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Apartment Building with Gymnasium

352 FRANKLIN Street, Jacksonville, IL 62650

For Sale
$415,000

Residential Income, Jacksonville, IL

Property SizeContact for details
Lot Size4.22 Acres
Days on Market429

Property Features for 352 FRANKLIN Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 4
Bathrooms 4
Full bathrooms 4
Rooms Bedroom 1, Bathroom 3, Bedroom 4, Bedroom 3, Bathroom 1, Bedroom 2, Bathroom 2, Bathroom 4
Parking 20
Parking features Oversize
Basement Finished, Full
Lot features Extra Lot
High school Jacksonville District #117
Directions From Morton, turn right onto S Clay Ave, left onto Franklin St. Destination will be on the right
Standard status Active
APN 09-21-311-027
Lot size 4.22 Acres

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Tax Year 2024
Tax Description RNG/BLK: TWP:0 SECT/LOT: CITY OF JACKSONVILLE OWENS SUBDIVISION LTS 1 THRU 6 INCL DOCKET NO 7669-2 A
Tax Annual Amount 5399
Legal Description RNG/BLK: TWP:0 SECT/LOT: CITY OF JACKSONVILLE OWENS SUBDIVISION LTS 1 THRU 6 INCL DOCKET NO 7669-2 A

Utilities

Heating system Hot Water(Heating)
Water source Public

Amenities

gymnasium
locker rooms
kitchen
bathrooms
auditorium

Building Details

Year built 1939
Number of units 6
Building materials Brick
Listing Agency: The Real Estate Group, Inc.
Listed By: Clayton Yates · License IL #475160796
Added: Sep 12, 2025 Changed: Nov 12 Last Checked: Nov 14 at 12:06AM
MLS# CA1039190

Copyright © 2026 RMLS Alliance. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

This brick apartment building occupies a 4.22-acre site and includes tenant-occupied residential units on the main floor. The lower level adds a full gymnasium, locker rooms, an auditorium, kitchen, and bathrooms, with commercial zoning in that portion of the property. The building was constructed in 1939 and is served by hot water heating and public water.

An oversized parking area supports the property, while the existing mix of residential rooms and larger gathering or activity spaces provides a broad physical configuration. The room inventory includes four bedrooms and four bathrooms. Appliances are negotiable, and a detailed floorplan is available to clarify the interior arrangement.

Key Highlights

  • 4.22‑acre apartment property at 352 FRANKLIN Street, Jacksonville, IL 62650
  • Main floor includes tenant‑occupied residential units
  • Lower level has commercial zoning, a full gymnasium, locker rooms, auditorium, kitchen, and bathrooms

Property Analytics

Who owns this building? See the owner, sales and loan history
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Current Use

Apartment buildings

Location Intelligence

Trade Area within ½ mile

739
Businesses Nearby

Demographics for 62650, IL

24,891
Population
11,213
Households
2.2
Avg Household Size
42
Median Age
26%
College-Educated
89%
High-School Grad
197.8 sq mi
ZIP Area
126
Density / Sq Mi
$64,137
Median Household Income
$40,101
Median Earnings
$705
Median Rent
$142,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Former school property combines occupied residential units with a commercially zoned lower level and oversized parking.
Where is this apartment building located?
The property is located at 352 FRANKLIN Street Jacksonville, IL.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: 4.22‑acre apartment property at 352 FRANKLIN Street, Jacksonville, IL 62650; Main floor includes tenant‑occupied residential units; Lower level has commercial zoning, a full gymnasium, locker rooms, auditorium, kitchen, and bathrooms
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