Building Details

Year Built 1911

Stories 2

Tenancy Multi

Listing Agency: RE/MAX of Rock Valley c***@carlabenesh.com Show Phone

Listed By: Carla Benesh · License #010258

Source: Crexi

Added: Jun 10 Changed: Aug 10 Last Checked: Aug 10 at 12:58PM

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Investment Insights

Based on property information with market context.

This four-unit multifamily property is set up with two units on the main level and two units on the upper level, creating a straightforward, tenant-friendly configuration. The building includes recent updates, including a newer roof, which can help reduce near-term maintenance concerns. As a residential income property, it offers multiple independent units within a single, cohesive structure.

The property is located in the north end of Oregon on a corner lot, providing an easy-to-find site and a practical setting for day-to-day operations. It is just minutes from Fairgrounds Park, which features playground equipment, walking paths, and a pavilion. The location is also described as close to downtown Oregon, supporting convenient access to local shopping, dining, and community amenities.

For prospective owners and operators, this asset’s four-unit layout can appeal to those seeking a small-balance multifamily investment. The corner-lot positioning and the presence of recent improvements, including the newer roof, may help support ongoing property management. With two units per level, the building offers a clear internal arrangement that can be beneficial for leasing and operations within a compact footprint.

Key Highlights

• 4‑unit multifamily building built in 1911
• Newer roof, with recent updates reported
• Corner‑lot layout with 2 units on the main level and 2 units on the upper level

Property Analytics

Property Profile

Current Use

Quadplexes

Suggested Use

Top Pick Building Supply HVAC Service Grocery & Convenience Store Bakery (Bike/Boat/Book/etc) Store Storage Facility

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

Multi-tenant

Tenancy

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

410

Businesses Nearby

Explore this area Business Placement

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?

Quadplex - Four-unit multifamily building with a newer roof and a corner-lot layout for two units on each level.

Where is this quadplex located?

The property is located at 411 N 6th Street Oregon, IL.

What is the asking price?

The asking price for this property is $295,000.

What are key features of this property?

This property features: 4‑unit multifamily building built in 1911; Newer roof, with recent updates reported; Corner‑lot layout with 2 units on the main level and 2 units on the upper level