Manhattan, IL Residential income properties for sale

Updated: May 13

Brick Four-Unit Multifamily Property

265 E Prairie Street, Manhattan, IL 60442

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Fully occupied 4‑unit brick building built in 1969
Unit mix: three 2BD/1BA units and one 1BD/1BA unit
Most interior updates completed within the last 3 years
All‑electric utilities with electric heat and separate electric hot water heaters for simplified management
Roof and windows updated within the last 11 years; renovated common laundry area

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Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Manhattan, 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.

Vacant 2-Flat Plus Coach House

940 Troost Ave, Forest Park, IL

$690,000

0.36 AC lot

Fully vacant duplex includes a coach house, off-street parking for up to 12 cars, and updated kitchens and baths.

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Updated Two-Unit Duplex

1307 E Cass Street, Joliet, IL 60432

$338,999

0.10 AC lot

Two apartments feature refreshed kitchens, baths, flooring, and appliances, plus a first-floor den or office with patio access.

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Mixed-Use Warehouse and Apartment Property

1401-1409 Cornelius Avenue, Joliet, IL 60433

$1,195,000

1.90 AC lot

Multi-structure property combines warehouse units with apartments, parking, a storage container, and a recently replaced roof.

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12-Unit Brick Apartment Building

7301 DIXON ST, Forest Park, IL

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Brick apartment property with on-site parking and predominantly outdated or month-to-month leases.

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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.

10 Acres in Downtown Manhattan

W Waterford Lane, Manhattan, IL 60442

$600,000

10.00 AC lot

10 acres of land zoned for duplex units.

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Briarwood Place Townhome Land Opportunity

1351 E Lincoln Highway, New Lenox, IL 60451

$999,995

9.90 AC lot

Shovel-ready land assembly for townhome development in New Lenox, IL.

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Residential Land in Steeple Run

1245 GEORGIAS Way, New Lenox, IL 60451

$1,490,900

0.49 AC lot

Desirable lot in New Lenox's prestigious Steeple Run subdivision.

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Mokena Land with Development Potential

10508 West La Porte Road, Mokena, IL 60448

$699,000

2,200 sqft 5.00 AC lot

Five acres with existing home and plans for nine homesites.

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Manhattan, IL Residential Income Properties for Sale

265 E Prairie Street, Manhattan, IL 60442