631 E Grove Avenue Rantoul, IL ^$ 450,000

631 E Grove Avenue

^$ 450,000

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631 E Grove Avenue

Rantoul, IL, 61866

^$ 450,000

Bedrooms7 Baths0.0

Monthly Estimate*

^$ 2,807

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Multi-Family Home for sale in Rantoul, IL

for $450,000 with 7 bedrooms. This home was built in 1960 on a lot size of 0.75.

14 UNIT COMPLEX. Incredible investment opportunity with strong upside potential! Currently has only half the units occupied, generating over $4,400 per month in rental income. With repairs and updates to the remaining units, investors can maximize cash flow by bringing all 14 units online. The front brick building features a 3-bedroom, 1-bath unit with a basement that could easily be finished to add a 4th bedroom and an additional half bath, increasing rental value. The property also includes a shared laundry facility, an oversized one-car garage for maintenance and storage, a lot with ample parking and a common courtyard for tenants. This property is being offered in "AS-IS" condition. With steady rental demand and plenty of room to add value, this property offers excellent income growth and long-term return on investment.

Multi-Family Pending

Price

^$ 450,000

Bedrooms

Property Type

Multi-Family

Taxes

^$ 12,001

Style

Multi-Family

Lot Size

0.75

Year Built

1960

Town/City

Rantoul

County/Region

Champaign

MLS | Web ID

12450400

Features

General

Cooling Central Air Window Unit(s)

Roof Composition

Zoning MULTI

Construction Materials Brick Other Combination

Year Built 1960

Electric Circuit Breakers

Stories Count 2

Township Rantoul

Tax Year 2024

Current Use Multi-Family

Gross Income 81600

County Champaign

Net Operating Income 25826

Operating Expense 55774

Insurance Expense 1220

Property Type Commercial Sale Multi Family 5+

MaintenanceExpense 667

Status Pending

Directions From Route 45 in Rantoul head East on Grove Avenue

City Rantoul

Number Of Units Total 14

MLS Area Northern Champaign County / Ford County

Lot Size Square Feet 32000

Tax Annual Amount 12001.76

Electric Expense 475

Fuel Expense 675

Trash Expense 135

Water Sewer Expense 475

Additional Parcels Y/N N

Standard Status Pending

Exterior

Lot Dimensions 100x320

Lot Size Acres 0.75

* Excluded Features

List By

Town & Country Realty,Llp

Broker

jnettduring@gmail.com

Affordability Calculator

$3,807

Per Month

Monthly Principal & Interest: $2,807
Monthly Property Taxes: $1,000
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Rantoul, IL

Average List Price ^$417,483

Percent of Sale Price 7%

About Rantoul, IL

12,369 Population

-3% Since 2002

^$41,296 Median Income

34.45 Median Age

32% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
8/28/2025	$450,000		Listed Price

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631 E Grove Avenue, Rantoul, IL, 61866 is a Multi-Family Home for sale at $450,000 with a lot size of 0.75. 631 E Grove Avenue has 7 bedrooms, 0.0 baths, and was built in 1960. The property's zip code is 61866 which is in Rantoul, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Data is updated as of 12/8/2025.

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631 E Grove Avenue

Multi-Family Home for sale in Rantoul, IL

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