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Five-Unit Historic Apartment Building
For Sale
$315,000

325 W South 3rd Street, De Land, IL 61839

Reimagined interiors retain exposed brick, high ceilings, wide hallways, and large windows.

Property SizeContact for details
Days on Market143

Property Features for 325 W South 3rd Street

General Information

Standard status Active
Property subtype Multi-Family

Additional Details

Multifamily Units 5

Amenities

Heat Pump
Electric Water Heater

Building Details

Year Built 1909
Buildings 1
Stories 2
Listing Agency: KELLER WILLIAMS-TREC
Listed By: Mark Waldhoff · License #475
Source: Kw
Added: Apr 18 Changed: Sep 6 Last Checked: Sep 6 at 2:19PM

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 KELLER WILLIAMS-TREC

Investment Insights

Based on property information with market context.

Built in 1909, this apartment building combines early 20th-century architectural elements with updated residential interiors. The property currently contains five units featuring large windows, high ceilings, exposed brick, and wide hallways. Heat pump systems and electric water heaters are included among the interior features.

An unfinished wing adds thousands of square feet of raw space for further development. The existing layout is described as accommodating 6 to 8 additional units, with the former gym also identified as a potential event space. The property is located at 325 W South 3rd Street in Deland, Illinois, and offers a distinctive adaptive-reuse configuration for multifamily ownership.

Key Highlights

  • Five existing apartment units
  • Built in 1909 with early 20th‑century architectural character
  • Thousands of square feet of unfinished raw space in the additional wing

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

33
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 interiors retain exposed brick, high ceilings, wide hallways, and large windows.
Where is this apartment building located?
The property is located at 325 W South 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 apartment units; Built in 1909 with early 20th‑century architectural character; Thousands of square feet of unfinished raw space in the additional wing
More about this property
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