Tazewell County, IL Multifamily Properties for Sale

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Updated: May 3, 2025

Remodeled Mixed-Use Building For Sale

19478 SPRINGFIELD Road, Groveland, IL 61535

$569,000

6,200 sqft

High 9.07% Cap Rate
Stable $51,216 Net Operating Income (NOI)
Fully Occupied with Long‑Term Tenants and Leases
Newly Remodeled Mixed‑Use Building (2 Apartments, 3 Commercial Units)
Turnkey Property with Minimal Landlord Responsibilities

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This listing looks promising.

Here's a quick look at some key insights for

19478 SPRINGFIELD Road, Groveland, IL 61535

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Est. Cap Rate

7.2%
Above avg (5.9%)
Est. NOI

$41K
Annual
Mortgage

$229K
Jun 2019
Last Sold

Jun 2019
$260K
Property Type

Commercial Office (General)
Built 1972

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Updated: Jul 5

Fully Remodeled 4-Plex

601 DEVONSHIRE Road, Washington, IL 61571

$449,900

Fully remodeled, fully occupied 4‑plex with (4) 2 bed / 1 bath units
Each unit is fully applianced and includes an on‑site laundry facility
4‑stall covered carport on‑site, with additional on‑street parking available
Central air cooling; cable available; public water source
Brick partial and vinyl siding construction with a shingle roof; year built 1961

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Morton Multifamily Income Opportunity

540 N MAIN Street, Morton, IL 61550

$364,900

0.26 AC lot

Income-generating multifamily property with four units and a four-car garage.

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Pekin Mixed-Use Investment Opportunity

529 ANN ELIZA Street, Pekin, IL 61554

$117,000

1,038 sqft

Mixed-use property with commercial space and residential apartment in Pekin.

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Two-Story Commercial Building in Washington

120 Walnut Street, Washington, IL 61571

$209,900

0.12 AC lot

Two-story commercial building with renovation potential in Washington, Illinois.

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Tangled Roots Investment Opportunity

140 Washington Square, Washington, IL 61571

$4,900,000

0.11 AC lot

Multifaceted hub with restaurant, brew pub, and Airbnb units.

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Pekin Multifamily Property Near Lake

740 E SHORE Drive, Pekin, IL 61554

$674,900

0.64 AC lot

Well-maintained 8-unit apartment building near Lake Arlann.

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Pekin Commercial Building with Apartments

101 N PARKWAY Drive, Pekin, IL 61554

$494,900

Versatile commercial building with apartments in Pekin, Illinois.

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Ten-Unit Apartment Complex For Sale

429 SOUTH Street, Pekin, IL 61554

$479,900

Ten-unit apartment complex with on-site laundry facility.

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Pekin Medical Office with Apartments

101 N Parkway Drive, Pekin, IL 61554

$494,900

7,653 sqft

7653 SF B3 Zoned building with multiple uses.

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Based on your search, we've compiled 76 Potential Opportunities for your consideration. Besides 10 Active listings in Tazewell County, IL, we suggest exploring several alternatives: similar 62 Off-Market properties to explore as potential leads, 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.

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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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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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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Off-Market Properties in Tazewell County, IL

Consider similar Off-Market properties in Tazewell County, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

APARTMENT HOUSE (UNDER 5 UNITS)

1402 Sommerset St, Pekin, IL 61554-2024

Value Estimation by Request

660 sqft · 0.34 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

Value Estimation by Request

484 sqft · 1.42 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

1300 Eagle Ave, Washington, IL 61571-1152

Unit 1

Value Estimation by Request

2,200 sqft · 0.38 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

1240 Main St, Morton, IL 61550-2474

$4,010,000

Estimated value

5,428 sqft · 3.87 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

340 Caroline St, Pekin, IL 61554-3206

Value Estimation by Request

2,552 sqft · 0.24 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

300 Tyler St, Morton, IL 61550-1672

Value Estimation by Request

2,992 sqft · 0.36 AC lot

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Tazewell County, IL Multifamily Properties Market Trends and Statistics

Explore 72 multifamily properties for sale in Tazewell County, IL, showcased through 10 active listings on our real estate platform. These investment opportunities span a total of 14,891 square feet of properties for sale, with an estimated market value of $1,180,900.

Sale prices for multifamily properties in Tazewell County, IL start at $117,000, averaging $393,633, and reaching up to $569,000 — 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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