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Fully Leased 4-Unit Quadplex
For Sale
$132,500

1224 Marion Street, Danville, IL 61832

Fully leased income property with professional management and natural gas service.

Property SizeContact for details
Days on Market89

Property Features for 1224 Marion Street

General Information

Standard status Active
Property subtype Multi-Family
Occupancy 100%

Additional Details

Multifamily Units 4

Amenities

Natural Gas
Listing Agency: eXp Realty-Champaign
Listed By: J Leman · License #475184798
Source: Kw
Added: Jul 21 Changed: Oct 7 Last Checked: Oct 16 at 5:51AM

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 eXp Realty-Champaign

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Investment Insights

Based on property information with market context.

Located at 1224 Marion Street in Danville, Illinois, this four-unit quadplex is fully leased and configured as a residential income property. Natural gas is listed among the interior features.

RC Management provides professional property management, offering an established management arrangement for the asset. The property is offered for sale as a fully occupied four-unit investment.

Key Highlights

  • Four‑unit quadplex
  • Fully leased residential income property
  • Professionally managed by RC Management

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Auto Repair Shop Furniture & Home Goods Big Box & Wholesale Store Garden Center (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

39
Businesses Nearby

Demographics for 61832, IL

32,878
Population
16,390
Households
2
Avg Household Size
40
Median Age
17%
College-Educated
90%
High-School Grad
27.3 sq mi
ZIP Area
1,204
Density / Sq Mi
$45,264
Median Household Income
$37,288
Median Earnings
$805
Median Rent
$78,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Quadplex - Fully leased income property with professional management and natural gas service.
Where is this quadplex located?
The property is located at 1224 Marion Street Danville, IL.
What is the asking price?
The asking price for this property is $132,500.
What are key features of this property?
This property features: Four‑unit quadplex; Fully leased residential income property; Professionally managed by RC Management
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