605 W ORCHARD ST, Macomb, IL 61455

This 10-unit multifamily property is comprised of two adjacent buildings on two separate PINs, totaling approximately 0.64 acres. The larger building was constructed in 2006 and contains approximately 7,200 square feet, while the smaller building, reportedly constructed in 1940, contains approximately 2,384 square feet. The current unit mix includes seven three-bedroom / one-bath units, one two-bedroom / one-bath unit, one one-bedroom / one-bath unit, and one studio unit.

The property is located just blocks from Western Illinois University in Macomb, supporting a tenant base that includes both students and young professionals. Lease expiration dates are staggered to help reduce turnover concentration. The property is approximately 90% occupied, with ownership anticipating full occupancy by August. There are approximately 20 parking spaces available between the two buildings, with additional street parking nearby.

Operating expenses are split: ownership pays water and garbage, while tenants are billed directly for electric and gas. In addition to residential rents, the property includes a small laundromat generating approximately $2,600 annually, and all laundromat equipment is owned by the seller and will transfer with the sale. Current rental rates range from approximately $600 to $750 per month based on unit size and configuration.