Historic Schoolhouse Multifamily
For Sale
$315,000
325 W S 3rd Street, De Land, IL 61839
MULTI_FAMILY - Deland, IL
Days on Market108
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 1, Bathroom 4, Bedroom 4, Bedroom 2, Bedroom 3, Bathroom 1, Bathroom 5, Bathroom 3, Bathroom 6, Bathroom 2, Bedroom 5, Bedroom 7, Bedroom 6
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
(217) 356-6100
Listed By:
Mark Waldhoff · License #475
(217) 356-6100
Added: Apr 16
Changed: Jul 30
Last Checked: Aug 1 at 6:06AM
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.
This property presents a unique opportunity to own a piece of local history. The building, a former schoolhouse, has been reimagined, blending early 20th-century architecture with modern residential comforts. The property currently features five units with high ceilings, exposed brick, and wide hallways. The property includes an unfinished wing with thousands of square feet of raw space that could accommodate 6 to 8 more units, or an event space. The property is located in Deland, IL.
Key Highlights
- Brick construction with year built 1909
- Cooling/heat: heat pump
- Served by septic tank sewer
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
25
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Unique multifamily property with expansion potential in historic schoolhouse.
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: Brick construction with year built 1909; Cooling/heat: heat pump; Served by septic tank sewer
