- 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 Jun 8, 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
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Contacts
Andros Sarduy
Synergy Realty Advisors
Location
Located at 324 w elting st , Macomb, IL 61455, this property is part of the Macomb neighborhood.
Contact Listing Broker
Andros Sarduy
Synergy Realty Advisors