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    Effingham, IL
    Multifamily

    Effingham, IL Multifamily Properties for Sale

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    Teutopolis, IL Shumway, IL Altamont, IL Montrose, IL Wheeler, IL Neoga, IL Beecher City, IL Newton, IL
    Acreage Duplex with Outbuildings
    Updated: May 30
    Acreage Duplex with Outbuildings

    9069 E US Highway 40, Effingham, IL 62401

    $174,900
    6.66 AC lot
    6.66‑acre property near Effingham at 9069 E US Highway 40
    Nearly 2,400 square feet configured as two separate living quarters
    Each living area includes a kitchen, laundry area, living space, and bedrooms
    Recreational pond, horse stalls, and multiple outbuildings with electricity
    Built in 1967 and offered as‑is
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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 5 Potential Opportunities for your consideration. Besides 1 Active listings in Effingham, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

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

    Multi-Family and Commercial Investment
    Multi-Family and Commercial Investment

    4211 & 4213 Lake Land Blvd, Mattoon, IL 61938

    Contact for pricing
    53,579 sqft

    19-unit multi-family and commercial property with consistent gross revenue.

    View details
    Student Housing Apartment Building
    Student Housing Apartment Building

    2110 Laker Ave, Mattoon, IL 61938

    Contact for pricing

    Stabilized student housing project built in 1998, anchored by Lake Land Community College in Mattoon, IL.

    View details
    Apartment Building with 56 Units
    Apartment Building with 56 Units

    117 W Polk Ave, Charleston, IL 61920

    Contact for pricing

    For sale, 56-unit apartment property in Charleston, Illinois.

    View details
    Multifamily Apartment Portfolio
    Multifamily Apartment Portfolio

    1301, 1305, 1307,1309 & 1311 Arthur Ave, Charleston, IL 61920

    Contact for pricing

    Portfolio includes five apartment complexes with 31 total studio and one-bedroom units.

    View details

    Effingham, IL Multifamily Properties Market Trends and Statistics

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

    Sale prices for multifamily properties in Effingham, IL average $174,900 — 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

    Duplexes 1

    Demographics Overview

    Population 19K
    Population Growth (5Y) +3.5%
    Median Household Income $76,098
    College Educated 39.5%

    Taxes & Financing

    Tax Rate (average for all types) 6.21%
    Property Tax per SF $98.34 per SF
    Average Loan-to-Value 65.0%

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