Residential Income

Farmer City, IL Residential Income Properties for Sale

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Arrowsmith, IL De Witt, IL De Land, IL Le Roy, IL Bellflower, IL Weldon, IL Fisher, IL Mahomet, IL
Six Townhome Apartment Building
Updated: Apr 12
Six Townhome Apartment Building

502 N Main St, Farmer City, IL 61842

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1,230 sqft
Six two‑story townhome units, each with 3 bedrooms and 1.5 bathrooms
Each unit offers 1,230 SF with an open living/dining room floor plan and a gas fireplace
Kitchens include a refrigerator, dishwasher, stove, and microwave
Each unit has a mud room/laundry area with laundry hookups
Attached garages include openers, plus large patios for each unit
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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 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.

10-Unit Apartment Building with Two Brick Buildings
10-Unit Apartment Building with Two Brick Buildings

901 State Route 10 W, Clinton, IL 61727

$189,000

Two all-brick buildings on a prominent corner lot off State Route 10, offering 10 residential units under COMMR zoning.

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Downtown Mixed-Use Retail Building
Downtown Mixed-Use Retail Building

405 South Side Square, Clinton, IL 61727

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5,412 sqft

Two storefront and four-upstairs apartment building with newer windows and a re-rolled rubber roof.

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Duplex Portfolio with Two-Car Garages
Duplex Portfolio with Two-Car Garages

805 Prestwick Point, Champaign, IL 61822

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Turnkey portfolio of 11 duplex buildings with fully leased 3- and 2-bedroom units featuring two-car garages.

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Multifamily Apartment Community
Multifamily Apartment Community

2106 W White St, Champaign, IL 61821

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Market-rate multifamily community with over 500 units and an active renovation program, including a newly built clubhouse.

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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.

Downs, IL 25-Acre Land Parcel
Downs, IL 25-Acre Land Parcel

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

$675,000
25.00 AC lot

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

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Residential Lot in Heyworth, IL
Residential Lot in Heyworth, IL

14607 Knob Hill Drive, Heyworth, IL 61745

$74,500
0.78 AC lot

Large residential lot in established Heyworth neighborhood.

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Buildable Lot in Crestwicke
Buildable Lot in Crestwicke

Palmer Way lot: 13 - 15850, Bloomington, IL 61705

$87,000
0.40 AC lot

Generous .4 acre lot in desirable Crestwicke neighborhood.

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Greencroft Homesite Near Country Club
Greencroft Homesite Near Country Club

21 Greencroft Drive, Champaign, IL 61821

$375,000
0.54 AC lot

Luxury homesite in established community near Champaign Country Club.

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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 1,230 square feet of properties for sale.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Apartment buildings 1
Multifamily properties 1

Demographics Overview

Population 2,577
Population Growth (5Y) -5.5%
Median Household Income $79,167
College Educated 23.2%

Taxes & Financing

Tax Rate (average for all types) 8.30%
Property Tax per SF $51.54 per SF
Average Loan-to-Value 65.0%

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