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Three-Unit Multifamily Property
New
For Sale
$65,000

514 E Main Street, Hoopeston, IL 60942

MULTI_FAMILY - Hoopeston, IL

Property SizeContact for details
Days on Market2

Property Features for 514 E Main Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 5
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 1, Bathroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bathroom 3, Basement, Bathroom 2, Bedroom 5
Parking 3
Basement Unfinished, Partial
Elementary school district 11
Middle school district 11
High school district 11
Directions East on Main St on the left. J
Subdivision Hoopeston
Standard status Active
APN 03121210040000

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 739

Utilities

Sewer type Public Sewer
Heating system Electric (Heating), Natural Gas
Water source Public

Building Details

Building materials Vinyl Siding
Listing Agency: eXp Realty-Champaign
Listed By: J Leman · License #475184798
Added: Aug 12 Last Checked: Aug 13 at 4:06AM
MLS# 12731205

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 three-unit multifamily property includes five bedrooms, three bathrooms, and a basement. Vinyl siding provides the exterior finish, while heating is supplied through electric and natural gas systems.

The property is served by public water and public sewer, supporting its residential configuration. Its three-unit layout offers a defined multifamily format within Hoopeston, Illinois.

Key Highlights

  • Three‑unit multifamily property
  • Five bedrooms and three bathrooms
  • Basement included

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Parking Lot & Garage Law Firm HVAC Service Big Box & Wholesale Store Auto Parts Store (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

3
Residential units

Location Intelligence

Trade Area within ½ mile

234
Businesses Nearby

Demographics for 60942, IL

5,731
Population
2,753
Households
2.1
Avg Household Size
43
Median Age
9%
College-Educated
88%
High-School Grad
115.3 sq mi
ZIP Area
50
Density / Sq Mi
$55,284
Median Household Income
$36,363
Median Earnings
$806
Median Rent
$70,000
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Multifamily asset with three residential units, a basement, and public water and sewer service.
Where is this triplex located?
The property is located at 514 E Main Street Hoopeston, IL.
What is the asking price?
The asking price for this property is $65,000.
What are key features of this property?
This property features: Three‑unit multifamily property; Five bedrooms and three bathrooms; Basement included
More about this property
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