10-Unit Multifamily Investment
605 West Orchard Drive Macomb, IL 61455
605 West Orchard Drive, Macomb, IL, 61455
$450,000
Pending
For Sale
$450,000
Pending
A 10-unit mix of studios through three-bedrooms, currently about 90% occupied with staggered lease expirations.
Days on Market52
Property Features for 605 West Orchard Drive
General Information
- Standard status
- Pending
- Property subtype
- Multi Family 5+ / Multi Family 5+-Other / Multi Family 5+
Building Details
- Year Built
- 2006
Listing agency
MR. LANDMAN
(217) 202-0924
Listed by
Jon Fisher · License #471020503
(217) 202-0924
Source
Compass
Added: Jun 1 Updated: Jul 10 at 1:52PM Checked: Jul 21 at 8:13AM
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Investment Insights
Based on property information with market context.
This 10-unit multifamily property offers a defined unit mix designed for a range of tenant needs, including seven three-bedroom/one-bath units, one two-bedroom/one-bath unit, one one-bedroom/one-bath unit, and one studio unit. The building is currently approximately 90% occupied, and ownership anticipates full occupancy by August. Lease expiration dates are staggered to help limit concentration of turnover.
The property is located just blocks from Western Illinois University in Macomb and currently serves a mix of student and young professional tenants. This tenant mix is supported by leasing activity tied to both WIU and surrounding employers, with the property not relying solely on student housing demand.
For buyers and operators seeking a rental-focused multifamily asset, the staggered lease expirations and current occupancy provide a practical foundation for ongoing leasing. The variety of unit sizes, from studio through three-bedroom layouts, can also support tenant retention by offering multiple living options within the same building. Current rental rates are approximately $600 to $750 per month depending on unit size and configuration.
The property is located just blocks from Western Illinois University in Macomb and currently serves a mix of student and young professional tenants. This tenant mix is supported by leasing activity tied to both WIU and surrounding employers, with the property not relying solely on student housing demand.
For buyers and operators seeking a rental-focused multifamily asset, the staggered lease expirations and current occupancy provide a practical foundation for ongoing leasing. The variety of unit sizes, from studio through three-bedroom layouts, can also support tenant retention by offering multiple living options within the same building. Current rental rates are approximately $600 to $750 per month depending on unit size and configuration.
Key Highlights
- 10‑unit multifamily property built in 2006
- Unit mix includes 7 three‑bedroom/one‑bath units, 1 two‑bedroom/one‑bath unit, 1 one‑bedroom/one‑bath unit, and 1 studio unit
- Rents currently range from approximately $600 to $750 per month based on unit size and configuration
Property Analytics
Property Profile
Location Intelligence
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FAQs
What type of property is this?
Apartment building - A 10-unit mix of studios through three-bedrooms, currently about 90% occupied with staggered lease expirations.
Where is this apartment building located?
The property is located at 605 West Orchard Drive Macomb, IL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 10‑unit multifamily property built in 2006; Unit mix includes 7 three‑bedroom/one‑bath units, 1 two‑bedroom/one‑bath unit, 1 one‑bedroom/one‑bath unit, and 1 studio unit; Rents currently range from approximately $600 to $750 per month based on unit size and configuration
