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    Normal, IL
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    Normal, IL Multifamily Properties for Sale

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    Bloomington, IL Hudson, IL Danvers, IL Carlock, IL Heyworth, IL Downs, IL Lexington, IL Stanford, IL
    All-Brick Ranch Duplex
    Updated: Jul 7
    All-Brick Ranch Duplex

    507 E Cypress Street, Normal, IL 61761

    $285,000
    All‑brick ranch duplex with two 2‑bedroom, 1‑bath units
    Both sides currently rented month‑to‑month
    Tenants pay utilities
    Full unfinished basements for each unit
    Detached 2‑car garage with shared use
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    Renovated Multifamily Property
    Updated: Aug 7
    Renovated Multifamily Property

    1007 Charlotte Drive, Normal, IL 61761

    Contact for pricing
    Renovated multifamily units
    Access to Illinois State University, Heartland Community College, and Rivian Automotive
    Located at 1007 Charlotte Drive in Normal, IL
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    Apartment Development Property
    Apartment Development Property

    300 E Shelbourne Dr, Normal, IL 61761

    Contact for pricing

    Multi-family property with 100-unit Shelbourne Apartments and a community building on an 11-acre site.

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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 11 Potential Opportunities for your consideration. Besides 3 Active listings in Normal, 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.

    Two-Story Mixed-Use Building
    Two-Story Mixed-Use Building

    120 Walnut Street, Washington, IL 61571

    $209,900
    0.12 AC lot

    Partially redeveloped property with basement space, structural improvements, and framed second-floor studio layouts.

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    Duplex with Central Air and New Furnace
    Duplex with Central Air and New Furnace

    605 E Empire Street, Bloomington, IL 61701

    $144,900

    Two-unit duplex with one 2-bedroom and one 1-bedroom unit, plus porch and deck, updated with central air and a new furnace.

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    All-Brick Four-Unit Townhouse Buildings
    All-Brick Four-Unit Townhouse Buildings

    312 Riley Drive, Bloomington, IL 61701

    $399,900

    Two 4-unit all-brick buildings offer townhouse-style units with full basements and laundry hookups.

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    Two-Story Mixed-Use Building
    Two-Story Mixed-Use Building

    120 Walnut Street, Washington, IL 61571

    $209,900

    Interior demolition and partial rebuilding create a substantial repositioning project with a basement and two framed studio layouts.

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    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.

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    Wooded Homesite in Wheatfield, Indiana
    Wooded Homesite in Wheatfield, Indiana

    4418 Oakland Court, Wheatfield, IN 46392

    Contact for pricing
    0.57 AC lot

    Spacious, wooded 0.57-acre lot in established neighborhood.

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    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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    Land For Sale, Lakemoor, IL
    Land For Sale, Lakemoor, IL

    27 Oyster Bay, Lakemoor, IL 60051

    Contact for pricing
    0.12 AC lot

    Commercial land available in Lakemoor, Illinois.

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    Normal, IL Multifamily Properties Market Trends and Statistics

    Explore 3 multifamily properties for sale in Normal, IL, showcased through 3 active listings on our real estate platform.

    Sale prices for multifamily properties in Normal, IL average $285,000 — 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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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Apartment buildings 1
    Duplexes 1

    Demographics Overview

    Population 53K
    Population Growth (5Y) -3.3%
    Median Household Income $66,642
    College Educated 35.5%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    61761 $285K

    Taxes & Financing

    Tax Rate (average for all types) 8.55%
    Property Tax per SF $81.93 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in McLean County

    New Delisted

    Property Size Breakdown

    The majority of commercial real estate listings in Normal fall within the 25,000 to 50,000 square foot range.

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