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    Lincoln, IL
    Residential Income

    Lincoln, IL Residential Income Properties for Sale

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    Mixed-Use Retail and Apartments
    Updated: Jul 8
    Mixed-Use Retail and Apartments

    608-612 Broadway St, Lincoln, IL 62656

    Contact for pricing
    21,000 sqft
    Mixed‑use property generating rental income from apartments and another commercial tenant
    Located along a busy downtown corridor with local coffee shops, restaurants, retailers, and salons
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    Brick Mixed-Use Building
    Updated: Jun 17
    Brick Mixed-Use Building

    608-612 Broadway Street, Lincoln, IL 62656

    $585,000
    All‑brick mixed‑use building dating back to the early 1900s in downtown Lincoln, IL
    Main level has two retail storefronts, including one occupied space and one vacant storefront
    Second floor includes three fully leased residential apartments, with potential to add a fourth unit
    Additional rear storage space provides extra income potential
    Zoned C‑1, supporting uses such as retail, restaurant, office, salon, and residential
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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 11 Potential Opportunities for your consideration. Besides 2 Active listings in Lincoln, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads, 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 Brick Apartment Property
    10-Unit Brick Apartment Property

    901 State Route 10 W, Clinton, IL 61727

    $189,000

    Two brick buildings offer varied residential layouts with separate gas service and centralized electric billing.

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    10-Unit Brick Apartment Building
    10-Unit Brick Apartment Building

    901 Highway 10, Clinton, IL 61727

    $189,000

    Brick multifamily property with weekly and monthly tenants near highway access.

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    4-Unit Brick Quadplex
    4-Unit Brick Quadplex

    301 N Main Ave, Minier, IL 61759

    Contact for pricing

    Unit mix includes three two-bedroom residences and one one-bedroom residence, with laundry facilities in every unit.

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    All-Brick Four-Unit Quadplex
    All-Brick Four-Unit Quadplex

    301 N Minier Ave, Minier, IL 61759

    Contact for pricing

    All-brick residential income property with shared laundry, inviting common areas, and a landscaped yard.

    View details

    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 Lot in Williamsville
    Residential Lot in Williamsville

    215 Lester Street, Williamsville, IL 62693

    $57,500
    0.50 AC lot

    Residential lot suitable for duplex or single-family home construction.

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    Residential Land on the Lake
    Residential Land on the Lake

    132 Sandy Point Road, Athens, IL 62613

    Contact for pricing
    0.50 AC lot

    Residential land with lake access and seller financing.

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    Residential Lot in Brierwood Subdivision
    Residential Lot in Brierwood Subdivision

    Brierwood Avenue lot: 14, Athens, IL 62613

    Contact for pricing
    1.18 AC lot

    1.18 acre residential lot, partially wooded, suitable for building.

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    Residential Lot Near Rail Golf
    Residential Lot Near Rail Golf

    1237 GOLF CREST Court, Sherman, IL 62684

    $35,000
    0.60 AC lot

    0.6 acre residential lot in Rail Estates, Sherman, IL.

    View details

    Off-Market Properties in Lincoln, IL

    Consider similar Off-Market properties in Lincoln, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    1023 Heitmann Dr
    Land

    1023 Heitmann Dr, Lincoln, IL 62656

    Value Estimation by Request
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    Lincoln, IL Residential Income Properties Market Trends and Statistics

    Explore 3 residential income properties for sale in Lincoln, IL on our real estate platform. These investment opportunities span a total of 21,000 square feet of properties for sale, with an estimated market value of $585,000.

    Sale prices for residential income properties in Lincoln, IL average $585,000 — 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

    Multifamily properties 2
    Triplexes 1

    Demographics Overview

    Population 18K
    Population Growth (5Y) -6.0%
    Median Household Income $59,129
    College Educated 25.1%

    High-Yield Neighborhoods for Investment

    Identify Lincoln submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    62656 $585K

    Taxes & Financing

    Tax Rate (average for all types) 8.36%
    Property Tax per SF $6.81 per SF
    Tax Rate vs County Average 0.46 pp above county avg
    Average Loan-to-Value 65.0%

    Property Size Breakdown

    The majority of commercial real estate listings in Lincoln fall within the 10,000 to 25,000 square foot range.

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