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Two-Unit Duplex
For Sale
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407 S 3rd Street, Oregon, IL 61061

Each side has three bedrooms and is leased month to month.

Property SizeContact for details
Days on Market142

Property Features for 407 S 3rd Street

General Information

Standard status Active
Property subtype Multifamily
Listing Agency: RE/MAX Hub City
Listed By: Jennie McLaughlin · License #475129787
Source: Crexi
Added: Apr 13 Changed: Aug 31 Last Checked: Aug 30 at 11:30PM

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 RE/MAX Hub City

Investment Insights

Based on property information with market context.

This duplex includes two separate units, with three bedrooms in each. Both units are currently rented under month-to-month arrangements. The property is located at 407 S 3rd Street in Oregon, Illinois 61061. A fireplace is present but not operational.

Key Highlights

  • Two‑unit duplex with three bedrooms in each unit
  • Both units are fully rented
  • Month‑to‑month occupancy

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick HVAC Service Kitchen & Bath Showroom Plumbing Service Grocery & Convenience Store Bakery (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.

Location Intelligence

Trade Area within ½ mile

472
Businesses Nearby

Demographics for 61061, IL

6,865
Population
3,445
Households
2
Avg Household Size
48
Median Age
22%
College-Educated
92%
High-School Grad
105.4 sq mi
ZIP Area
65
Density / Sq Mi
$86,663
Median Household Income
$57,571
Median Earnings
$814
Median Rent
$202,500
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?
Duplex - Each side has three bedrooms and is leased month to month.
Where is this duplex located?
The property is located at 407 S 3rd Street Oregon, IL.
What are key features of this property?
This property features: Two‑unit duplex with three bedrooms in each unit; Both units are fully rented; Month‑to‑month occupancy
(815) 561-9488 Call to check price and availability
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