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    Shannon, IL
    Residential Income

    Shannon, IL Residential Income Properties for Sale

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    Lake Carroll, IL Pearl City, IL Forreston, IL Freeport, IL Eleroy, IL Polo, IL Mount Carroll, IL Mt Carroll, IL
    12-Unit Resort Property
    Updated: Aug 28
    12-Unit Resort Property

    24366 Payne Road, Shannon, IL 61078

    $1,200,000
    2,720 sqft 10.00 AC lot
    12 individual rental units across four duplex‑style buildings and four individual cabins
    10‑acre resort property with approximately 3.5+/- acres of open space along the south side
    Mixed‑use office/shop building with approximately 1,520 sq. ft. of shop space and 1,200 sq. ft. of living space
    Interconnected driveways, designated parking areas, walking paths, and communal shelter/pavilion
    Year‑round rental operation with more than 20 years of operating history
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    Updated Mixed-Use Property
    Updated: Sep 19
    Updated Mixed-Use Property

    13 East Market Street, Shannon, IL 61078

    $74,000
    0.09 AC lot
    Mixed‑use building with commercial space on the main level and an upstairs apartment
    Built in 1858
    Updated mechanical systems, lighting, and interior finishes
    0.09‑acre parcel at 13 East Market Street
    Upstairs apartment is currently rented
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    Updated Mixed-Use Building
    Updated Mixed-Use Building

    13 E Market St, Shannon, IL 61078

    $74,000
    840 sqft

    Two-level property combining commercial space with an upstairs apartment and recent mechanical and lighting improvements.

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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 3 Active listings in Shannon, 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.

    Renovated Two-Unit Duplex
    Renovated Two-Unit Duplex

    1110 S Oak Ave, Freeport, IL 61032

    $115,000
    2,710 sqft

    Each residence contains three bedrooms, and occupants pay their own utilities.

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    Mixed-Use Building with Apartments
    Mixed-Use Building with Apartments

    101 W Market Street, Mount Carroll, IL 61053

    $192,000
    7,768 sqft

    Two-level commercial property with retail space, four apartments, storage, and a lower-level garage.

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    Historic Mixed-Use Property
    Historic Mixed-Use Property

    102 E Market Street, Mount Carroll, IL 61053

    $319,000
    6,638 sqft

    Combines dedicated office improvements with five residential apartments and an unfinished basement area.

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    24-Property Multifamily Portfolio
    24-Property Multifamily Portfolio

    707-709 West Elk Street, Freeport, IL 61032

    Contact for pricing
    9,782,884 sqft

    Fully leased multifamily portfolio comprising 24 properties.

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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.

    Golf Course Frontage Land
    Golf Course Frontage Land

    4-1R Grandview Drive, Lanark, IL 61046

    Contact for pricing
    0.52 AC lot

    Residential land on a golf course near Lake Carroll amenities.

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    Lake Carroll Golf Course Lot
    Lake Carroll Golf Course Lot

    23-5 Lake Carroll Boulevard, Lake Carroll, IL 61046

    Contact for pricing
    1.49 AC lot

    1.49-acre golf course lot near Lake Carroll amenities.

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    Land with Panoramic Country Views
    Land with Panoramic Country Views

    25-26 Lake Carroll Boulevard, Lake Carroll, IL 61046

    Contact for pricing
    1.95 AC lot

    1.95 acre building site in Lake Carroll, Illinois.

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    Wooded Lot with Lake Access
    Wooded Lot with Lake Access

    22-2 Lakewood Court, Lake Carroll, IL 61046

    Contact for pricing
    1.08 AC lot

    Acre+ wooded lot with deeded boat slip near amenities.

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    Shannon, IL Residential Income Properties Market Trends and Statistics

    Explore 3 residential income properties for sale in Shannon, IL, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 3,560 square feet of properties for sale, with an estimated market value of $1,348,000.

    Sale prices for residential income properties in Shannon, IL start at $74,000, averaging $449,333, and reaching up to $1,200,000 — 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 1
    Short term rental properties 1

    Demographics Overview

    Population 1,411
    Population Growth (5Y) +12.6%
    Median Household Income $75,150
    College Educated 23.2%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    61078 $449.3K

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Carroll County

    New Delisted

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