Advertise
    Lincoln, IL
    Multifamily

    Lincoln, IL Multifamily Properties for Sale

    Notify Me
    List
    Map
    Annawan, IL Atlanta, IL Lake Carroll, IL Elkhart, IL Carbondale, IL Broadwell, IL Emden, IL Armington, IL
    Side-by-Side Duplex
    Updated: Sep 1
    Side-by-Side Duplex

    201 S Madison St, Lincoln, IL 62656

    $150,000
    1,696 sqft
    1,696‑square‑foot side‑by‑side duplex on a corner lot
    Built in 1977 with two single‑story residential units
    Each unit offers two bedrooms and one full hall bathroom
    Attached garage and covered rear porch or patio for each unit
    Vinyl siding, vinyl replacement windows, and architectural roof
    View details
    Brick Mixed-Use Building
    Updated: Jun 17
    Brick Mixed-Use Building

    608-612 Broadway Street, Lincoln, IL 62656

    $585,000
    All‑brick mixed‑use building dating back to the early 1900s in downtown Lincoln, IL
    Main level has two retail storefronts, including one occupied space and one vacant storefront
    Second floor includes three fully leased residential apartments, with potential to add a fourth unit
    Additional rear storage space provides extra income potential
    Zoned C‑1, supporting uses such as retail, restaurant, office, salon, and residential
    View details
    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 6 Potential Opportunities for your consideration. Besides 2 Active listings in Lincoln, 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.

    9-Unit Apartment Building
    9-Unit Apartment Building

    102 ELM Street, Dawson, IL 62520

    $435,000
    0.86 AC lot

    Full occupancy includes two additional lots with tenant-owned mobile homes and shared coin-operated laundry.

    View details
    Mobile Home Park with Commercial Building
    Mobile Home Park with Commercial Building

    3915 N DIRKSEN Parkway, Springfield, IL 62702

    $250,000
    1.58 AC lot

    B-1 zoning with a variance supports the existing mobile home park use alongside a vacant commercial building.

    View details
    Mobile Home Park with Commercial Building
    Mobile Home Park with Commercial Building

    3915 N DIRKSEN Parkway, Springfield, IL 62702

    $250,000
    1.58 AC lot

    B-1 property with a mobile home park variance, existing rental homes, and a vacant commercial structure.

    View details
    9-Unit Apartment Building
    9-Unit Apartment Building

    102 ELM Street, Dawson, IL 62520

    Contact for pricing

    Fully occupied multifamily property with mobile homes and shared coin-operated laundry.

    View details

    Lincoln, IL Multifamily Properties Market Trends and Statistics

    Explore 2 multifamily properties for sale in Lincoln, IL on our real estate platform. These investment opportunities span a total of 1,696 square feet of properties for sale, with an estimated market value of $735,000.

    Sale prices for multifamily properties in Lincoln, IL start at $150,000, averaging $367,500, and reaching up to $585,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

    List
    Map

    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Duplexes 1
    Triplexes 1

    Demographics Overview

    Population 18K
    Population Growth (5Y) -6.0%
    Median Household Income $59,129
    College Educated 25.1%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    62656 $585K

    Taxes & Financing

    Tax Rate (average for all types) 8.36%
    Property Tax per SF $6.81 per SF
    Tax Rate vs County Average 0.46 pp above county avg
    Average Loan-to-Value 65.0%

    Property Size Breakdown

    The majority of commercial real estate listings in Lincoln fall within the 10,000 to 25,000 square foot range.

    Need Help?

    Reach out if you need assistance with Realmo tools or have questions about your listings

    Contact Us

    Popular Searches in Lincoln, IL

    Popular Categories

    Most Searched ZIP Codes in Lincoln, IL

    • 62656

    Select Neighborhood

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!