Building Details

Tenancy Multi

Listing Agency: Jim Maloof/REALTOR l***@maloofrealty.com Show Phone

Listed By: Lisa Inman

Source: Crexi

Added: Apr 12 Changed: Aug 8 Last Checked: Jul 23 at 11:12AM

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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 Jim Maloof/REALTOR

Investment Insights

Based on property information with market context.

This four-unit residential income property is presented as a four-unit complex with 100% occupancy on a consistent basis. The current tenants are reported to wish to retain their leases with a new owner.

Access is available through the listing agent, and additional complexes are reportedly available as part of a package. Please do not approach tenants directly.

The address is 503 E Main St, Elmwood, IL 61529.

Key Highlights

• 4‑unit residential income complex
• 100% occupancy reported on a consistent basis
• Tenants are interested in retaining leases with the new owner

Property Analytics

Property Profile

Current Use

Quadplexes

Suggested Use

Top Pick HVAC Service Electrical Service Building Supply Auto Parts Store (Bike/Boat/Book/etc) Store Real Estate Agency

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

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

122

Businesses Nearby

Explore this area Business Placement

Demographics for 61529, IL

2,852

Population

1,158

Households

2.5

Avg Household Size

42

Median Age

36%

College-Educated

96%

High-School Grad

64.5 sq mi

ZIP Area

44

Density / Sq Mi

$89,503

Median Household Income

$47,281

Median Earnings

$772

Median Rent

$155,100

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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Frequently Asked Questions

What type of property is this?

Quadplex - Four-unit residential income property currently reported as fully occupied with tenants interested in retaining leases.

Where is this quadplex located?

The property is located at 503 E Main St Elmwood, IL.

What are key features of this property?

This property features: 4‑unit residential income complex; 100% occupancy reported on a consistent basis; Tenants are interested in retaining leases with the new owner