Multifamily

Vandalia, IL Multifamily Properties for Sale

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Brownstown, IL Mulberry Grove, IL Mount Vernon, IL Patoka, IL Alma, IL Saint Elmo, IL Saint Peter, IL Greenville, IL
49-Unit Apartment Building
Updated: Aug 1
49-Unit Apartment Building

211 N Kennedy Blvd, Vandalia, IL 62471

$1,100,000
49‑unit apartment community in Vandalia, IL
Former high school converted to multifamily housing
Replacement roof installed in 2026
Federally designated Opportunity Zone
Located within a County Enterprise Zone
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Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Vandalia, 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.

Fully Occupied Apartment Building
Fully Occupied Apartment Building

300 E 2nd Street, Pana, IL 62557

$179,000
2,116 sqft 0.26 AC lot

The building offers one-bedroom residences, a renovated apartment, and coin-operated laundry for occupants.

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Apartment Building with Coin Laundry
Apartment Building with Coin Laundry

300 E 2nd St, Pana, IL 62557

$179,000
2,116 sqft

Fully leased residential property with renovated unit, updated roofing, and shared laundry facilities.

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Remodeled Duplex with Attached Garage
Remodeled Duplex with Attached Garage

920 E Beaumont Ave, Greenville, IL 62246

$280,000
2,069 sqft

The two-unit layout accommodates short-term rentals, long-term tenants, or owner occupancy with rental income.

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Remodeled Duplex with Attached Garage
Remodeled Duplex with Attached Garage

920 E Beaumont Avenue, Greenville, IL 62246

$280,000
2,069 sqft 0.72 AC lot

Two separate units offer flexible short-term rental, long-term leasing, or owner-occupancy arrangements.

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Vandalia, IL Multifamily Properties Market Trends and Statistics

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

Sale prices for multifamily properties in Vandalia, IL average $1,100,000 — 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

Demographics Overview

Population 10K
Population Growth (5Y) -0.5%
Median Household Income $58,810
College Educated 26.9%

High-Yield Neighborhoods for Investment

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

Neighborhood Average Price
62471 $1.1M

Taxes & Financing

Tax Rate (average for all types) 8.24%
Tax Rate vs County Average 1.02 pp above county avg
Average Loan-to-Value 65.0%

Total CRE Inventory on Market (SF)

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