Building Details

Year Built 1927

Listing Agency: Keller Williams Pinnacle - MTV c***@yahoo.com Show Phone

Listed By: Hope Williams · License #475177525 Show Phone

Source: Exitrealty

Added: Nov 14, 2024 Changed: Jul 21 Last Checked: Jul 30 at 5:48AM

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Investment Insights

Based on property information with market context.

This five-unit apartment building is configured with all units as one-bedroom, one-bath layouts. The property includes private entrances, and the seller provides a refrigerator and range in all units. Parking is available for Unit 5 with an uncovered space. The owner pays all utilities, which can simplify monthly operating costs for tenants.

Unit 5 has a private entrance and a full bath, and the basement is accessed through Unit 5 downstairs. The information provided notes that Unit 5 requires 24-hour notice for access and is available after 4:00 Monday through Thursday and all day Friday through Sunday.

The building is being offered as a for-sale residential income property.

Key Highlights

• 5‑unit apartment building built in 1927
• All units are 1 bed / 1 bath
• Owner pays all utilities

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Dental Office Real Estate Agency HVAC Service Storage Facility Furniture & Home Goods (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

5

Residential units

Location Intelligence

Trade Area within ½ mile

301

Businesses Nearby

Explore this area Business Placement

Demographics for 62859, IL

5,346

Population

2,489

Households

2.1

Avg Household Size

43

Median Age

21%

College-Educated

89%

High-School Grad

194.6 sq mi

ZIP Area

27

Density / Sq Mi

$53,373

Median Household Income

$39,960

Median Earnings

$572

Median Rent

$91,100

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?

Apartment building - Five 1-bed, 1-bath units with owner-paid utilities and private entrances, plus seller-provided appliances.

Where is this apartment building located?

The property is located at 300 S LOCUST Street McLeansboro, IL.

What is the asking price?

The asking price for this property is $45,000.

What are key features of this property?

This property features: 5‑unit apartment building built in 1927; All units are 1 bed / 1 bath; Owner pays all utilities