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    De Land, IL
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    De Land, IL Multifamily Properties for Sale

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    De Witt, IL Dewitt, IA Farmer City, IL Monticello, IL Seymour, IL Fisher, IL Mahomet, IL Bement, IL
    Historic Schoolhouse Multifamily Opportunity
    Updated: Apr 16
    Historic Schoolhouse Multifamily Opportunity

    De Land, IL 61839

    $315,000
    Brick construction with year built 1909
    Cooling/heat: heat pump
    Served by septic tank sewer
    Currently configured as a 5‑unit building
    Features original details including high ceilings, exposed brick, and wide hallways
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in De Land, 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.

    Union Street Duplex Investment
    Union Street Duplex Investment

    1615-1617 West Union Street, Champaign, IL 61821

    $320,000
    2,260 sqft

    Two attached units on West Union include attached 1-car garages, eat-in kitchens with deck access, and in-unit laundry closets.

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    Operating Motel with 19 Units
    Operating Motel with 19 Units

    3420 N 22nd St, Decatur, IL 62526

    Contact for pricing
    1.57 AC lot

    Operating Tri-Manor Motel offers 19 units with a lobby on a 1.57-acre parcel along Illinois Route 48.

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    26-Space Mobile Home Park
    26-Space Mobile Home Park

    3760 E William Street Rd, Decatur, IL 62521

    $545,000

    Mobile home park with income and growth potential.

    View details
    Multifamily Apartment Community
    Multifamily Apartment Community

    2106 W White St, Champaign, IL 61821

    Contact for pricing

    Market-rate multifamily community with over 500 units and an active renovation program, including a newly built clubhouse.

    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.

    University Park Developable Land
    University Park Developable Land

    976 Mesa Court, University Park, IL 60484

    Contact for pricing
    3.20 AC lot

    3.2 acres with 24 concrete housing pads in University Park.

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    Wooded Homesite in Wheatfield, Indiana
    Wooded Homesite in Wheatfield, Indiana

    4418 Oakland Court, Wheatfield, IN 46392

    Contact for pricing
    0.57 AC lot

    Spacious, wooded 0.57-acre lot in established neighborhood.

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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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    Land For Sale, Lakemoor, IL
    Land For Sale, Lakemoor, IL

    27 Oyster Bay, Lakemoor, IL 60051

    Contact for pricing
    0.12 AC lot

    Commercial land available in Lakemoor, Illinois.

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    De Land, IL Multifamily Properties Market Trends and Statistics

    Explore 1 multifamily properties for sale in De Land, IL on our real estate platform.

    Sale prices for multifamily properties in De Land, IL average $315,000 — 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 648
    Population Growth (5Y) +6.2%
    Median Household Income $63,393
    College Educated 25.9%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    61839 $315K

    Taxes & Financing

    Tax Rate (average for all types) 8.20%
    Tax Rate vs County Average 1.04 pp above county avg
    Average Loan-to-Value 65.0%

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