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    Aledo, IL Multifamily Properties for Sale

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    Keithsburg, IL New Boston, IL Illinois City, IL
    Aledo Restaurant Location with Apartments
    $250,000
    3,600 SF
    Aledo Restaurant Location with Apartments

    213 S College Avenue, Aledo, IL 61231

    Historic downtown Aledo restaurant with apartments for sale.
    • Prime location in the heart of historic downtown Aledo, across from Central Park, a hub for festivals and events.
    • High‑traffic area attracting locals, travelers, and visitors.
    • Proximity to the new movie theater, creating a pre‑movie dining opportunity.
    • Three upstairs apartments offer potential for additional revenue.
    • Two combined buildings provide approximately 3,600 SqFt on the main level.
    Updated: May 12
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    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Aledo, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Rock Island Apartment Community
    $2,900,000
    42,000 SF
    Rock Island Apartment Community

    48-unit apartment community in Rock Island, Illinois.

    1103 25th Street, Rock Island, IL 61201

    View details
    Turnkey Multifamily Property in Rock Island
    $79,900
    1,407 SF
    Turnkey Multifamily Property in Rock Island

    Fully occupied duplex with recent upgrades and positive cash flow.

    1600 9TH Street, Rock Island, IL 61201

    View details
    Monmouth Multifamily Investment Opportunity
    $140,000
    Monmouth Multifamily Investment Opportunity

    Five-unit multifamily property in Monmouth, Illinois with value-add potential.

    211 W Broadway, Monmouth, IL 61462

    View details
    Monmouth Multifamily Investment Opportunity
    $240,000
    Monmouth Multifamily Investment Opportunity

    Ten-unit multifamily property in Monmouth, Illinois with value-add potential.

    315 N 1st St, Monmouth, IL 61462

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Unrestricted Land Near Route 67
    $70,000
    2.10 Acres
    Unrestricted Land Near Route 67

    2.1 acres with boundless possibilities near Jerseyville and Godfrey.

    17039 Hillside Lane, Jerseyville, IL 62052

    View details
    Residential Lot in Wellsville, MO
    Contact for pricing
    0.17 Acres
    Residential Lot in Wellsville, MO

    Ready-to-build residential lot in a charming small town.

    412 Washington Street, Wellsville, MO 63384

    View details
    Land For Sale, Lakemoor, IL
    Contact for pricing
    0.12 Acres
    Land For Sale, Lakemoor, IL

    Commercial land available in Lakemoor, Illinois.

    27 Oyster Bay, Lakemoor, IL 60051

    View details
    University Park Developable Land
    Contact for pricing
    3.20 Acres
    University Park Developable Land

    3.2 acres with 24 concrete housing pads in University Park.

    976 Mesa Court, University Park, IL 60484

    View details

    Aledo, IL Multifamily Properties Market Trends and Statistics

    Explore 1 multifamily properties for sale in Aledo, IL on our real estate platform. These investment opportunities span a total of 3,600 square feet of properties for sale, with an estimated market value of $250,000.

    Sale prices for multifamily properties in Aledo, IL start at $250,000, averaging $250,000, and reaching up to $250,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Apartment buildings 1

    Demographics Overview

    Population 4,958
    Population Growth (5Y) -4.9%
    Median Household Income $66,389
    College Educated 28.7%

    High-Yield Neighborhoods for Investment

    Identify Aledo submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    61231 $250K

    Taxes & Financing

    Tax Rate (average for all types) 8.81%
    Tax Rate vs County Average 0.26 pp above county avg
    Average Loan-to-Value 65.0%

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