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    Morgan County, IL Multifamily Properties for Sale

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    Four-Unit Residential Income Building
    Updated: Jun 5
    Four-Unit Residential Income Building

    739 W STATE Street, Jacksonville, IL 62650

    $169,900
    4‑unit building built in 1890 with wood siding, HW floors, detailed trim, and tall ceilings
    Unit mix: two 2‑bedroom units and two 1‑bedroom units
    Each unit has its own natural gas furnace and central air unit; tenants pay their own electric
    Lots of new plumbing reported in the building
    Water source: public; roof materials include metal, shingle, and rubber
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    Mixed-Use Apartment Building
    Updated: Sep 12, 2025
    Mixed-Use Apartment Building

    352 FRANKLIN Street, Jacksonville, IL 62650

    $450,000
    4.22 AC lot
    Brick building originally constructed in 1939 with Hot Water heating
    Main floor includes residential tenant‑occupied units with an active residential zoning designation
    Lower level features a full gymnasium, locker rooms, and commercial zoning
    Spacious lot with oversize parking
    Interior includes a kitchen and multiple bathrooms, plus an auditorium
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    Mixed-Use Building with Gymnasium
    Mixed-Use Building with Gymnasium

    352 FRANKLIN Street, Jacksonville, IL 62650

    $450,000
    4.22 AC lot

    Multi-level building with residential units on the main floor and a lower-level gymnasium and locker rooms.

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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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    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.

    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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    Ozark Land with Creek Frontage
    Ozark Land with Creek Frontage

    Madsion CR 410 (116), Fredericktown, MO 63645

    $34,995
    1.65 AC lot

    1.65+/- acre property with Twelve Mile Creek frontage.

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    Morgan County, IL Multifamily Properties Market Trends and Statistics

    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 0 square feet of properties for sale, with an estimated market value of $3,869,900.

    Sale prices for multifamily properties in Morgan County, IL start at $169,900, averaging $967,475, 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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