Litchfield, IL
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    Litchfield, IL Multifamily Properties for Sale

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    Brighton, IL Mount Olive, IL Mt Olive, IL
    Well-Maintained Triplex with Income Potential
    $120,000
    1,750 SF
    Well-Maintained Triplex with Income Potential

    226 S Harrison Street, Litchfield, IL 62056

    Triplex with one vacant unit and reliable cash flow.
    • One vacant unit is ready for immediate occupancy or rental.
    • Income‑generating triplex with two units currently rented, providing reliable cash flow.
    • New roof (two years old) ensures reduced maintenance costs.
    • Newer water heaters (installed last year) in all three units enhance efficiency.
    • Well‑maintained property presents a solid investment opportunity.
    Updated: Apr 11, 2025
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    8,015 SF Mixed-Use Building
    $365,900
    8,015 SF
    8,015 SF Mixed-Use Building

    117 E Union Ave, Litchfield, IL

    Mixed-use building with restaurant, retail, and apartment units.
    • Investment opportunity with an 8,015 SF building and multiple income streams from existing tenants (restaurant, pizza maker, apartments).
    • Located in a TIF area, offering potential tax benefits and development incentives.
    • Two 900 SF street‑level spaces available for lease, providing immediate income potential.
    • Four upstairs apartments, with two currently leased and two under renovation, offering further income potential.
    • High‑traffic location on IL Route 16 (E Union Ave) directly across from the Square and Memorial Gardens.
    Updated: Aug 26, 2024
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    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Litchfield, 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.

    Ranch Duplex with Attached Garage
    $349,900
    2,069 SF
    Ranch Duplex with Attached Garage

    Two separate units under one roof offer remodeled rental flexibility plus a screened porch and 3-car attached garage.

    920 E Beaumont Avenue, Greenville, IL 62246

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    Two-Unit Duplex and Manufactured Home
    $245,000
    2,342 SF
    Two-Unit Duplex and Manufactured Home

    Duplex plus manufactured home on three parcels with month-to-month tenants and included water/sewer/trash.

    307 Sandbach, Worden, IL 62097

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    Greenville Mixed-Use Investment Opportunity
    $319,000
    Greenville Mixed-Use Investment Opportunity

    Retail space and four apartments in downtown Greenville, Illinois.

    118 W Main Street, Greenville, IL 62246

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    Investment Opportunity: Multiple Residences
    $245,000
    2,342 SF
    Investment Opportunity: Multiple Residences

    Three parcels with rental potential: duplex and manufactured home.

    307 Sandbach, Worden, IL 62097

    View details

    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.

    Unrestricted Land Near Route 67
    $70,000
    2.10 Acres
    Unrestricted Land Near Route 67

    2.1 acres with boundless possibilities near Jerseyville and Godfrey.

    17039 Hillside Lane, Jerseyville, IL 62052

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    Residential Lot in Wellsville, MO
    Contact for pricing
    0.17 Acres
    Residential Lot in Wellsville, MO

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

    412 Washington Street, Wellsville, MO 63384

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    Residential Lot in Park Hills
    Contact for pricing
    0.26 Acres
    Residential Lot in Park Hills

    Corner lot suitable for building or mobile home placement.

    226 N Large Street, Park Hills, MO 63601

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    Recreational Land Near Lake Perry
    $90,000
    22,215 SF
    Recreational Land Near Lake Perry

    Half-acre recreational lot with utilities near Lake Perry amenities.

    1003 Port Perry Drive, Perryville, MO 63775

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    Litchfield, IL Multifamily Properties Investment Opportunities Market Analysis

    Explore 2 multifamily properties for sale in Litchfield, IL on our real estate platform. These investment opportunities span a total of 9,765 square feet of properties for sale, with an estimated market value of $485,900.

    Sale prices for multifamily properties in Litchfield, IL start at $120,000, averaging $242,950, and reaching up to $365,900 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Apartment buildings 1
    Triplexes 1

    Demographics Overview

    Population 8,591
    Population Growth (5Y) +0.2%
    Median Household Income $62,705
    College Educated 33.9%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    62056 $100K

    Taxes & Financing

    Tax Rate (average for all types) 8.29%
    Property Tax per SF $70.83 per sq ft
    Tax Rate vs County Average 0.09 pp above county avg
    Average Loan-to-Value 65.0%

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