Listing Agency: Classic Homes Realty M***@remax.net Show Phone

Listed By: Marvin Turner · License #475.125386 Show Phone

Source: Exprealty

Added: Dec 8, 2025 Changed: Aug 30 Last Checked: Aug 31 at 6:15PM

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Investment Insights

Based on property information with market context.

This quadplex contains four residential units, each configured as a one-bedroom apartment. The property is currently rented, providing an existing occupancy profile for prospective buyers.

Located close to downtown Danville, the building offers access to the area’s central district while maintaining a compact, four-unit configuration.

Key Highlights

• Four‑unit quadplex
• All units are one‑bedroom apartments
• Currently rented

Property Analytics

Property Profile

Current Use

Quadplexes

Suggested Use

Top Pick Parking Lot & Garage Real Estate Agency (Bike/Boat/Book/etc) Store Garden Center Locksmith Carpet & Flooring 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

4

Residential units

Location Intelligence

Trade Area within ½ mile

257

Businesses Nearby

Explore this area Business Placement

Demographics for 61832, IL

32,878

Population

16,390

Households

2

Avg Household Size

40

Median Age

17%

College-Educated

90%

High-School Grad

27.3 sq mi

ZIP Area

1,204

Density / Sq Mi

$45,264

Median Household Income

$37,288

Median Earnings

$805

Median Rent

$78,400

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Quadplex - Currently rented residential property with one-bedroom units near downtown.

Where is this quadplex located?

The property is located at 409 S Buchanan St Danville, IL.

What is the asking price?

The asking price for this property is $89,000.

What are key features of this property?

This property features: Four‑unit quadplex; All units are one‑bedroom apartments; Currently rented