10-Unit Apartment Building Near
For Sale
$450,000
Pending
605 Orchard Street, Macomb, IL 61455
Multifamily property with a varied unit mix serving student and young professional renters near Western Illinois University.
Property SizeContact for details
Days on Market15
Property Features for 605 Orchard Street
General Information
Standard status
Pending
Property subtype
Commercial
Zoning
MULTI
Occupancy
90%
Units
Unit Mix
7 x 3BR/1BA, 1 x 2BR/1BA, 1 x 1BR/1BA, 1 x Studio
Multifamily Units
10
Taxes and HOA fees
Annual Taxes
$12,660
Building Details
Year Built
2006
Stories
2
Units
10
Tenancy
Multi
Listing Agency:
MR. LANDMAN
(217) 202-0924
Listed By:
Jon Fisher · License #RB18000549
Source:
Jjillrealtygroup
Added: Aug 18
Changed: Aug 30
Last Checked: Aug 25 at 9:20AM
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 MR. LANDMAN
Investment Insights
Based on property information with market context.
Built in 2006, this 10-unit apartment property at 605 Orchard Street in Macomb offers a diversified residential configuration. The unit mix includes seven three-bedroom, one-bath apartments, along with one two-bedroom, one-bath unit, one one-bedroom, one-bath unit, and one studio. The property is zoned MULTI and is positioned near Western Illinois University, supporting access to the university-related rental market.
Occupancy is approximately 90%, with leases expiring on staggered dates rather than at a single concentrated time. Current residents include students and young professionals, providing a tenant base that is not limited to one renter category. The property’s location near WIU and its range of unit sizes create a practical fit for multifamily ownership in Macomb.
Occupancy is approximately 90%, with leases expiring on staggered dates rather than at a single concentrated time. Current residents include students and young professionals, providing a tenant base that is not limited to one renter category. The property’s location near WIU and its range of unit sizes create a practical fit for multifamily ownership in Macomb.
Key Highlights
- 10‑unit apartment property built in 2006
- Unit mix includes 7 three‑bedroom, 1 two‑bedroom, 1 one‑bedroom, and 1 studio unit
- Approximately 90% occupied
Property Analytics
Property Profile
Current Use
Lease Details
10
Residential units
90%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
806
Businesses Nearby
Explore this area
Business Placement
Demographics for 61455, IL
17,630
Population
8,682
Households
2
Avg Household Size
32
Median Age
39%
College-Educated
95%
High-School Grad
162.5 sq mi
ZIP Area
108
Density / Sq Mi
$45,048
Median Household Income
$19,778
Median Earnings
$739
Median Rent
$117,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property with a varied unit mix serving student and young professional renters 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 apartment property built in 2006; Unit mix includes 7 three‑bedroom, 1 two‑bedroom, 1 one‑bedroom, and 1 studio unit; Approximately 90% occupied
