Listing provided courtesy of MR. LANDMANMREDas Distributed by MLSGrid- MLS# 12665610
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Request Info605 Orchard StreetMacomb, IL 61455
Commercial · 0.64 Acres$450,000
Active
605 Orchard Street Overview
- Time on Site:
- 27 days
- Visits:
- 0
This 10-unit multifamily investment opportunity is located just blocks from Western Illinois University in Macomb and currently serves a mix of both student and young professional tenants. With strong rental demand generated by WIU and surrounding employers, the property offers investors stable cash flow and long-term upside potential. The property consists of the following unit mix: * 7) Three Bedroom / One Bathroom Units * 1) Two Bedroom / One Bathroom Unit * 1) One Bedroom / One Bathroom Unit * 1) Studio Unit Current rental rates range from approximately $600 to $750 per month depending upon unit size and configuration. The property is currently approximately 90% occupied with ownership anticipating the property being fully occupied by August. Lease expiration dates are staggered, helping reduce turnover concentration and minimizing vacancy exposure. The property currently houses both students and young professionals, creating a diversified tenant base rather than relying solely upon student housing demand.
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605 Orchard Street Facts & Features
- Type Commercial
- Lot 0.64 Acres
Details
General
Income/Expenses
- Other Expense: 0
- Electric Expense: 0
- Fuel Expense: 0
- Gross Income: 67650
- Insurance Expense: 0
- Maintenance Expense: 0
- Net Operating Income: 45125
- Operating Expense: 22525
- Trash Expense: 0
- Water Sewer Expense: 0
Building Information
- Year Built: 2006
Location/Region
- County Or Parish: McDonough
- MLS Area Major: Macomb
- Township: Macomb City
Tax Information
- Tax Annual Amount: $12,660.00
- Tax Year: 2024
General Information
- Parcel Number: 11100845000000
- Property Type: Commercial Sale
- Zoning: MULTI
Interior
General Information
- Stories: 2
Exterior
Lot Information
- Additional Parcels: Yes
- Lot Size Acres: 0.64
- Lot Size Dimensions: 172 x 162
General Information
- Number Of Units Total: 10
Unit Information
Unit 1 Details
- Unit Type: Unit 1
- Units Total: 10
Unit 2 Details
- Unit Type: Unit 2
- Beds Total: 0
- Units Total: 0
Unit 3 Details
- Unit Type: Unit 3
- Beds Total: 0
- Units Total: 0
Unit 4 Details
- Unit Type: Unit 4
- Beds Total: 0
- Units Total: 0
Unit 5 Details
- Unit Type: Unit 5
- Beds Total: 0
- Units Total: 0
Unit 6 Details
- Unit Type: Unit 6
- Beds Total: 0
- Units Total: 0
Unit 7 Details
- Unit Type: Unit 7
- Beds Total: 0
- Units Total: 0
605 Orchard Street Neighborhood
Community
61455 (Macomb) Demographics
29
Median Age
117
Population Density (per sq. mile)
50%
College Educated
$40,340
Estimated Median Income
4,015
Estimated Total Home Owners
3,476
Estimated Total Renters
54% / 46%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.605 Orchard Street Monthly Cost
605 Orchard Street Market Data
Based on the last 30 days in this zip code
$158,777
Average List Price
$84
Average Price per Square Foot
0
Properties Sold
122
Average Days on Market
105
Properties for Sale
605 Orchard Street History
| Date | Value | Agent |
|---|---|---|
| 6/7/2026Source: MRED | Active |
|
| 6/2/2026Source: MRED | June 02, 2026 |