Groveland, IL Multifamily properties for sale

Updated: May 13, 2025

Mixed-Use Building with Apartments

19478 SPRINGFIELD Road, Groveland, IL 61535

$564,900

2 residential apartments plus 3 commercial units
Fully occupied with long‑term tenants and leases
9.07% cap rate
Built in 1979 with partial brick and wood siding
Forced‑air heating with zoned cooling and central air

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Updated: Jul 13

Mixed-Use Building with Long-Term Tenants

19478 Springfield Road, Groveland, IL 61535

$564,900

6,200 sqft

Mixed‑use building built in 1979 with 2 residential apartments and 3 commercial units
Fully occupied with long‑term tenants and long‑term leases in place
In‑place NOI of $51,216 and gross income of $62,556
Stated 9.07% cap rate with minimal landlord responsibilities

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Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Groveland, 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.

One-Level Four-Unit Quadplex

120 Linden St, East Peoria, IL 61611

$195,000

2,000 sqft

Tenant-paid utilities support a straightforward operating structure across the residential property.

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Two-Level Mixed-Use Property

350 RUSCHE Street, Creve Coeur, IL 61610

$175,000

The layout combines two ground-floor commercial suites with two separate apartments above.

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219-Unit Multifamily Community

501 West Washington Street, East Peoria, IL 61611

Contact for pricing

Contemporary residences include full-size laundry appliances, quartz counters, and access to shared indoor and outdoor amenities.

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Five-Unit Apartment Building

910 Pekin Avenue, Creve Coeur, IL 61610

$120,000

Multi-unit property offers a mixed one- and two-bedroom layout, shared laundry, and one vacancy ready for updates.

View details

Groveland, IL Multifamily Properties Market Trends and Statistics

Explore 2 multifamily properties for sale in Groveland, IL on our real estate platform. These investment opportunities span a total of 6,200 square feet of properties for sale, with an estimated market value of $1,129,800.

Sale prices for multifamily properties in Groveland, IL average $564,900 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Neighborhood	Average Price
61535	$564.9K

Neighborhood

Average Price

61535

$564.9K

Groveland, IL Multifamily Properties for Sale

19478 SPRINGFIELD Road, Groveland, IL 61535

19478 Springfield Road, Groveland, IL 61535