and additional unfinished space, the layout supports an owner who wants to expand door count or repurpose interior space while keeping the building’s historic framework.

Key Highlights

  • Five existing units plus an unfinished wing with space for 6 to 8 additional units or an event space in the old gym
  • Brick apartment building built in 1909
  • Massive windows and original features including high ceilings, exposed brick, and wide hallways

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Auto Repair Shop Storage Facility (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

5
Residential units

Location Intelligence

Trade Area within ½ mile

25
Businesses Nearby

Demographics for 61839, IL

584
Population
289
Households
2
Avg Household Size
38
Median Age
17%
College-Educated
95%
High-School Grad
32.4 sq mi
ZIP Area
18
Density / Sq Mi
$63,393
Median Household Income
$37,417
Median Earnings
$831
Median Rent
$110,300
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 - Reimagined historic brick building with five units, heat pump HVAC, and septic tank service with an unfinished expansion wing.
Where is this apartment building located?
The property is located at 325 W S 3rd Street De Land, IL.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Five existing units plus an unfinished wing with space for 6 to 8 additional units or an event space in the old gym; Brick apartment building built in 1909; Massive windows and original features including high ceilings, exposed brick, and wide hallways
More about this property
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