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Quadplex With Rented Storage Garage
New
For Sale
$140,000

525 S Lafayette Street #4, Macomb, IL 61455

Four residential units are consistently rented, with tenants responsible for utilities.

Property SizeContact for details
Days on Market2

Property Features for 525 S Lafayette Street #4

General Information

Standard status Active
Property subtype Multi-Family

Additional Details

Multifamily Units 4

Building Details

Year Built 1920
Listing Agency: C21 Purdum-Epperson Inc
Listed By: Stephanie Green · License #RMA27323
Source: Ashleycoker
Added: Sep 11 Last Checked: Sep 11 at 2:53PM

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 C21 Purdum-Epperson Inc

Investment Insights

Based on property information with market context.

This 1920-built quadplex contains four residential units that are consistently rented. Tenants handle their own utilities, while a garage provides separately rented storage space. The roof was replaced in 2024.

The property is located at 525 S Lafayette Street in Macomb, Illinois. Its combination of four occupied units, tenant-paid utilities, supplemental storage income, and a recent roof replacement provides a straightforward multifamily configuration.

Key Highlights

  • Four residential units are consistently rented
  • Tenants are responsible for utilities
  • Garage is rented separately for storage

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick HVAC Service Grocery & Convenience Store Electrical Service Computer & Electronic Repair Carpet & Flooring Store (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

4
Residential units

Location Intelligence

Trade Area within ½ mile

1,018
Businesses Nearby

Demographics for 61455, IL

17,630
Population
8,682
Households
2
Avg Household Size
32
Median Age
39%
College-Educated
95%
High-School Grad
162.5 sq mi
ZIP Area
108
Density / Sq Mi
$45,048
Median Household Income
$19,778
Median Earnings
$739
Median Rent
$117,900
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
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Frequently Asked Questions

What type of property is this?
Quadplex - Four residential units are consistently rented, with tenants responsible for utilities.
Where is this quadplex located?
The property is located at 525 S Lafayette Street #4 Macomb, IL.
What is the asking price?
The asking price for this property is $140,000.
What are key features of this property?
This property features: Four residential units are consistently rented; Tenants are responsible for utilities; Garage is rented separately for storage
More about this property
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