Farmer City, IL Residential income properties for sale

$115,000

Turn-Key Duplex Investment Opportunity

101 W Richardson Street, Farmer City, IL 61842

Well-maintained duplex with strong rental history and recent updates.

Well‑maintained duplex built in 1978 with public water and public sewer
Unit 101 rents for $550/month and is leased through January 2028
Unit 101 1/2 rents for $650/month
Newer roof installed in 2024
Each unit is separately metered for utilities; tenants handle mowing and trash service

Updated: Oct 13, 2025

Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Farmer City, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, 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.

Commercial Property with Residential Home

$1,250,000

7,800 SF

Commercial Property with Residential Home

10-acre commercial property with income, residential home, expansion potential.

3612 W Bloomington Road, Champaign, IL 61822

View details

$230,000

0.30 Acres

All-Brick Duplex in Champaign, IL

Well-maintained duplex with hardwood floors and strong rental history.

1210-1212 Julie Drive, Champaign, IL 61821

View details

New Multifamily Community in Bloomington

$11,900,000

63,266 SF

New Multifamily Community in Bloomington

New 56-unit multifamily community in Bloomington, construction in 2026.

501 Lutz Rd, Bloomington, IL 61704

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$120,000

South Hill Duplex Investment Opportunity

Well-maintained South Hill duplex, ideal for investors or owner-occupants.

1309 S Main Street, Bloomington, IL 61701

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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.

$675,000

25.00 Acres

Downs, IL 25-Acre Land Parcel

25-acre parcel in Downs, IL, suitable for building.

E 700 N Road lot: 8, Downs, IL 61736

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$189,900

Prime Lot in Sherwood Subdivision

Spacious lot in Bloomington's Sherwood subdivision, Tri-Valley School District.

19977 Jared Drive, Bloomington, IL 61705

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$45,000

0.43 Acres

Residential Lot in Heyworth, Illinois

Almost half-acre lot for building a dream home.

704 Russell Court, Heyworth, IL 61745

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$74,500

0.78 Acres

Residential Lot in Heyworth, IL

Large residential lot in established Heyworth neighborhood.

14607 Knob Hill Drive, Heyworth, IL 61745

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Farmer City, IL Residential Income Properties Market Trends and Statistics

Explore 1 residential income properties for sale in Farmer City, IL on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $115,000.

Sale prices for residential income properties in Farmer City, IL start at $115,000, averaging $115,000, and reaching up to $115,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Neighborhood	Average Price
61842	$115K

Neighborhood

Average Price

61842

$115K

Farmer City, IL Residential Income Properties for Sale

101 W Richardson Street, Farmer City, IL 61842