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300 E 2nd Street, Pana, IL, 62557

Whether you're looking to expand your investment portfolio or take your first step into real estate investing, this fully occupied income-producing property is an excellent opportunity. The property features seven one-bedroom, one-bathroom units, all currently leased and generating rental income. Recent improvements include a new roof installed in 2024 and a renovated Apartment #4. A coin-operated laundry area provides added convenience for tenants and additional income potential. Showings are available by appointment only, and advance notice is required. Call today to schedule your private viewing!

Status: Active · MLS# 25019756 · Listing Courtesy of Fayette County Real Estate

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Subdivision: Railroad Add

List Price

$ 179,000

Status

Active

Days on market

549

MLS#

25019756

Bedrooms

0

Full baths

0

Sq. Ft. Above

2,116

Subdivision

Railroad Add

School District

PANA DIST 8

County

Christian

Property Type

Residential Income

Transaction Type

Sale

Type

Residential Income

Age

135

Conditions

Apartment Complex

Additional Information

Property Tax (2025)

$2,571

Recent Nearby Sales in 62557

Last 6 closed homes in this zip.

Address Bd/Ba SqFt List Sold Closed
1609 E 350 North Road, Pana, IL 62557 4/2 3,396 $340,000 $340,000
100% of ask
Sep 8, 2026
15 Oak Tree Lane, Pana, IL 62557 2/1 915 $50,000 $112,360
224.7% of ask
Apr 13, 2026
308 N Locust Street, Pana, IL 62557 3/2 1,390 $98,500 $98,500
100% of ask
Nov 26, 2025
314 Hickory, Pana, IL 62557 3/3 1,332 $95,500 $93,500
97.9% of ask
Jun 27, 2025
0 N 600 East Road, Pana, IL 62557 0/0 -- $85,000 $75,000
88.2% of ask
Jun 13, 2025
700 S Cedar Street, Pana, IL 62557 3/3 1,600 $219,500 $200,000
91.1% of ask
Jan 10, 2025

Price & Listing History

Listed for sale
Apr 8, 2025 at $184,000
Price reduced by $5,000 (2.7%)
From $184,000 to $179,000
Current status: Active
As of Oct 5, 2026 · $179,000

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