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Street View
$625,000
Monthly Est:$3,111
7 Beds
4 Baths
--sqft
275 E Prairie St, Manhattan, IL 60442
$625,000
$3,111/moEst:
Get Pre-Approved
Multi Family
Built in 1969
$-- HOA
-- sqft lot
--/sqft
Description
*** Brand NEW roof installed July 2026. All units updated too. Rarely does an opportunity like this hit the market in the heart of rapidly growing Manhattan - a solid brick, fully occupied 4-unit investment property perfectly positioned in one of Will County's most desirable suburban communities known for its top-rated schools, strong household incomes, commuter convenience, and small-town charm. This well-maintained two-story building offers an ideal unit mix with three spacious 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit, with most interiors thoughtfully updated and improved within the last three years to appeal to today's tenants. Investors will appreciate the simplified management structure with all-electric appliances, electric heat, and separate electric hot water heaters, along with updated windows within the last 11 years and a renovated common laundry area that adds additional tenant convenience and long-term value. The property also features abundant rear parking plus additional front parking, a major advantage for tenants seeking suburban ease and functionality. Located on a quiet residential street just moments from downtown Manhattan, local restaurants, shopping, transportation, parks, and highly regarded school districts. This property checks every box for investors seeking stable occupancy, long-term appreciation potential, and consistent suburban rental demand. Manhattan continues to attract families, commuters, and professionals looking for a quieter lifestyle with access to Chicago via Metra while enjoying the benefits of a high homeownership community with continued residential growth and limited multifamily inventory. Opportunities to acquire turnkey, income-producing brick multifamily assets in locations like this are becoming increasingly difficult to find, making this an exceptional addition for seasoned investors, 1031 exchange buyers, or those looking to break into multifamily ownership with a low-maintenance, high-demand suburban asset positioned for long-term success. The building next door at 265 is also being sold. Double your investment(s)
- Houzeo last checked: 5 hours ago
- Listing updated: August 23, 2026 at 5:06 am
- Listing Provided by: Anastasia Rimovsky (708) 268-0744 | Village Realty, Inc. (708) 478-1212
- Source: MRED MLS-IL | MLS#: 12647590
Part of
Property Details
Status
Active
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
--
Year Built
1969
HOA Fees
-
Finished Area
- sqft
Lot Size
-- sqft lot
Basement Area
- sqft
MLS Name
MRED MLS
MLS Number
12647590
MLS Status
Active
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 7
Bathrooms: 4
Interior
Sewer
Public Sewer
Heating
Electric
Construction
Year Built
Year Built: 1969
Home type
Multi Family
Construction Materials
Brick
Utilities & Energy
Water Source
Public
Basement
None
Parking Features
Unassigned, Yes, Owned
Price History
| Date | Event | Price |
|---|---|---|
08/17/2026 Source: | Price Decreased | $625,000 -3.10% $0/sqft |
07/20/2026 Source: | Listed for Sale | $645,000 -0.77% $0/sqft |
07/10/2025 Source: | Listing Removed | $650,000 $0/sqft |
05/28/2025 Source: | Price Decreased | $650,000 -3.70% $0/sqft |
03/25/2025 Source: | Off Market | $675,000 $0/sqft |
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This representation is based in whole or in part on data supplied by Midwest Real Estate Data, LLC through Oct 09, 2026, 02:30PM. Midwest Real Estate Data, LLC does not guarantee nor is it in any way responsible for its accuracy. Data maintained by Midwest Real Estate Data LLC may not reflect all real estate activity in the market. Based on information submitted to the MLS GRID as of Oct 09, 2026, 02:30PM. All data is obtained from various sources and has not been, and will not be, verified by broker or MLS GRID. Supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. Some IDX listings have been excluded from this website. Information is provided exclusively for consumers’ personal non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID, MRED or Houzeo. The use of the MLS GRID Data may be subject to an end user license agreement. Properties displayed may be listed or sold by various participants in the MLS, Listings courtesy of MRED as distributed by MLS GRID. ©2026 Midwest Real Estate Data LLC. All Rights Reserved
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