Danville, IL Residential Income Properties for Sale

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Updated: May 27

Five-Unit Multifamily Property

716 Robinson Street, Danville, IL 61832

$129,900

0.35 AC lot

Five total units: 4 x 2bed/1bath units and 1 x 1bed/1bath unit
Two duplexes and one separate house across two parcels
Approximately 0.35 acres of land
MULTI zoning
Built in 1940

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Updated: May 22

Two-Unit Duplex With Garages

1210 N Vermilion Street, Danville, IL 61832

$132,500

3,100 sqft

Over 3,100 square feet of living space
Two 2‑bedroom, 1‑bath units
Separate garage space for each unit
Fully usable basement for storage or workshop use
Power separately metered for each unit

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Mobile Home Park with Multi-Use Building

3117 East Voorhees Street, Danville, IL 61834

$249,900

406,414 sqft 9.33 AC lot

A 9.33-acre park with four income-producing mobile homes and a large on-site building for flexible use.

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See what stands out in Vermilion County

We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

We check every listing here. A few are worth a second look.

Cap Rate available after sign in

NOI available after sign in

Local Demand available after sign in

Mixed-Use Property with Income Potential

110 N Vermilion St, Danville, IL 61832

$125,000

5,726 sqft 0.18 AC lot

Commercial property with business and residential income potential in Danville.

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Centrally Located Multifamily Property

1003 N Franklin Street, Danville, IL 61832

$54,000

1,400 sqft

Multifamily investment opportunity in a central location.

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Fully Leased 4-Unit Quadplex

1224 Marion Street, Danville, IL 61832

$132,500

Fully leased income property with professional management and natural gas service.

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Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center

Duplex with Garage

1206 N Vermilion Street, Danville, IL 61832

$124,000

1910 duplex with a fenced backyard, two-car garage, and separate upper- and lower-level living spaces.

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Four-Unit Apartment Building

409 S Buchanan St, Danville, IL 61832

$89,000

Currently rented residential property with one-bedroom units near downtown.

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Based on your search, we've compiled 18 Potential Opportunities for your consideration. Besides 8 Active listings in Danville, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 2 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.

16-Unit Brick Apartment Buildings

1942 County Road 3000 North, Rantoul, IL 61866

$685,000

63,732 sqft

Two residential buildings offer a defined unit mix, private utility systems, resident parking, and owner-supplied appliances.

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Three-Unit Residential Property

514 E Main Street, Hoopeston, IL 60942

$65,000

Residential income property with multiple bedrooms, three bathrooms, and basement space.

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Two-Unit Duplex Property

725 S 2nd Avenue, Hoopeston, IL 60942

$63,000

Two-level rental with separate utilities and independent access for each residence.

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16-Unit Apartment Complex

1942 COUNTY ROAD 3000N, Rantoul, IL 61866

$685,000

1.45 AC lot

Two all-brick residential buildings offer varied one- and two-bedroom layouts with tenant-paid utilities and on-site parking.

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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.

Lakefront Acreage in Lakewood Estates

DOR1701B Henning Road lot: Dor1701b, Danville, IL 61834

$115,000

8.15 AC lot

8.15 acres on Beaver Lake, ideal for building a home.

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City Lot in Montezuma, IN

N Washington Street, Montezuma, IN 47862

Contact for pricing

0.27 AC lot

Versatile city lot with utilities access in Montezuma, Indiana.

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Urbana Homesite in Green Subdivision

3002 N Brickhouses Road, Urbana, IL 61802

$140,000

0.88 AC lot

0.88 acre homesite in sustainable living neighborhood.

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Urbana Land Near University

1950 High Cross Road N, Urbana, IL 61802

$349,900

15.00 AC lot

15-acre property near Urbana, suitable for development or hobby farm.

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Off-Market Properties in Danville, IL

Consider similar Off-Market properties in Danville, 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.

Multifamily properties

822 Texas Ave, Danville, IL 61832

Estimated value:

by Request

0.15 AC lot

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Land

22864 St Rte, Danville, IL 61834

Estimated value:

by Request

5.10 AC lot

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Danville, IL Residential Income Properties Market Trends and Statistics

Explore 10 residential income properties for sale in Danville, IL, showcased through 8 active listings on our real estate platform. These investment opportunities span a total of 416,640 square feet of properties for sale, with an estimated market value of $1,036,800.

Sale prices for residential income properties in Danville, IL start at $54,000, averaging $129,600, and reaching up to $249,900 — 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

Demographics Overview

Population 42K

Population Growth (5Y) -11.4%

Median Household Income $52,334

College Educated 20.4%

High-Yield Neighborhoods for Investment

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

Neighborhood	Average Price
61832	$104.1K
61834	$249.9K

Taxes & Financing

Tax Rate (average for all types) 9.28%

Tax Rate vs County Average 0.11 pp above county avg

Average Loan-to-Value 65.0%

Property Size Breakdown

The majority of commercial real estate listings in Danville fall within the 10,000 to 25,000 square foot range.

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