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Charleston, IL Multifamily Homes & Duplexes for Sale

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  • /5

    $47,000

    • 2,018 Sq Ft

    308 N 7th St, Charleston, IL 61920

    Discover this multi-family property featuring two unique units with close proximity to County Square.Unit#1 boasts 4 spacious bedrooms, 1 bath, showcasing original woodwork, beautiful staircase and hardwood floors that add character and charm. Some replacement windows already installed, this unit offers both style and space. Currently rented for $700 on a mo. to mo. basis. Tenant pays,

    Terri Bailey Coldwell Banker Classic Real Estate

    308 N 7th St, Charleston, IL 61920
  • /12

    $149,900

    802 Van Buren Ave, Charleston, IL 61920

    Unlock strong cash flow with this triplex delivering a solid 10.5% CAP rate and excellent ROI potential. This income-generating property features three fully leased units, including one spacious 2-bedroom unit and two comfortable 1-bedroom units, making it an ideal addition to any investor’s portfolio.Rental Breakdown:Unit 1 (2 Bed): $825/month, Unit 2 (1 Bed): $680/month,Unit 3 (1 Bed):

    Ross Hutchinson All-American Realty

    802 Van Buren Ave, Charleston, IL 61920
  • /20

    $1,399,900

    125 E St, Charleston, IL 61920

    Don't miss this incredible opportunity to add to your portfolio in Charleston! Each of the 18 units offers a spacious living room, eat-in kitchen, two bedrooms and one bath. Sitting just minutes from shopping, restaurants and more you'll love the fantastic income potential found in this one!

    Ryan Dallas RYAN DALLAS REAL ESTATE

    125 E St, Charleston, IL 61920
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    $69,900

    303 N 6th St, Charleston, IL 61920

    Excellent investment opportunity near shopping, restaurants and entertainment in Charleston! This 2 unit home hosts a one bedroom, one bath, as well as a two bedroom, one bath unit. Both are currently rented and offer instant income potential! Sold as is. Take a look today!

    Ryan Dallas Ryan Dallas Real Estate

    303 N 6th St, Charleston, IL 61920

Why Live in Charleston

Charleston, Illinois, is a small city known for its university presence, local dining, and historic attractions. Eastern Illinois University, the largest employer, significantly influences the community, with many residents connected to the institution. The city offers a mix of housing styles, from late 1800s bungalows and cottages to midcentury ranch-style homes and newer developments on the southwest side. Despite low housing inventory, the median home price remains significantly lower than the national average. Charleston Community Unit School District No. 1 serves over 2,600 students and has upgraded its facilities in recent years. The city boasts 13 parks, including the popular Lake Charleston and Fox Ridge State Park, and the Lincoln Prairie Grass Trail, a 12-mile path connecting to Mattoon. Lincoln Avenue features a mix of big-box stores and local eateries like Roc's Blackfront Tavern & Grill and Pagliai's Pizza. The downtown Courthouse Square hosts boutiques, shops, and a farmers market. Eastern Illinois University’s campus is a hub for community events, with venues like the Dounda Fine Arts Center and Tarble Arts Center. Charleston is safer than the national average, offering a low crime risk compared to other areas. The city experiences warm summers and cold winters, averaging 18 inches of snowfall annually. Flood mitigation efforts and an Outdoor Warning Siren System enhance safety. Major thoroughfares like State Routes 130 and 16 connect Charleston to Chicago and Indianapolis, with Willard Airport 47 miles north in Champaign.

Home Trends in Charleston, IL

Housing Trends

Median Sale Price
$159,900
Median Single Family Sale Price
$159,900
Average Price Per Sq Ft
$108
Number of Homes for Sale
5
Last 12 months Home Sales
24
Months of Supply
2.50
Median List Price
$159,900
Median Change From 1st List Price
5%
Median Home Sale Price YoY Change
-51%
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