BEDS0
BATHS
MLS#12665610
STATUSNew
PROPERTY TYPEMulti Unit - Multiple
Property Description
This 10-unit multifamily investment opportunity is located just blocks from Western Illinois University in Macomb and currently serves a mix of both student and young professional tenants. With strong rental demand generated by WIU and surrounding employers, the property offers investors stable cash flow and long-term upside potential. The property consists of the following unit mix: * 7) Three Bedroom / One Bathroom Units * 1) Two Bedroom / One Bathroom Unit * 1) One Bedroom / One Bathroom Unit * 1) Studio Unit Current rental rates range from approximately $600 to $750 per month depending upon unit size and configuration. The property is currently approximately 90% occupied with ownership anticipating the property being fully occupied by August. Lease expiration dates are staggered, helping reduce turnover concentration and minimizing vacancy exposure. The property currently houses both students and young professionals, creating a diversified tenant base rather than relying solely upon student housing demand.
Property Features
Property Type: Multi Unit - Multiple
Lot Size: 0.64 Acres
Stories: 2.0
Taxes: $12,660
Year Built: 2006
Feature Descriptions
HVAC: Separate Per Unit
Lot Dimensions: 172 x 162
Parcel#: 11100845000000
Units: 10
Listed By / Shown By
Listed By
Agency Name: MR. LANDMAN
Agency Phone: 217-202-0924
Shown By
Agent Name: Lindsaye Fields
Agent Phone: (815) 540-6720
Agency Title: Dickerson & Nieman Realtors
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Estimated Payment
$ 2,187.75 per month $1,001.50 Principal & Interest $1,055.00 Property Tax $131.25 Homeowner's InsuranceChange Payment Information
Lindsaye Fields
Cell: (815) 540-6720
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605 Orchard Street | MLS# 12665610
This multi-family property located at 605 Orchard Street , Macomb, IL 61455 is currently listed for sale with an asking price of $450,000. Search Macomb real estate on lindsayefields.dickersonnieman.com today.