Building Details

Year Built 2007

Buildings 2

Listing Agency: Advantage Realty, Inc. Show Phone

Listed By: Jim Maskel Show Phone

Source: Ozmentrealestate

Added: Aug 7 Changed: Aug 10 Last Checked: Aug 11 at 2:26PM

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Investment Insights

Based on property information with market context.

This multifamily property includes two ranch-style homes on a single in-town parcel. The newer modular residence, constructed in 2007, contains 3 bedrooms, 2 full baths, a patio, and a storage shed. The second home offers 2 bedrooms, 1 full bath, replacement windows, and an enclosed rear porch used for additional storage. A detached 2-car garage provides vehicle, storage, or workshop space.

One residence is tenant-occupied, while the other is vacant for an owner-occupant or incoming tenant. The property is located at 650 & 660 W Elm Street in South Wilmington, Illinois, and carries SINGL zoning.

Key Highlights

• Two ranch homes situated on a single in‑town parcel
• 2007 modular home with 3 bedrooms, 2 full baths, patio, and storage shed
• Second residence includes 2 bedrooms, 1 full bath, replacement windows, and enclosed rear porch

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Auto Repair Shop Garden Center Grocery & Convenience Store Gym & Fitness Center Bar & Pub

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

2

Residential units

Location Intelligence

Trade Area within ½ mile

43

Businesses Nearby

Explore this area Business Placement

Demographics for 60474, IL

824

Population

318

Households

2.6

Avg Household Size

44

Median Age

14%

College-Educated

92%

High-School Grad

5.4 sq mi

ZIP Area

153

Density / Sq Mi

$86,250

Median Household Income

$54,141

Median Earnings

$1,458

Median Rent

$166,200

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?

Multifamily property - Two separate ranch homes on one parcel support flexible occupancy and rental use.

Where is this multifamily property located?

The property is located at 650 & 660 W Elm Street South Wilmington, IL.

What is the asking price?

The asking price for this property is $399,000.

What are key features of this property?

This property features: Two ranch homes situated on a single in‑town parcel; 2007 modular home with 3 bedrooms, 2 full baths, patio, and storage shed; Second residence includes 2 bedrooms, 1 full bath, replacement windows, and enclosed rear porch