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Rantoul, IL

Residential Income

Rantoul, IL Residential Income Properties for Sale

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Thomasboro, IL Ludlow, IL Gifford, IL Champaign, IL Urbana, IL Fisher, IL Paxton, IL Saint Joseph, IL

16-Unit Brick Apartment Complex

Updated: May 1, 2025

16-Unit Brick Apartment Complex

1942 COUNTY ROAD 3000N, Rantoul, IL 61866

$685,000

1.45 AC lot

Two‑building, all‑brick apartment complex with 16 total units
South building has four two‑bedroom units and two one‑bedroom units
North building features ten one‑bedroom units
Electric‑only apartments: electric heat, electric water heater, and electric cooking ranges (no gas service)
Owned well and septic systems; new septic installed in 2017 and 2022

52-Pad Mobile Home Community

Updated: Mar 3

52-Pad Mobile Home Community

1 Mahoning Ave, Rantoul, IL 61866

Contact for pricing

186,436 sqft

52‑pad mobile home community in Rantoul, IL with 49 of 52 pads occupied.
~4.28 acres; originally developed in 1960 with approved mobile home park zoning and not in a designated flood zone.
TOH/POH mix: 36 tenant‑owned homes at avg $425 lot rent/month and 10 park‑owned homes at avg ~$800/month (seller holds clear title).
Utilities include municipal water and sewer with submetering for back‑billed costs; each pad has a 100‑amp electrical pedestal; electricity and natural gas are directly metered.
Asphalt internal roads reported in good condition; tenants mow individual lots and clear driveways in winter, while ownership handles snow removal for park roads and maintains vacant pads/common areas.

Residential Income Property

Residential Income Property

8 Mahoning Ave, Rantoul, IL 61866

Contact for pricing

For sale with assumable agency financing featuring 4.12% interest and four additional years of interest-only payments.

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 21 Potential Opportunities for your consideration. Besides 3 Active listings in Rantoul, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 10 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.

Renovated Mixed-Use Building with Retail

Renovated Mixed-Use Building with Retail

218 W Main Street, Urbana, IL 61801

$995,000

7,750 sqft

Historic Stephen's Building offers two leased ground-floor retail spaces and four fully renovated apartments.

Improved Commercial Land with Mobile Park

Improved Commercial Land with Mobile Park

3202 E University Ave, Urbana, IL 61802

Contact for pricing

1.88 AC lot

Improved corner commercial parcel with an operating mobile home park, including nine occupied pads and metered utilities.

Mixed-Use Investment Property

Mixed-Use Investment Property

202 N Market St, Paxton, IL 60957

Contact for pricing

Two-story mixed-use building with first-floor retail and restaurant use and five apartments on the second floor.

Downtown Mixed-Use Retail Building

Downtown Mixed-Use Retail Building

114 South Market Street, Paxton, IL 60957

Contact for pricing

First-floor retail meat store and three second-floor apartments create a versatile downtown mixed-use layout.

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 Rantoul, IL

Residential Lot in Rantoul, IL

207 MARCO Drive, Rantoul, IL 61866

Contact for pricing

Large vacant residential lot in South Rantoul, former Chanute AFB.

Vacant Lot in Thomasboro, IL

Vacant Lot in Thomasboro, IL

704 W Fredrick Street lot: 44, Thomasboro, IL 61878

$42,000

0.40 AC lot

Build-ready lot with utilities and new garage roof.

Premium Lot in Urbana, IL

Premium Lot in Urbana, IL

3008 Brickhouses Road, Urbana, IL 61802

$195,000

1.24 AC lot

Large 1.24 acre lot near Urbana with utilities.

Urbana Homesite in Green Subdivision

Urbana Homesite in Green Subdivision

3002 N Brickhouses Road, Urbana, IL 61802

$150,000

0.88 AC lot

0.88 acre homesite in sustainable living neighborhood.

Off-Market Properties in Rantoul, IL

Consider similar Off-Market properties in Rantoul, 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.

355 Nn Dr

MOBILE HOME PARK, TRAILER PARK

355 Nn Dr, Rantoul, IL 61866-1140

$815,000

Estimated value

2186 County Rd 3000th N

MOBILE HOME PARK, TRAILER PARK

2186 County Rd 3000th N, Rantoul, IL 61866-9507

$230,000

Estimated value

1,287 sqft 4.00 AC lot

1340 Pinoak Ln

MOBILE HOME PARK, TRAILER PARK

1340 Pinoak Ln, Rantoul, IL 61866-3245

$390,000

Estimated value

21.99 AC lot

1200 Aspen Dr

MOBILE HOME PARK, TRAILER PARK

1200 Aspen Dr, Rantoul, IL 61866-1241

$350,000

Estimated value

16.05 AC lot

1 Mahoning Ave

MOBILE HOME PARK, TRAILER PARK

1 Mahoning Ave, Rantoul, IL 61866-1238

Value Estimation by Request

317 Scott St

MOBILE HOME PARK, TRAILER PARK

317 Scott St, Rantoul, IL 61866-1452

$50,000

Estimated value

333 Nn Dr

MOBILE HOME PARK, TRAILER PARK

333 Nn Dr, Rantoul, IL 61866-1142

Value Estimation by Request

63 Fountain Vly

MOBILE HOME PARK, TRAILER PARK

63 Fountain Vly, Rantoul, IL 61866-3438

$380,000

Estimated value

41.43 AC lot

496 Chandler Rd

MOBILE HOME PARK, TRAILER PARK

496 Chandler Rd, Rantoul, IL 61866

$250,000

Estimated value

0.64 AC lot

1938 County Rd 3000th N

MOBILE HOME PARK, TRAILER PARK

1938 County Rd 3000th N, Rantoul, IL 61866-9509

$265,000

Estimated value

11.08 AC lot

Rantoul, IL Residential Income Properties Market Trends and Statistics

Explore 13 residential income properties for sale in Rantoul, IL, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 186,436 square feet of properties for sale, with an estimated market value of $685,000.

Sale prices for residential income properties in Rantoul, IL average $685,000 — 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

Demographics Overview

Population 13K

Population Growth (5Y) -6.2%

Median Household Income $51,389

College Educated 18.3%

High-Yield Neighborhoods for Investment

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

Neighborhood	Average Price
61866	$685K

Taxes & Financing

Tax Rate (average for all types) 9.74%

Property Tax per SF $35.14 per SF

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Champaign County

New Delisted

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