325 W South 3rd Street, Deland, IL

$315,000

Overview

  • 472004
  • Property ID
  • Updated On:
  • April 24, 2026

Description

A rare opportunity to own a piece of local history! Why settle for a standard apartment complex when you can own a local landmark? This stunning schoolhouse has been completely reimagined, blending early 20th-century architecture with modern residential comforts. Currently, the building features five units. These aren’t your typical rentals; they boast the “cool factor” that modern tenants crave. Massive Windows: Flooding rooms with natural light. Original Details: high ceilings, exposed brick, and wide hallways. These units are ready to lease, but the true upside lies in the unfinished wing. With thousands of square feet of additional raw space, the layout easily accommodates 6 to 8 more units, or even an event space in the old gym. The possibilities are endless! You can nearly double your door count without the cost of a ground-up build, not to mention the property is built to a standard of durability rarely seen today. Opportunities of this scale and character are rare. Whether you are looking to expand your portfolio or create a homestead, this schoolhouse is ready for its next chapter.

Climate Control
Air Conditioning
Other Features
Brick
Electricity
Heat Pump
Septic Tank

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$1,615.07
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
  • Private Mortgage Insurance
$ 1,221.32

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Information for the property at 325 W South 3rd Street, Deland, IL, 61839 (Property ID: 472004) is deemed reliable but not guaranteed. Property details, pricing, and availability are subject to change without notice. Buyers should independently verify all information before making any real estate decisions.

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Sunita Kakarlapudi