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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 Fisher, IL Champaign, IL Dewey, IL Paxton, IL Urbana, IL

16-Unit Apartment Complex

Updated: May 1, 2025

16-Unit Apartment Complex

1942 COUNTY ROAD 3000N, Rantoul, IL 61866

$685,000

1.45 AC lot

16 units across two all‑brick apartment buildings
Unit mix includes four 2‑bedroom and twelve 1‑bedroom apartments
1.45‑acre site at 1942 County Road 3000N, Rantoul, IL 61866
Private well and septic systems; septic systems installed in 2017 and 2022
Electric heat, water heaters, ranges, and window or wall‑mounted A/C units

16-Unit Brick Apartment Buildings

Updated: May 1, 2025

16-Unit Brick Apartment Buildings

1942 County Road 3000 North, Rantoul, IL 61866

$685,000

63,732 sqft

16 total units across two all‑brick apartment buildings
Unit mix includes four two‑bedroom apartments and twelve one‑bedroom apartments
Private well and septic systems; new septic systems installed in 2017 and 2022
Electric heat, water heaters, and cooking ranges; no gas service
Owner provides refrigerators, ranges, and window or wall‑mounted A/C units

52-Pad Mobile Home Community

52-Pad Mobile Home Community

1 Mahoning Ave, Rantoul, IL 61866

Contact for pricing

186,436 sqft

52-pad mobile home community with 49 occupied, municipal water and sewer, and off-street parking for residents.

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.

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.

Four-Unit Quadplex

Four-Unit Quadplex

403 W Columbia Avenue, Champaign, IL 61820

$259,000

0.20 AC lot

Four one-bedroom, one-bath residences with driveway parking and public utilities.

Mixed-Use Property with Shop Area

Mixed-Use Property with Shop Area

507 Crystal Lake Drive, Urbana, IL 61802

$139,900

0.32 AC lot

Existing improvements combine an apartment with a dedicated shop area.

Furnished Residential Income Condo

Furnished Residential Income Condo

1905 N Lincoln Avenue #327, Urbana, IL 61801

$192,500

Each bedroom has a private bathroom, with furnishings and appliances included.

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

$37,500

0.40 AC lot

Build-ready lot with utilities and new garage roof.

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.

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.

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

Estimated value:

$815,000

2186 County Rd 3000th N

MOBILE HOME PARK, TRAILER PARK

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

Estimated value:

$230,000

1,287 sqft 4.00 AC lot

1340 Pinoak Ln

MOBILE HOME PARK, TRAILER PARK

1340 Pinoak Ln, Rantoul, IL 61866-3245

Estimated value:

$390,000

21.99 AC lot

1200 Aspen Dr

MOBILE HOME PARK, TRAILER PARK

1200 Aspen Dr, Rantoul, IL 61866-1241

Estimated value:

$350,000

16.05 AC lot

1 Mahoning Ave

MOBILE HOME PARK, TRAILER PARK

1 Mahoning Ave, Rantoul, IL 61866-1238

Estimated value: by Request

317 Scott St

MOBILE HOME PARK, TRAILER PARK

317 Scott St, Rantoul, IL 61866-1452

Estimated value:

$50,000

333 Nn Dr

MOBILE HOME PARK, TRAILER PARK

333 Nn Dr, Rantoul, IL 61866-1142

Estimated value: by Request

63 Fountain Vly

MOBILE HOME PARK, TRAILER PARK

63 Fountain Vly, Rantoul, IL 61866-3438

Estimated value:

$380,000

41.43 AC lot

496 Chandler Rd

MOBILE HOME PARK, TRAILER PARK

496 Chandler Rd, Rantoul, IL 61866

Estimated value:

$250,000

0.64 AC lot

1938 County Rd 3000th N

MOBILE HOME PARK, TRAILER PARK

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

Estimated value:

$265,000

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 250,168 square feet of properties for sale, with an estimated market value of $1,370,000.

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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