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    Morgan County, IL Multifamily Properties for Sale

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    Chicago, IL Springfield, IL Rockford, IL
    Unique Multifamily Asset in Jacksonville
    $2,800,000
    Unique Multifamily Asset in Jacksonville

    500 W State St, Jacksonville, IL 62650

    58-unit multifamily property with distinctive architectural character in Jacksonville, Illinois.
    • Unique architectural character from its original construction as a school building.
    • Centralized location in an established residential corridor with easy access to employment, retail, and community services.
    • Proximity to Jacksonville Shoppes, Wal‑Mart Plaza, and Passavant Area Hospital.
    • Consistent rental demand supported by Illinois College and other local employers.
    • Located within Jacksonville School District 117 attendance area and near major roadways.
    Updated: Apr 3
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    Historic Mixed-Use Building For Sale
    $149,900
    6,412 SF
    Historic Mixed-Use Building For Sale

    326 West State Street, Jacksonville, IL 62650

    All-brick historic building with garage, ideal for mixed-use development.
    • Historic all‑brick building with 6,412 sq ft across two floors, offering significant space and character.
    • Large, heated 1,564 sq ft garage with plumbing, floor drains, and space for up to 6 vehicles.
    • Located next to the Morgan County Courthouse in Jacksonville, IL, offering a prime location.
    • Freight elevator provides access to all three floors (including the basement).
    • Handicapped accessibility and some windows have been replaced.
    Updated: Sep 30, 2025
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    Unique Multifamily Asset in Jacksonville
    $2,800,000
    73,791 SF
    Unique Multifamily Asset in Jacksonville

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

    500 W State St, Jacksonville, IL 62650

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    Historic Mixed-Use Building in Jacksonville
    $149,900
    7,976 SF
    Historic Mixed-Use Building in Jacksonville

    All-brick building near courthouse, ideal for mixed-use development.

    326 W STATE Street, Jacksonville, IL 62650

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    Based on your search, we've compiled 8 Potential Opportunities for your consideration. Besides 4 Active listings in Morgan County, IL, we suggest exploring several alternatives: plus 4 Land Listings that present a potential for development.

    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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    Vacant Lot in Gated Community
    Contact for pricing
    0.12 Acres
    Vacant Lot in Gated Community

    Vacant lot in gated community with many amenities for seasonal living.

    2795 E 28th Lot 1205 Road, Seneca, IL 61360

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    Morgan County, IL Multifamily Properties Investment Opportunities Market Analysis

    Explore 4 multifamily properties for sale in Morgan County, IL, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 88,179 square feet of properties for sale, with an estimated market value of $3,099,800.

    Sale prices for multifamily properties in Morgan County, IL start at $149,900, averaging $1,033,266, 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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