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    Jacksonville, IL Multifamily Properties for Sale

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    Apartment Building with Gymnasium
    Updated: Sep 12, 2025
    Apartment Building with Gymnasium

    352 FRANKLIN Street, Jacksonville, IL 62650

    $450,000
    4.22 AC lot
    4.22‑acre lot for residential and commercial‑compatible space
    Lower level includes a full gymnasium and locker rooms
    Main floor has tenant‑occupied residential units
    Includes an auditorium and kitchen and bathroom spaces
    Brick construction with concrete flooring and composition roof
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    Apartment Building with Gymnasium
    Updated: Sep 12, 2025
    Apartment Building with Gymnasium

    352 FRANKLIN Street, Jacksonville, IL 62650

    $450,000
    4.22 AC lot
    4.22‑acre lot with brick apartment building built in 1939
    Main floor is residential‑zoned and includes tenant‑occupied units
    Lower level includes a complete gymnasium and locker rooms
    Commercial zoning on the lower level with auditorium and versatile interiors
    On‑site oversize parking
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    Unique Multifamily Asset in Jacksonville
    Unique Multifamily Asset in Jacksonville

    500 W State St, Jacksonville, IL 62650

    $2,800,000

    58-unit multifamily property with distinctive architectural character in Jacksonville, Illinois.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Duplex with Shared Garage Access
    Duplex with Shared Garage Access

    6 EISENHOWER Drive A and B, Jacksonville, IL 62650

    $199,000
    2,032 sqft

    Well-maintained duplex with two 2-bedroom 1.5-bath units, shared two-car garage access, and updated HVAC.

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    Based on your search, we've compiled 12 Potential Opportunities for your consideration. Besides 4 Active listings in Jacksonville, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, 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.

    Brick-Front Duplex with Oversized Garage
    Brick-Front Duplex with Oversized Garage

    2410 Asheville Drive, Springfield, IL 62711

    $240,000
    1,612 sqft

    Quiet cul-de-sac setting with updated exterior elements and flexible interior space.

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    Modern 3-Bed Duplex Home
    Modern 3-Bed Duplex Home

    3418 Telford Drive, Springfield, IL 62711

    $380,000
    2,717 sqft

    Modern 2019-built duplex with three bedrooms, three full baths, and a finished basement plus fenced backyard.

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    Ranch Duplex with Back Decks
    Ranch Duplex with Back Decks

    405-407 N Shady Lane, Girard, IL 62640

    $199,900
    2,700 sqft 0.25 AC lot

    Ranch duplex with two bed, 1.5-bath units, in-unit laundry, central air, and attached 1-car garages plus back decks.

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    Duplex With Attached Garages
    Duplex With Attached Garages

    405-407 N Shady Lane, Girard, IL 62640

    $199,900

    Two matching units offer back decks, in-unit laundry, and open-concept living areas.

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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.

    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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    Residential Lot in Wellsville, MO
    Residential Lot in Wellsville, MO

    412 Washington Street, Wellsville, MO 63384

    Contact for pricing
    0.17 AC lot

    Ready-to-build residential lot in a charming small town.

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    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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    Jacksonville, IL Multifamily Properties Market Trends and Statistics

    Explore 4 multifamily properties for sale in Jacksonville, IL, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 2,032 square feet of properties for sale, with an estimated market value of $3,899,000.

    Sale prices for multifamily properties in Jacksonville, IL start at $199,000, averaging $974,750, and reaching up to $2,800,000 — 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

    Apartment buildings 4
    Duplexes 1

    Demographics Overview

    Population 24K
    Population Growth (5Y) -9.1%
    Median Household Income $64,137
    College Educated 16.5%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    62650 $974.8K

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Morgan County

    New Delisted

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