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    Effingham, IL
    Residential Income

    Residential Income Properties for Sale in Effingham, IL

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    Teutopolis, IL Altamont, IL Wheeler, IL Neoga, IL Beecher City, IL Newton, IL St Elmo, IL Hidalgo, IL
    Based on your search, we've compiled 8 Potential Opportunities for your consideration. While there is a shortage of Active listings in Effingham, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

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    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Three-Story Multifamily Building with Land
    Three-Story Multifamily Building with Land

    612 W Gallatin Street, Vandalia, IL 62471

    $800,000
    20,700 sqft 0.53 AC lot

    1924 three-story building with elevator access, multiple room configurations, and an included parcel in downtown Vandalia.

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    Multi-Family and Commercial Investment
    Multi-Family and Commercial Investment

    4211 & 4213 Lake Land Blvd, Mattoon, IL 61938

    Contact for pricing
    53,579 sqft

    19-unit multi-family and commercial property with consistent gross revenue.

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    49-Unit Apartment Building
    49-Unit Apartment Building

    211 N Kennedy Blvd, Vandalia, IL 62471

    $1,100,000

    Converted from a former high school, the property offers multifamily housing in an Opportunity Zone and County Enterprise Zone.

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    Student Housing Apartment Building
    Student Housing Apartment Building

    2110 Laker Ave, Mattoon, IL 61938

    Contact for pricing

    Stabilized student housing project built in 1998, anchored by Lake Land Community College in Mattoon, IL.

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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.

    Robinson, IL Vacant Double Lot
    Robinson, IL Vacant Double Lot

    814 N Robb St., Robinson, IL 62454

    Contact for pricing
    0.25 AC lot

    Vacant double lot suitable for duplex or apartment construction.

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    Waterfront Residential Building Lot
    Waterfront Residential Building Lot

    1315 Lakeview Drive, Greenville, IL 62246

    $98,000
    0.65 AC lot

    Build your single-family lake home on a 0.65-acre waterfront lot with direct lake access.

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    Residential Lot in Taylorville, IL
    Residential Lot in Taylorville, IL

    LAKESIDE Drive lot: 10, Taylorville, IL 62568

    $44,900

    Residential lot suitable for building with walkout basement potential.

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    Carlyle Land for Dream Home
    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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    Effingham, IL Residential Income Properties Market Trends and Statistics

    Explore 0 residential income properties for sale in Effingham, IL on our real estate platform.

    Demographics Overview

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

    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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