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About This Home
This 0-bedroom, 0-bathroom residential multi family at 605 Orchard Street in Macomb, IL is listed for $450,000. Built in 2006, on a 0.64 acres lot.
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.
Key Features
- Built in 2006
- 0.64 acre lot
- 2 stories
Property Details
Monthly Cost Estimate
$2,407/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
605 Orchard Street
Macomb, IL 61455
Questions & Answers
This 0-bedroom, 0-bathroom residential multi family at 605 Orchard Street is listed at $450,000. The estimated monthly payment is $1,950 based on 20% down at 6.5% interest.
Key features include: Built in 2006, 0.64 acre lot, 2 stories.
This property is listed by Jon Fisher and can be reached at (217) 202-0924 or jonfisher1991@gmail.com.