Groveland, IL Residential income properties for sale

Updated: May 2, 2025

Newly Remodeled Mixed-Use Building

19478 SPRINGFIELD Road, Groveland, IL 61535

$565,000

0.44 AC lot

Mixed‑use building with 2 residential apartments and 3 commercial units
Fully occupied with long‑term tenants and long‑term leases
In‑place NOI of $51,216 and gross income of $62,556
Reported strong 9.07% cap rate with minimal landlord responsibilities
Built in 1979 with central air and natural gas forced‑air heating

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Updated: May 13, 2025

5-Unit Mixed-Use Apartment Building

19478 SPRINGFIELD Road, Groveland, IL 61535

$565,000

Two residential apartments plus three commercial units (five total)
Reported fully occupied with long‑term tenants and long‑term leases
Newly remodeled mixed‑use building with minimal landlord responsibilities
Reported 9.07% cap rate; in‑place long‑term lease profile
Forced air heating and zoned central air; shingle roof

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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 10 Potential Opportunities for your consideration. Besides 2 Active listings in Groveland, 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.

8-Unit Apartment Building

740 E SHORE Drive, Pekin, IL 61554

$674,900

0.64 AC lot

Well-maintained 8-unit property with in-apartment laundry and central air, on a 0.639-acre site near Lake Arlann.

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Furnished Triplex Airbnb Rental

1104 S 10TH Street, Pekin, IL 61554

$249,000

Remodeled, fully furnished three-unit triplex currently operating as an Airbnb, with shared laundry for two units.

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Four-Unit Quadplex with Commercial Space

220 & 222 MEADOW Avenue, East Peoria, IL 61611

$280,000

Four residential apartment units with additional commercial space in a B2-zoned East Peoria mixed-use property.

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All-Brick Tri-Plex with Parking

1315 Springfield, East Peoria, IL 61611

Contact for pricing

All-brick tri-plex offers three two-bedroom units with shared interior laundry and dedicated storage.

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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.

Residential Land in East Peoria

101 AMELIA Drive, East Peoria, IL 61611

$43,500

Land for sale in a newly developed East Peoria subdivision.

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Residential Lots in East Peoria

406 SHADY KNOLLS Drive, East Peoria, IL 61611

Contact for pricing

Residential land in a newly developed East Peoria subdivision.

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Residential Land in East Peoria

104 AMELIA Drive, East Peoria, IL 61611

$33,500

Land for sale in a newly developed East Peoria subdivision.

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Residential Land in East Peoria

108 AMELIA Drive, East Peoria, IL 61611

$35,500

Land for sale in a newly developed East Peoria subdivision.

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Groveland, IL Residential Income Properties Market Trends and Statistics

Explore 2 residential income properties for sale in Groveland, IL on our real estate platform.

Sale prices for residential income properties in Groveland, IL average $565,000 — 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
61535	$565K

Neighborhood

Average Price

61535

$565K

Groveland, IL Residential Income Properties for Sale

19478 SPRINGFIELD Road, Groveland, IL 61535

19478 SPRINGFIELD Road, Groveland, IL 61535