324 W Elting st

324 w elting st , Macomb, IL 61455

Property Information

  • For Sale $525,000
  • Property Type Multi-Family
  • Property Size 3,960 SF
  • Units 4
  • Lot Size 0.34 Acre
  • Parking Spaces Avail. 10
  • Property Tenancy Multi-Tenant
  • Year Built 2007
  • Date Updated Jul 20, 2026

Description

Discover the vibrant community surrounding the location in Macomb, IL, 61455. Situated in a dynamic area with a rich blend of historic charm and modern amenities, the property offers a prime investment opportunity for Office/Office Building investors. Enjoy proximity to Western Illinois University, a renowned educational institution, as well as local dining, shopping, and cultural attractions. With a thriving local economy and a welcoming atmosphere, the area presents an ideal environment for future business endeavors. Explore the potential of this strategically positioned location and immerse yourself in the diverse opportunities of Macomb.324 W Elting St presents a rare opportunity to acquire a fully stabilized 4-unit multifamily asset with proven income upside through furnished rentals. Ideally located just minutes from Western Illinois University, medical facilities, and major employment hubs, the property features spacious 3-bedroom / 2-bath units with modern finishes, in-unit washer & dryer, and dedicated parking. Two of the units are fully furnished and actively operated on platforms such as Airbnb, VRBO, and Furnished Finder, averaging approximately $2,000 per month each, delivering premium rental income. The remaining units provide stable long-term tenancy, creating a balanced and diversified revenue stream. This is a true turn-key investment in a strong rental market with limited supply of large-unit multifamily properties.

Highlights

  • 4-unit multifamily property in central Macomb, IL
  • All units include stainless steel appliances and in-unit washer/dryer
  • Approx. 5,150 SF total building area across two identical buildings
  • Each unit is a spacious 3-bedroom / 2-bath layout (approx. 1,287 SF per unit)
  • Gross rental income averages approximately $5,500/month
  • Off-street parking for up to 8 vehicles (2 per unit)
  • Part of a performing 14-unit portfolio — available individually or as a package
  • Remaining two units leased to long-term tenants
  • Separate electric and water meters per unit (tenant-paid utilities)
  • Sits on a 0.46-acre lot (20,038 SF)
  • Strong tenant demand from Western Illinois University, hospitals, and local employers
  • Two units currently operated as furnished short- and midterm rentals
  • Well-maintained asset with no deferred maintenance

Contacts

Location

Located at 324 w elting st , Macomb, IL 61455, this property is part of the Macomb neighborhood.

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