Centralia, IL Residential income properties for sale

Updated: Jan 15, 2025

Three-Unit Rental Property

117 N MORRISON Street, Centralia, IL 62801

$365,000

Three freshly built rental homes built in 2023, each a 3‑bed, 2‑bath ranch
Laminate flooring throughout all three homes
On‑demand water heaters in all 3 homes
Currently leased month to month at $1,200/mo (per public remarks)
Utilities: tenants pay all utilities; city water plus Ameren electric and gas

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Updated: Aug 14, 2025

Furnished Duplex in Centralia, IL

404 N BEECH Street, Centralia, IL 62801

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Furnished duplex with rental income potential.
Live in one unit and rent the other for extra income.
Easily convertible back to a single‑family home.
Great investment opportunity.
Year Built: 1920.

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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 11 Potential Opportunities for your consideration. Besides 2 Active listings in Centralia, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads, 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.

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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Two-Unit Duplex with Full Basements

13014 Bermuda Grass Ct, Breese, IL 62230

$299,000

2,228 sqft

Occupied mirror units offer two bedrooms, full basements, and oversized laundry rooms.

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Brick-Veneer Duplex with Basements

105 Timberlake, Damiansville, IL 62215

$329,000

2,300 sqft 0.29 AC lot

Two occupied rental units offer private basements, central air, and a mix of carport and driveway parking.

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Two-Unit Duplex with Basements

105 Timberlake, Damiansville, IL 62215

$329,000

Occupied duplex with two-bedroom units, two bathrooms, and additional basement space on each side.

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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.

Residential Subdivision Lot

1204 S Cherry Street, Centralia, IL 62801

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0.12 AC lot

Buildable lot in Finneys Heights subdivision with utilities available nearby in Centralia, Illinois.

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Residential Lots in Carlyle, Illinois

Redwood Street, Carlyle, IL 62231

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1.32 AC lot

Twenty residential lots available for sale in Carlyle, Illinois.

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Carlyle Land for Dream Home

19580 Hillcrest DR, Carlyle, IL 62231

$35,000

0.87 AC lot

Two adjacent lots totaling 0.87 acres, ideal for building.

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Residential Lot in Mount Vernon

2501 Casey Avenue, Mount Vernon, IL 62864

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0.19 AC lot

0.192-acre residential lot in a vibrant Illinois community.

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Off-Market Properties in Centralia, IL

Consider similar Off-Market properties in Centralia, 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 (5+ UNITS)

324 Elm St, Centralia, IL 62801-2955

Value Estimation by Request

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Centralia, IL Residential Income Properties Market Trends and Statistics

Explore 3 residential income properties for sale in Centralia, IL on our real estate platform.

Sale prices for residential income properties in Centralia, IL average $365,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.