605 Orchard Street, Macomb, IL

$450,000

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0.64

Acres

About 605 Orchard Street

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.

Features of 605 Orchard Street

MLS® # 12665610
Price $450,000
Bathrooms 0.00
Acres 0.64
Year Built 2006
Type Commercial Sale
Sub-Type Multi Family 5+
Status Contingent

Community Information

Address 605 Orchard Street
Area Macomb
City Macomb
County McDonough
State IL
Zip Code 61455

Amenities

Is Waterfront No
Has Pool No

Interior

Fireplace No
Has Basement No

Additional Information

Days on Market 33
Zoning MULTI
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeMR. LANDMAN

Listing Map

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