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    Homer, IL
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    Homer, IL Residential Income Properties for Sale

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    Two-Unit Duplex with Detached Garage
    Updated: Sep 24
    Two-Unit Duplex with Detached Garage

    401 S Main Street, Homer, IL 61849

    $152,000
    Two apartments, each approximately 1,224 square feet
    First‑floor unit: 2 bedrooms, 1 bathroom, 10‑foot ceilings, hardwood floors, and original woodwork
    Upper unit: 3 bedrooms, 1 bathroom, and an enclosed porch
    In‑unit washers and dryers; separate furnaces and water heaters for each apartment
    Detached two‑car garage with one parking space per 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 Homer, 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.

    Two-Story Mixed-Use Building
    Two-Story Mixed-Use Building

    320 N Neil Street, Champaign, IL 61820

    $1,250,000
    0.08 AC lot

    Brick commercial property combines a configured bar venue with a leased residential apartment and separate building systems.

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    Restaurant and Residential Building
    Restaurant and Residential Building

    10 E CHESTER ST, Champaign, IL 61820

    Contact for pricing
    7,000 sqft

    Two-level property combines an established restaurant with a large two-bedroom residential unit.

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    7-Unit Townhouse-Style Apartments
    7-Unit Townhouse-Style Apartments

    2012 Vawter Street, Urbana, IL 61801

    $560,000

    Updated, fully occupied apartments with central air, covered parking, and basement storage and laundry areas.

    View details
    Updated Condo with Modern Amenities
    Updated Condo with Modern Amenities

    1310 Brighton Drive #1310, Urbana, IL 61801

    $125,000

    Move-in ready 3-bedroom condo with recent updates and convenient location.

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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.

    Urbana Land Near University
    Urbana Land Near University

    1950 High Cross Road N, Urbana, IL 61802

    $349,900
    15.00 AC lot

    15-acre property near Urbana, suitable for development or hobby farm.

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    Urbana Homesite in Green Subdivision
    Urbana Homesite in Green Subdivision

    3002 N Brickhouses Road, Urbana, IL 61802

    $140,000
    0.88 AC lot

    0.88 acre homesite in sustainable living neighborhood.

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    Wooded Land in Urbana, Illinois
    Wooded Land in Urbana, Illinois

    Raintree Woods Drive lot: 9, Urbana, IL 61802

    $99,900
    1.00 AC lot

    One acre of wooded land near Urbana, ideal for building.

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    Urbana Land For Sale
    Urbana Land For Sale

    402 W Griggs Street, Urbana, IL 61801

    $400,000
    1.08 AC lot

    Commercial land available in Urbana, Illinois.

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    Homer, IL Residential Income Properties Market Trends and Statistics

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

    Sale prices for residential income properties in Homer, IL average $152,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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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 1,882
    Population Growth (5Y) -5.9%
    Median Household Income $95,000
    College Educated 22.2%

    Taxes & Financing

    Tax Rate (average for all types) 7.93%
    Property Tax per SF $92.67 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Champaign County

    New Delisted

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