Lincoln, Illinois – Multi-Family Investment Opportunity
Property Summary
Located in a strategic area of Lincoln, Illinois, this fully renovated 4-unit apartment building offers a unique opportunity for investors. The property has been optimized to the highest quality standards to meet modern living requirements and holds the potential to benefit from local enterprise zone tax incentives
Key Features
Feature
Details
Unit Count
4 Units (Fully Renovated)
Condition
Complete Renovation (Interior & Exterior)
Location
Lincoln, Illinois
Property Type
Multi-Family Residential in Commercial Zone
Modernization and Renovation Details
Interior & Exterior Restoration: The property has been brought up to current standards through comprehensive interior and exterior rehabilitation work conducted throughout the building
Investment Potential: The property is designed for potential conversion into a multi-unit condominium configuration, supported by local enterprise zone tax incentives and investment modeling
Quality Standards: Premium materials and craftsmanship standards were maintained throughout the renovation processes
Investor Note
This property has been developed for high efficiency, taking into account emerging market conditions in Illinois and local incentives. Analyses conducted via cadastral records and investment modeling indicate that the property holds strong potential for both rental income and long-term appreciation
Comprehensive structural analysis data and investment models are available for interested investors upon request.
For sale by owner
$750,000
122 N Logan St, Lincoln, IL 62656
12beds
5,227sqft
Apartment
Built in ----
-- sqft lot
$-- Zestimate®
$143/sqft
$-- HOA
Overview
- 15 days
- 394
- 5
Listed by:
Property Owner (708) 515-1660
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 6
- Full bathrooms: 4
- 3/4 bathrooms: 2
Interior area
- Total interior livable area: 5,227 sqft
Property
Lot
- Size: 5,227 Square Feet
Details
- Parcel number: 0821010500
Construction
Type & style
- Home type: Apartment
Condition
- New construction: No
Community & HOA
Location
- Region: Lincoln
Financial & listing details
- Price per square foot: $143/sqft
- Tax assessed value: $20,880
- Annual tax amount: $638
- Date on market: 8/13/2026
Estimated market value
Not available
Estimated sales range
Not available
$1,964/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/13/2026 | Listed for sale | $750,000+7400%$143/sqft |
Source: Owner Report a problem | ||
| 3/20/2026 | Listing removed | -- |
Source: Owner Report a problem | ||
| 3/15/2026 | Listed for sale | $10,000-37.5%$2/sqft |
Source: Owner Report a problem | ||
| 3/10/2026 | Sold | $16,000+300%$3/sqft |
Source: Public Record Report a problem | ||
| 7/25/2024 | Sold | $4,000-60%$1/sqft |
Source: | ||
| 6/29/2024 | Pending sale | $10,000$2/sqft |
Source: | ||
| 6/4/2024 | Price change | $10,000-50%$2/sqft |
Source: | ||
| 4/18/2024 | Listed for sale | $20,000-60%$4/sqft |
Source: | ||
| 11/12/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 7/29/2021 | Listed for sale | $50,000+25%$10/sqft |
Source: Owner Report a problem | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 8/29/2018 | Listing removed | $40,000$8/sqft |
Source: Owner Report a problem | ||
| 12/29/2017 | Listed for sale | $40,000$8/sqft |
Source: Owner Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $638 -58.9% | $6,960 -57.6% |
| 2023 | $1,553 +2.5% | $16,420 +7% |
| 2022 | $1,515 +3.8% | $15,350 +4.1% |
| 2021 | $1,459 +1.3% | $14,740 +1.5% |
| 2020 | $1,440 +2.2% | $14,520 +2% |
| 2019 | $1,409 | $14,230 |
| 2018 | -- | $14,230 -53.6% |
| 2017 | $1,598 -30.1% | $30,640 +0.1% |
| 2016 | $2,285 | $30,610 +3.5% |
| 2015 | $2,285 | $29,580 |
| 2014 | $2,285 | $29,580 +5.3% |
| 2013 | $2,285 | $28,080 -1.7% |
| 2012 | $2,285 +2.2% | $28,580 +0.2% |
| 2011 | $2,236 +1.5% | $28,530 +0.1% |
| 2010 | $2,202 | $28,510 |
Find assessor info on the county website
Monthly payment
Est. payment
