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Five-Plex Rental Investment

1201 N Mclaren Street Marion, IL 62959

1201 N Mclaren Street, Marion, IL, 62959
Contact for pricing
For Sale
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Five-plex with all units rented, each offering two bedrooms, two bathrooms, and in-unit laundry space.

Days on Market52

Property Features for 1201 N Mclaren Street

General Information

Standard status
Active
Property subtype
Multifamily

Building Details

Year Built
2006
Listing agency Coldwell Banker J. David Thompson, Realty
Listed by LINDA RUEHMKORFF · License #IL
Source Crexi
Added: Jun 1 Updated: Jul 21 at 6:06PM Checked: Jul 21 at 6:06PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker J. David Thompson, Realty


Investment Insights

Based on property information with market context.

This five-plex includes five rental units, each with two bedrooms and two bathrooms. The property provides two parking spaces per unit, including one covered parking spot under a carport and one uncovered space. Each unit also has a 6x8 laundry room, and the units feature covered patios in the back.

The building is constructed with brick on three sides and vinyl on the back. The roof was replaced in 2019. All units are currently rented. The owner covers dumpster service used by tenants, while all other utilities are paid by the renters.

Key Highlights

  • 5‑plex built in 2006 with all units currently rented
  • Each unit offers 2 bedrooms and 2 bathrooms
  • Each unit has a 6x8 laundry room and includes 2 parking spaces (one covered by a carport and one uncovered)

Property Analytics

Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Dental Office HVAC Service Electrical Service Building Supply Parking Lot & Garage Skin Care Clinic Garden Center Plumbing Service (Bike/Boat/Book/etc) Store Computer & Electronic Repair

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Apartment building - Five-plex with all units rented, each offering two bedrooms, two bathrooms, and in-unit laundry space.
Where is this apartment building located?
The property is located at 1201 N Mclaren Street Marion, IL.
What is the asking price?
The asking price for this property is $495,900.
What are key features of this property?
This property features: 5‑plex built in 2006 with all units currently rented; Each unit offers 2 bedrooms and 2 bathrooms; Each unit has a 6x8 laundry room and includes 2 parking spaces (one covered by a carport and one uncovered)
Contact an agent
(618) 922-4748 Call to check price and availability
More about this property
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