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    Ellis Grove, IL
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    Ellis Grove, IL Multifamily Properties for Sale

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    Walsh, IL Evansville, IL Ste Genevieve, MO Chester, IL Saint Mary, MO Ruma, IL Steeleville, IL Red Bud, IL
    Well-Maintained 4-Plex Residence
    Updated: May 1
    Well-Maintained 4-Plex Residence

    100 N State Street, Ellis Grove, IL 62241

    $425,000
    2,000 sqft 0.46 AC lot
    Well‑maintained 4‑plex with two 2‑bed, 1‑bath units plus two additional 2‑bed, 1‑bath units
    New metal roof scheduled for 2026; heating and cooling systems are about 5 years old
    Each unit offers a covered carport space that fits two vehicles, with porch‑style seating space
    Units are month‑to‑month; long‑term tenants in two units and seller resides in one unit
    Ranch‑style buildings with open floorplan; public utilities include public water
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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 10 Potential Opportunities for your consideration. Besides 1 Active listings in Ellis Grove, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 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.

    Mixed-Use Multifamily and Retail Building
    Mixed-Use Multifamily and Retail Building

    110-104 N Jackson St, Perryville, MO 63775

    $3,030,000
    20,000 sqft

    Mixed-use property with eight residential units and four leased commercial storefronts, totaling over 20,000 square feet.

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    Turnkey Historic Brick Office Building
    Turnkey Historic Brick Office Building

    23/25/27 W Saint Joseph Street, Perryville, MO 63775

    $1,150,000

    Fully restored 1859 brick building with updated HVAC including central air and mini-splits, plus multiple income-producing spaces.

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    Turn-Key 5-Unit Income Property
    Turn-Key 5-Unit Income Property

    319/321 E COLLEGE Street, Carbondale, IL 62901

    Contact for pricing

    Five residential units across two buildings with three 3BR/1.5BA units and additional leased and ready-to-rent units.

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    Carbondale Duplex For Sale
    Carbondale Duplex For Sale

    610 W Cherry Street 2, Carbondale, IL 62901

    Contact for pricing

    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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    Wooded Corner Recreational Land Tract
    Wooded Corner Recreational Land Tract

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

    $52,000
    8.89 AC lot

    Heavily wooded corner lot in a residentially zoned development with a level, lightly cleared area.

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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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    Commercial Land with Road Frontage
    Commercial Land with Road Frontage

    3711 Olivet Church Road, Paducah, KY 42001

    $799,000

    6.81 acres with 155 feet of road frontage plus on-site buildings, offering flexibility for multiple development concepts.

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    Off-Market Properties in Ellis Grove, IL

    Consider similar Off-Market properties in Ellis Grove, 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.

    310 1st St
    APARTMENT HOUSE (5+ UNITS)

    310 1st St, Ellis Grove, IL 62241-1438

    Value Estimation by Request
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    Ellis Grove, IL Multifamily Properties Market Trends and Statistics

    Explore 2 multifamily properties for sale in Ellis Grove, IL on our real estate platform. These investment opportunities span a total of 2,000 square feet of properties for sale, with an estimated market value of $425,000.

    Sale prices for multifamily properties in Ellis Grove, IL average $425,000 — 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

    Quadplexes 1

    Demographics Overview

    Population 891
    Population Growth (5Y) -9.9%
    Median Household Income $81,429
    College Educated 13.9%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    62241 $425K

    Taxes & Financing

    Tax Rate (average for all types) 5.97%
    Tax Rate vs County Average 0.90 pp below 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)

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