Multifamily Development
For Sale
Contact for pricing
640 PENFIELD Street N, Rantoul, IL 61866
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 Market96
Property Features for 640 PENFIELD Street N
General Information
Standard status
Active
Lot size
7.52 Acres
Property subtype
Land, Multifamily
Zoning
MULTI
Additional Details
Road Access
Yes
Listing Agency:
Realty 2000 Inc.
Listed By:
Herman Foga · License #IL
Source:
Crexi
Added: May 6
Changed: Aug 8
Last Checked: May 8 at 9:55AM
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.
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
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
279
Businesses Nearby
Explore this area
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
