324 W ELTING ST
4-Unit Multifamily | 3,980 SF Total | 14,810 SF Lot | All 3BD/2BA Units Built in 2007
Marketing description
Introducing 324 W Elting St, a modern 4-unit multifamily property located in the heart of Macomb, Illinois, just minutes from Western Illinois University. Built in 2007, this income-producing asset combines long-term stability with flexible rental potential—ideal for investors seeking both dependable returns and hospitality-driven upside.
The property is comprised of two identical two-story buildings, each containing two spacious 3-bedroom, 2-bath apartments with private entrances, stainless-steel appliances, in-unit washer & dryer, and central A/C.
Two of the four units are fully furnished and successfully operated as short- and mid-term rentals, generating higher average monthly income while providing diversification across rental types.
Positioned on a 14,810 sq ft lot, the property offers ample parking (up to two spaces per unit), vinyl-sided exteriors for easy maintenance, and a total of 3,980 sq ft of living area. With consistent occupancy and professional upkeep, 324 W Elting St presents a turnkey opportunity in a thriving college-town submarket.
Investment highlights
🏠 4-Unit Multifamily Investment — Consists of two identical two-story buildings, each with two spacious 3 Bed / 2 Bath apartments.
🛋️ Short- & Mid-Term Rental Upside — Two of the four units are fully furnished and currently operated as high-performing short- and mid-term rentals, providing premium monthly income.
🧺 Modern Amenities Throughout — Each unit features stainless-steel appliances, in-unit washer & dryer, central A/C, and open-concept layouts appealing to today’s renters.
🏗️ Built in 2007 | Low Maintenance Construction — Vinyl siding, asphalt shingle roofs, and contemporary systems minimize ongoing repair costs.
📏 3,980 SF of Living Area | 14,810 SF Lot — Two buildings totaling nearly 4,000 SF on a generously sized lot with on-site parking for up to 8 vehicles (2 per unit).
💼 Turnkey & Fully Stabilized — Strong occupancy history with consistent rental income and professional management.
🎯 Prime Macomb Location — Minutes from Western Illinois University, retail corridors, and downtown employment centers.
💰 Diverse Income Strategy — Combination of traditional leases and furnished short-term rentals balances stability with higher yield potential.
🌟 Attractive Cash-Flow Asset — Ideal for investors seeking predictable returns, minimal capital expenditure, and immediate income.
🔗 Portfolio Expansion Opportunity Nearby — Investor has the ability to acquire an additional 10 units in close proximity, including 5 units on Murray St in Macomb and 5 units in Colchester, allowing for operational scale, shared management efficiencies, and stronger market presence.
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