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    Shannon, IL
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    Shannon, IL Multifamily Properties for Sale

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    Lake Carroll, IL Pearl City, IL Forreston, IL Freeport, IL Eleroy, IL Mount Carroll, IL Mt Carroll, IL Polo, IL
    12-Unit Resort Property
    Updated: Aug 28
    12-Unit Resort Property

    24366 Payne Road, Shannon, IL 61078

    $1,200,000
    2,720 sqft 10.00 AC lot
    12 individual rental units across four duplex‑style buildings and four individual cabins
    10‑acre resort property with approximately 3.5+/- acres of open space along the south side
    Mixed‑use office/shop building with approximately 1,520 sq. ft. of shop space and 1,200 sq. ft. of living space
    Interconnected driveways, designated parking areas, walking paths, and communal shelter/pavilion
    Year‑round rental operation with more than 20 years of operating history
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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 5 Potential Opportunities for your consideration. Besides 1 Active listings in Shannon, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Mixed-Use Building with Apartments
    Mixed-Use Building with Apartments

    101 W Market Street, Mount Carroll, IL 61053

    $192,000
    7,768 sqft

    Two-level commercial property with retail space, four apartments, storage, and a lower-level garage.

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    Historic Mixed-Use Property
    Historic Mixed-Use Property

    102 E Market Street, Mount Carroll, IL 61053

    $319,000
    6,638 sqft

    Combines dedicated office improvements with five residential apartments and an unfinished basement area.

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    24-Property Multifamily Portfolio
    24-Property Multifamily Portfolio

    707-709 West Elk Street, Freeport, IL 61032

    Contact for pricing
    9,782,884 sqft

    Fully leased multifamily portfolio comprising 24 properties.

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    Tenant-Occupied Duplex Investment
    Tenant-Occupied Duplex Investment

    211-211 1/2 N West Avenue, Freeport, IL 61032

    $97,000

    Duplex offers two two-bedroom, one-bath units, currently tenant occupied and sold as part of a portfolio.

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    Shannon, IL Multifamily Properties Market Trends and Statistics

    Explore 1 multifamily properties for sale in Shannon, IL on our real estate platform. These investment opportunities span a total of 2,720 square feet of properties for sale, with an estimated market value of $1,200,000.

    Sale prices for multifamily properties in Shannon, IL average $1,200,000 — 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

    Short term rental properties 1

    Demographics Overview

    Population 1,411
    Population Growth (5Y) +12.6%
    Median Household Income $75,150
    College Educated 23.2%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    61078 $1.2M

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Carroll County

    New Delisted

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