Multifamily

Chester, IL Multifamily Properties for Sale

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Ellis Grove, IL Rockwood, IL Walsh, IL
Mixed-Use Retail and Apartment Building
Updated: Dec 29, 2025
Mixed-Use Retail and Apartment Building

104-106 W Stacey Street, Chester, IL 62233

$180,000
0.07 AC lot
Frager Building built in 1920 with brick construction and natural gas heating
Street level includes a barber shop plus a second storefront currently used for retail/ice cream
Income‑producing building with 5 one‑bed, one‑bath apartments above the storefronts
One apartment needs renovation and is not currently rented; remaining apartments stay rented with positive cash flow
Full basement with outside access, providing additional usable space for potential uses
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Based on your search, we've compiled 14 Potential Opportunities for your consideration. Besides 1 Active listings in Chester, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 5 Off-Market properties to explore as potential leads, 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.

State-Licensed Mobile Home Park
State-Licensed Mobile Home Park

111 Devan Drive, Murphysboro, IL 62966

$849,000
0.63 AC lot

Established, income-producing mobile home park with state-permitted room for additional doublewide sites.

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Mobile Home Park with Lagoon System
Mobile Home Park with Lagoon System

111 Devan Drive, Murphysboro, IL 62966

$849,000
8.80 AC lot

Mobile home park on 8.8 acres with eight double-wide homes, storage buildings, parking, and an existing lagoon system.

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Four-Home Residential Income Property
Four-Home Residential Income Property

909 W SYCAMORE Street, Carbondale, IL 62901

$149,900
3,200 sqft · 0.70 AC lot

Four single-family homes on one lot, with two units currently leased and dedicated parking for each home.

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Carbondale Duplex For Sale
Carbondale Duplex For Sale

610 W Cherry Street 2, Carbondale, IL 62901

$59,900

Up/down duplex with three bedrooms in each unit.

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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.

Residential Lot in Park Hills
Residential Lot in Park Hills

226 N Large Street, Park Hills, MO 63601

Contact for pricing
0.26 AC lot

Corner lot suitable for building or mobile home placement.

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Ozark Land with Creek Frontage
Ozark Land with Creek Frontage

Madsion CR 410 (116), Fredericktown, MO 63645

$34,995
1.65 AC lot

1.65+/- acre property with Twelve Mile Creek frontage.

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Heavily Wooded Corner Land Tract
Heavily Wooded Corner Land Tract

Hidden Valley Lakes lot: Ee&Ee(S), Annapolis, MO 63620

$52,000
8.89 AC lot

Corner access tract with level, lightly cleared area for RV, tiny, or mobile use within a wooded setting.

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Commercial Land Development Parcel
Commercial Land Development Parcel

17039 Hillside Lane, Jerseyville, IL 62052

$70,000
2.10 AC lot

Roughly two acres off Route 67 with utilities in place and an existing concrete pad for flexible development uses.

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Off-Market Properties in Chester, IL

Consider similar Off-Market properties in Chester, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

831 Lehmen Dr
APARTMENT HOUSE (5+ UNITS)

831 Lehmen Dr, Chester, IL 62233-1279

Value Estimation by Request
View details
1508 Hyland Rd, Unit 1510
APARTMENT HOUSE (5+ UNITS)

1508 Hyland Rd, Chester, IL 62233-1243

Unit 1510
Value Estimation by Request
View details
647 State St
APARTMENT HOUSE (5+ UNITS)

647 State St, Chester, IL 62233-1678

Value Estimation by Request
View details
982 State St
APARTMENT HOUSE (5+ UNITS)

982 State St, Chester, IL 62233-1652

Value Estimation by Request
0.24 AC lot
View details
1414 Ct St 1416th Ct St
APARTMENT HOUSE (5+ UNITS)

1414 Ct St 1416th Ct St, Chester, IL 62233

Value Estimation by Request
1.89 AC lot
View details

Chester, IL Multifamily Properties Market Trends and Statistics

Explore 6 multifamily properties for sale in Chester, IL on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $180,000.

Sale prices for multifamily properties in Chester, IL start at $180,000, averaging $180,000, and reaching up to $180,000 — 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 8,233
Population Growth (5Y) -15.0%
Median Household Income $78,333
College Educated 10.4%

High-Yield Neighborhoods for Investment

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

Neighborhood Average Price
62233 $180K

Taxes & Financing

Tax Rate (average for all types) 6.93%
Tax Rate vs County Average 0.07 pp above county avg
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Randolph County

New Delisted

Total CRE Inventory on Market (SF)

Average Property Price per SF

For-sale pricing trends across core commercial property types in Randolph County

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