10-Unit Multifamily Investment
605 Orchard Street Macomb, IL 61455
605 Orchard Street, Macomb, IL, 61455
$450,000
For Sale
Under Contract
$450,000
MULTI_FAMILY - Macomb, IL
Lot Size0.64 Acres
Days on Market47
Property Features for 605 Orchard Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- MULTI
- Standard status
- Active Under Contract
- APN
- 11100845000000
- Lot size
- 0.64 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 12660
Building Details
- Year built
- 2006
- Floors in Building
- 2
- Number of units
- 10
Listing Agency
MR. LANDMAN
(217) 202-0924
968 County Road 1000 N, Champaign, IL
Listed by
Jon Fisher · License #OHBRKP.2025001469
(217) 202-0924
Added: Jun 2 Checked: Jul 18 at 6:06 am
MLS# 12665610
Listing URL
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Investment Insights
Based on property information with market context.
This 10-unit multifamily investment opportunity is currently approximately 90% occupied and is expected to reach full occupancy by August. The property is a mix of unit types designed to serve a range of household needs, including seven three-bedroom, one-bath units, one two-bedroom, one-bath unit, one one-bedroom, one-bath unit, and one studio unit. Lease terms are staggered, which helps spread turnover risk and reduce the impact of vacancy clustering.
Located just blocks from Western Illinois University in Macomb, the property benefits from rental demand tied to the WIU market and nearby employers. The tenant base currently includes both students and young professionals, supporting a diversified occupancy profile rather than relying solely on student housing demand.
For investors, this configuration can offer steadier cash-flow characteristics given the current in-place occupancy and the expectation of continued leasing through August. The mix of unit sizes can also appeal to buyers seeking flexibility in resident demographics and longer-term demand drivers tied to the university and surrounding workforce. Prospective purchasers should review current lease terms and unit-level details to confirm income potential and occupancy timing.
Located just blocks from Western Illinois University in Macomb, the property benefits from rental demand tied to the WIU market and nearby employers. The tenant base currently includes both students and young professionals, supporting a diversified occupancy profile rather than relying solely on student housing demand.
For investors, this configuration can offer steadier cash-flow characteristics given the current in-place occupancy and the expectation of continued leasing through August. The mix of unit sizes can also appeal to buyers seeking flexibility in resident demographics and longer-term demand drivers tied to the university and surrounding workforce. Prospective purchasers should review current lease terms and unit-level details to confirm income potential and occupancy timing.
Key Highlights
- 10‑unit multifamily property built in 2006 near Western Illinois University in Macomb
- Unit mix includes 7 three‑bedroom/one‑bath units, 1 two‑bedroom/one‑bath unit, 1 one‑bedroom/one‑bath unit, and 1 studio unit
- Current rents range from approximately $600 to $750 per month based on unit size and configuration
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - A 10-unit multifamily building with a diversified tenant mix and mostly in-place occupancy near Western Illinois University.
Where is this apartment building located?
The property is located at 605 Orchard Street Macomb, IL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 10‑unit multifamily property built in 2006 near Western Illinois University in Macomb; Unit mix includes 7 three‑bedroom/one‑bath units, 1 two‑bedroom/one‑bath unit, 1 one‑bedroom/one‑bath unit, and 1 studio unit; Current rents range from approximately $600 to $750 per month based on unit size and configuration
