South Wilmington, IL Multifamily properties for sale

Updated: Aug 7

Two-Home Multifamily Property

650 & 660 W Elm Street, South Wilmington, IL 60474

$399,000

Two ranch homes situated on a single in‑town parcel
2007 modular home with 3 bedrooms, 2 full baths, patio, and storage shed
Second residence includes 2 bedrooms, 1 full bath, replacement windows, and enclosed rear porch
One home is tenant‑occupied; the other is vacant
Detached 2‑car garage for vehicles, storage, or workshop use

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Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in South Wilmington, 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.

Apartment Building with Storage Garage

1015 douglas Street E, Morris, IL 60450

$600,000

Five fully rented apartments plus a large storage garage with overhead doors for drive-in, drive-out access.

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Duplex with Tenant-Paid Utilities

123 W Waupansie Street, Dwight, IL 60420

$130,000

0.17 AC lot

Two-unit duplex with tenant-paid utilities, each unit offering three bedrooms and one full bathroom.

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Multifamily with Storage Garage

1015 Douglas Street, Morris, IL 60450

$600,000

Fully rented 5-unit apartment building with a large storage garage and overhead doors for drive-through access.

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24-Unit HUD-Subsidized Apartment Building

111 Bannon, Dwight, IL 60420

Contact for pricing

16,160 sqft

Well-maintained 24-unit multifamily property with HUD subsidy support and 2024 pro-forma NOI of $146,467.

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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

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

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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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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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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South Wilmington, IL Multifamily Properties Market Trends and Statistics

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

Sale prices for multifamily properties in South Wilmington, IL average $399,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

South Wilmington, IL Multifamily Properties for Sale

650 & 660 W Elm Street, South Wilmington, IL 60474