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Two-Home Multifamily Property
New
For Sale
$275,000

404 Pershing Ave, Machesney Park, IL 61115

Separate front and rear residences provide four bedrooms and three full bathrooms across the property.

Property SizeContact for details
Days on Market3

Property Features for 404 Pershing Ave

General Information

Standard status Active
Property subtype Multi-Family

Units

Unit Mix 1 x 3BR/2BA, 1 x 1BR/1BA
Multifamily Units 2

Building Details

Year Built 1942
Buildings 2
Listing Agency: Dickerson & Nieman Realtors - Peru
Listed By: The Luxe Home Team
Source: Theluxehometeam
Added: Oct 14 Changed: Oct 15 Last Checked: Oct 15 at 2:14AM

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 Dickerson & Nieman Realtors - Peru

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Investment Insights

Based on property information with market context.

This multifamily property includes two independent residences. The main home has three bedrooms and two full bathrooms, with the primary bedroom on the first floor. Its renovation includes a new kitchen with quartz countertops and stainless steel appliances, updated bathrooms, LVP flooring, and new windows. A large concrete pad has also been added to the property.

The rear residence offers one bedroom and one full bathroom. It has a new kitchen with quartz countertops and stainless steel appliances, along with an updated bathroom, LVP flooring, and new windows. Both homes have been renovated, providing separate living spaces on one property.

Key Highlights

  • Two separate residences on one property
  • Main home: 3 bedrooms, 2 full bathrooms, and a first‑floor primary bedroom
  • Rear home: 1 bedroom and 1 full bathroom

Property Analytics

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Current Use

Multifamily properties

Suggested Use

Top Pick Law Firm Dental Office Parking Lot & Garage Kitchen & Bath Showroom Furniture & Home Goods Garden Center

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

2
Residential units

Location Intelligence

Trade Area within ½ mile

233
Businesses Nearby

Demographics for 61115, IL

22,599
Population
8,983
Households
2.5
Avg Household Size
41
Median Age
18%
College-Educated
91%
High-School Grad
10.6 sq mi
ZIP Area
2,132
Density / Sq Mi
$73,771
Median Household Income
$44,141
Median Earnings
$1,111
Median Rent
$160,700
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?
Multifamily property - Separate front and rear residences provide four bedrooms and three full bathrooms across the property.
Where is this multifamily property located?
The property is located at 404 Pershing Ave Machesney Park, IL.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Two separate residences on one property; Main home: 3 bedrooms, 2 full bathrooms, and a first‑floor primary bedroom; Rear home: 1 bedroom and 1 full bathroom
More about this property
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