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    Joliet, IL Elwood, IL New Lenox, IL Frankfort, IL Monee, IL Mokena, IL Wilmington, IL Peotone, IL
    Brick Four-Unit Multifamily Property
    Updated: May 13
    Brick Four-Unit Multifamily Property

    265 E Prairie Street, Manhattan, IL 60442

    Contact for pricing
    Fully occupied 4‑unit brick building built in 1969
    Unit mix: three 2BD/1BA units and one 1BD/1BA unit
    Most interior updates completed within the last 3 years
    All‑electric utilities with electric heat and separate electric hot water heaters for simplified management
    Roof and windows updated within the last 11 years; renovated common laundry area
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    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 1 Active listings in Manhattan, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 1 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.

    12-Unit Brick Apartment Building
    12-Unit Brick Apartment Building

    7301-09 Dixon Street, Forest Park, IL 60130

    $1,695,000
    8,900 sqft

    Residences have one bedroom and one bathroom, with dedicated parking available on site.

    View details
    Two-Unit Duplex with Attic
    Two-Unit Duplex with Attic

    101 S Eastern Avenue, Joliet, IL 60433

    $399,000

    Vinyl siding, forced-air heat, and public utilities support the property’s basic operating profile.

    View details
    Mixed-Use Warehouse and Apartment Property
    Mixed-Use Warehouse and Apartment Property

    1401-1409 Cornelius Avenue, Joliet, IL 60433

    $1,195,000
    1.90 AC lot

    Multi-structure property combines warehouse units with apartments, parking, a storage container, and a recently replaced roof.

    View details
    12-Unit Brick Apartment Building
    12-Unit Brick Apartment Building

    7301 DIXON ST, Forest Park, IL

    Contact for pricing

    Brick apartment property with on-site parking and predominantly outdated or month-to-month leases.

    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.

    University Park Developable Land
    University Park Developable Land

    976 Mesa Court, University Park, IL 60484

    Contact for pricing
    3.20 AC lot

    3.2 acres with 24 concrete housing pads in University Park.

    View details

    Manhattan, IL Multifamily Properties Market Trends and Statistics

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

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Quadplexes 1

    Demographics Overview

    Population 13K
    Population Growth (5Y) +27.9%
    Median Household Income $128,307
    College Educated 39.7%

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Will County

    New Delisted

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