Multifamily Development
640 PENFIELD Street N, Rantoul, IL 61866
For Sale
$189,000
7.52 acres zoned R-4 General Multifamily Residential, located at the north edge of Rantoul.
Property SizeContact for details
Lot Size7.52 Acres
Days on Market188
Property Features for 640 PENFIELD Street N
General Information
Standard status
Lot size
Property subtype
Zoning
Additional Details
Road Access
Listing Agency:
REALTY 2000,INC
Listed By:
Herman Fogal · License #475098977
(217) 840-1941
Source:
Theangelaroderickteam.kw
Added: May 6
Changed: Nov 6
Last Checked: Nov 8 at 2:34AM
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 REALTY 2000,INC
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Investment Insights
Based on property information with market context.
This offering consists of 7.52 acres of development land zoned R-4 General Multifamily Residential District. The property is currently being farmed by a local farmer.
City roads and streets run along the north and west sides, providing straightforward access from surrounding public right-of-way. Public utilities are listed as being nearby.
The land is positioned on the north edge of Rantoul, offering a multifamily-zoned site for development planning within the R-4 district.
City roads and streets run along the north and west sides, providing straightforward access from surrounding public right-of-way. Public utilities are listed as being nearby.
The land is positioned on the north edge of Rantoul, offering a multifamily-zoned site for development planning within the R-4 district.
Key Highlights
- 7.52‑acre development land zoned R‑4 general multifamily residential district
- Located at the north edge of Rantoul, on city roads with access on the north and west sides
- Public utilities are nearby
Property Analytics
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Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
151
Businesses Nearby
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Business Placement
Demographics for 61866, IL
13,459
Population
6,280
Households
2.1
Avg Household Size
37
Median Age
13%
College-Educated
91%
High-School Grad
80.0 sq mi
ZIP Area
168
Density / Sq Mi
$51,389
Median Household Income
$38,439
Median Earnings
$892
Median Rent
$111,900
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - 7.52 acres zoned R-4 General Multifamily Residential, located at the north edge of Rantoul.
Where is this residential land & home lot located?
The property is located at 640 PENFIELD Street N Rantoul, IL.
What is the asking price?
The asking price for this property is $189,000.
What are key features of this property?
This property features: 7.52‑acre development land zoned R‑4 general multifamily residential district; Located at the north edge of Rantoul, on city roads with access on the north and west sides; Public utilities are nearby
