Illinois Residential Income Properties for Sale

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Updated: Aug 11

Updated 6-Unit Apartment Building

971 Belle Valley Drive, Belleville, IL 62220

$432,000

5,058 sqft 0.29 AC lot

6‑unit apartment building with 5,058 square feet
0.29‑acre parcel in east Belleville
All units offer 2 bedrooms and 1 bath
Five units emptied and remodeled with flooring, trim, and door updates
Kitchen and bathroom improvements across multiple units

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This listing looks promising.

Here's a quick look at some key insights for

971 Belle Valley Drive, Belleville, IL 62220

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Est. Cap Rate

8.7%
Above avg (5.9%)
Est. NOI

$38K
Annual
Price @ 7% Cap

$537K
Above asking
Property Type

Apartments (Generic)
Built 1984

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Updated: Aug 12

Updated 8-Unit Apartment Building

961 Belle Valley Drive, Belleville, IL 62220

$594,000

6,896 sqft 0.44 AC lot

8‑unit apartment building with 6,896 square feet
All units are currently rented
Every unit has 2 bedrooms and 1 bathroom
0.44‑acre parcel in East Belleville
Most kitchens and bathrooms have been remodeled

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5-Unit Townhouse-Style Apartment Building

2311 23rd Street, Rockford, IL 61108

$685,000

6,400 sqft

Multifamily property with private basements, fenced patios, onsite parking, and two vacant units.

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8-Unit Brick Apartment Buildings

2516 & 2520 Eastview, Belleville, IL 62221

$665,000

7,280 sqft 27,030.00 AC lot

Two-story residences offer private patios, off-street parking, and separate tenant-paid utilities.

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Mixed-Use Building with Parking

3034 W Montrose Avenue, Chicago, IL 60618

$1,429,000

6,500 sqft 0.26 AC lot

Corner property combines storefront leasing, residential units, and secured rear parking in a walkable retail setting.

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21-Unit Multifamily Building

534 College Ave, Dekalb, IL 60115

$644,499

5,928 sqft 0.40 AC lot

21-unit multifamily with forced-air natural gas heat and vinyl siding, plus patio and deck.

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Historic Duplex with Short-Term Rental

209 S Prospect Street, Galena, IL 61036

$850,000

4,608 sqft

Two residences provide flexible occupancy alongside a City of Galena short-term rental license.

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Mixed-Use Property With Apartments

205 S Main Street, Algonquin, IL 60102

$850,000

4,400 sqft

Remodeled commercial building with restaurant seating, a video gaming room, basement space, and two residential apartments.

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Eight-Unit Apartment Building

5553 Andrews Drive, Roscoe, IL 61073

$960,000

7,912 sqft

Established multifamily asset with on-site garage parking, updated building components, and natural-gas forced-air systems.

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Thirteen-Unit Mixed-Use Property

228 W MAIN ST, Decatur, IL 62523

$795,000

15,080 sqft 0.37 AC lot

Thirteen-unit mixed-use building with seven upstairs apartments and six street-level retail storefronts plus an off-street parking lot.

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Mixed-Use Property with 2 Apartments

123 N 6th Street, Quincy, IL 62301

$529,000

4,308 sqft

Unfinished storefront space is paired with two rebuilt residential units and an open-air deck.

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New Construction Duplex

O Fallon, IL 62269

$675,000

2,142 sqft 0.67 AC lot

Two ranch-style units offer open-concept living, finished basement areas, and private outdoor space on a 0.67-acre lot.

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Multifamily Property With Apartment

25402 S Elsah Hills Road, Elsah, IL 62028

$290,000

4,526 sqft 0.56 AC lot

Separate entrances and flexible living areas support multiple household or rental configurations.

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Updated 8-Unit Apartment Building

961 Belle Valley Dr, Belleville, IL 62220

$594,000

6,896 sqft

All units are rented, with improvements to kitchens, bathrooms, and select interior finishes.

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6-Unit Riverfront Short-Term Rental

1435 W Main Street, Grafton, IL 62037

$750,000

2,865 sqft 0.45 AC lot

Nightly rental property with covered decks, outdoor gathering space, and public water and sewer service.

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Historic Four-Unit Guest House

617 State Street, Alton, IL 62002

$495,000

4,300 sqft 0.21 AC lot

Fully furnished hospitality property with separate kitchens and appliances in each living unit.

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9-Unit Apartment Building with Storefront

2701 S Saint Louis Avenue, Chicago, IL 60623

$995,000

7,950 sqft

Fully occupied multifamily property with updated units, garages, a finished basement, and an adjacent side lot.

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Fully Occupied Quadplex

91 N Stanley Road, Cottage Hills, IL 62018

$165,000

2,989 sqft 0.23 AC lot

Single-level four-unit property with a varied bedroom mix, private storage sheds, and on-site parking.

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Six-Unit Greystone Apartment Building

736 N Spaulding Avenue, Chicago, IL 60624

$650,000

4,956 sqft

Three-story masonry property with in-unit laundry, separate utility metering, and a fenced rear yard.

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Duplex with Full Basements

13014 Bermuda Grass Court, Breese, IL 62230

$299,000

2,228 sqft 0.28 AC lot

Two occupied units provide separate laundry facilities, full basements, and established residential functionality.

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Renovated 12-Unit Apartment Building

522 N Main Street, Hanna City, IL 61536

$720,000

5,586 sqft

Renovated 12-unit multifamily property with a mix of 1- and 2-bedroom units and recent major utility updates.

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Ranch Duplex with Central Air

112 Kingsway Drive, Belleville, IL 62226

$174,500

2,032 sqft 0.21 AC lot

Ranch-style duplex on a 0.21-acre lot with two 2-bedroom, 1-bath units, central air, and a 1-car carport.

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Legal 5-Unit Apartment Building

6044 N Mozart Street, Chicago, IL 60659

$900,000

6,381 sqft 0.19 AC lot

Legal 5-unit building with updated mechanicals, rear laundry addition, and multiple exterior parking options on an extra-wide lot.

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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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Illinois Residential Income Properties Market Trends and Statistics

Explore 3570 residential income properties for sale in Illinois, showcased through 3570 active listings on our real estate platform. These investment opportunities span a total of 8,136,448 square feet of properties for sale, with an estimated market value of $1,694,910,111.

Sale prices for residential income properties in Illinois start at $30,000, averaging $641,282, and reaching up to $20,000,000 — 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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