Multifamily

Homer, IL Multifamily Properties for Sale

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Ogden, IL Saint Joseph, IL Philo, IL Sidell, IL Urbana, IL Longview, IL Catlin, IL Oakwood, IL
Two-Unit Duplex with Detached Garage
Updated: Sep 24
Two-Unit Duplex with Detached Garage

401 S Main Street, Homer, IL 61849

$152,000
Two apartments, each approximately 1,224 square feet
First‑floor unit: 2 bedrooms, 1 bathroom, 10‑foot ceilings, hardwood floors, and original woodwork
Upper unit: 3 bedrooms, 1 bathroom, and an enclosed porch
In‑unit washers and dryers; separate furnaces and water heaters for each apartment
Detached two‑car garage with one parking space per unit
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1 active listing matches your search: Multifamily for sale in Homer, IL. Based on your search, we've also compiled 4 Potential Opportunities for your consideration: 4 properties in nearby cities.

Opportunities in Nearby Cities

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

Multifamily Property with Townhouses
Multifamily Property with Townhouses

705 E Colorado Avenue, Urbana, IL 61801

$2,500,000
1 building  Built 1977  0.87 acres
Transit access

The rental community offers varied apartment and townhouse layouts, secured entry, and off-street parking.

Secured entry  Fiberoptic internet access
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Restaurant and Residential Building
Restaurant and Residential Building

10 E CHESTER ST, Champaign, IL 61820

Contact for pricing
7,000 sqft  Built 1915 / renov 2015

Two-level property combines an established restaurant with a large two-bedroom residential unit.

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Updated Condo with Modern Amenities
Updated Condo with Modern Amenities

1310 Brighton Drive #1310, Urbana, IL 61801

$125,000

Move-in ready 3-bedroom condo with recent updates and convenient location.

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Multifamily Property with Rear Efficiency
Multifamily Property with Rear Efficiency

212 W John St, Champaign, IL 61820

$225,000
Built 1947

The two-story main residence includes six bedrooms, two kitchens, and shared laundry space.

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Homer, IL Multifamily Properties Market Trends and Statistics

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

Sale prices for multifamily properties in Homer, IL average $152,000 — 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 1,882
Population Growth (5Y) -5.9%
Median Household Income $95,000
College Educated 22.2%

High-Yield Neighborhoods for Investment

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

Neighborhood Average Price
61849 $152K

Taxes & Financing

Tax Rate (average for all types) 7.93%
Property Tax per SF $92.67 per SF
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Champaign County

New Delisted

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