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    Groveland, IL Multifamily Properties for Sale

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    Morton, IL Pekin, IL Tremont, IL East Peoria, IL Peoria, IL Creve Coeur, IL Washington, IL Bartonville, IL
    Mixed-Use Building with Apartments
    Updated: May 13, 2025
    Mixed-Use Building with Apartments

    19478 SPRINGFIELD Road, Groveland, IL 61535

    $565,000
    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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    Mixed-Use Building with Long-Term Tenants
    Updated: Jul 13
    Mixed-Use Building with Long-Term Tenants

    19478 Springfield Road, Groveland, IL 61535

    $565,000
    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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    See what stands out in Tazewell County

    We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

    We check every listing here. A few are worth a second look.

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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.

    Mixed-Use Building with Apartments
    Mixed-Use Building with Apartments

    220 & 222 Meadow Avenue, East Peoria, IL 61611

    $280,000
    5,500 sqft

    The property combines residential apartments with commercial space in one building.

    View details
    Three-Home Triplex Property
    Three-Home Triplex Property

    126 MOSCHEL Street, East Peoria, IL 61611

    $199,900
    0.47 AC lot

    Three rented residences include a two-bedroom ranch and two one-bedroom cottages with basement space.

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    Renovated Triplex with Laundry Hookups
    Renovated Triplex with Laundry Hookups

    916 S CREVE COEUR Avenue, Creve Coeur, IL 61610

    $175,000

    Three two-bedroom units offer central air, updated interiors, and individual laundry hookups.

    View details
    Renovated Three-Unit Triplex
    Renovated Three-Unit Triplex

    916 S Creve Coeur Avenue #A-C, Creve Coeur, IL 61610

    $175,000

    Updated interiors include laundry hookups in each unit, with ownership covering water, sewer, and garbage.

    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 $1,130,000.

    Sale prices for multifamily properties in Groveland, IL average $565,000 — 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

    Duplexes 1

    Demographics Overview

    Population 1,906
    Population Growth (5Y) +12.3%
    Median Household Income $138,594
    College Educated 47.7%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    61535 $565K

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Tazewell County

    New Delisted

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