10-Unit Multifamily Investment
For Sale
$450,000
Pending
605 West Orchard Drive, Macomb, IL 61455
A 10-unit mix of studios through three-bedrooms, currently about 90% occupied with staggered lease expirations.
Property SizeContact for details
Days on Market72
Property Features for 605 West Orchard Drive
General Information
Standard status
Pending
Property subtype
Multi Family 5+ / Multi Family 5+-Other / Multi Family 5+
Zoning
MULTI
Occupancy
90%
Net Operating Income
$45,125
Additional Details
Multifamily Units
10
Taxes and HOA fees
Annual Taxes
$12,660
Building Details
Year Built
2006
Stories
2
Listing Agency:
MR. LANDMAN
(217) 202-0924
Listed By:
Jon Fisher · License #471020503
(217) 202-0924
Source:
Compass
Added: Jun 1
Changed: Aug 8
Last Checked: Jul 24 at 1:26PM
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 MR. LANDMAN
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
Current Use
Lease Details
10
Residential units
90%
Occupancy
Location Intelligence
Trade Area within ½ mile
895
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
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
