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    Effingham, IL
    Residential Income

    Effingham, IL Residential Income Properties for Sale

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    Teutopolis, IL Shumway, IL Altamont, IL Montrose, IL Neoga, IL Mode, IL Beecher City, IL Newton, IL
    Acreage Duplex with Outbuildings
    Updated: May 31
    Acreage Duplex with Outbuildings

    9069 E US Highway 40, Effingham, IL 62401

    $174,900
    6.66 AC lot
    6.66‑acre property near Effingham at 9069 E US Highway 40
    Nearly 2,400 square feet configured as two separate living quarters
    Each living area includes a kitchen, laundry area, living space, and bedrooms
    Recreational pond, horse stalls, and multiple outbuildings with electricity
    Built in 1967 and offered as‑is
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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 5 Potential Opportunities for your consideration. Besides 1 Active listings in Effingham, 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.

    View details
    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.

    View details
    Nine-Unit Multifamily Property
    Nine-Unit Multifamily Property

    14 North Central Avenue, Casey, IL 62420

    Contact for pricing
    8,912 sqft

    Commercially zoned asset with nine occupied apartments, an owner-use office, and storage space with conversion potential.

    View details
    Five-Unit Apartment Building
    Five-Unit Apartment Building

    209 S Central Avenue, Casey, IL 62420

    $139,999

    Five-apartment property with separate electric, water, and gas meters for each unit.

    View details

    Effingham, IL Residential Income Properties Market Trends and Statistics

    Explore 1 residential income properties for sale in Effingham, IL on our real estate platform.

    Sale prices for residential income properties in Effingham, IL average $174,900 — 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

    Duplexes 1
    Multifamily properties 1

    Demographics Overview

    Population 19K
    Population Growth (5Y) +3.5%
    Median Household Income $76,098
    College Educated 39.5%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    62401 $2.1M

    Taxes & Financing

    Tax Rate (average for all types) 6.21%
    Property Tax per SF $98.34 per SF
    Average Loan-to-Value 65.0%

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