527 W MURRAY ST
Fully-Leased 5-Unit Townhome-Style Multifamily | Built 2004 | In-Unit Laundry + Furnished Rental Ups
Marketing description
Fully-Leased 5-Unit Multifamily | Built 2004 | Part of 14-Unit Portfolio
Introducing an exceptional investment opportunity in Macomb, IL.
This meticulously maintained 3,040 SF garden-style multifamily building, constructed in 2004, features five identical 2-bedroom, 1-bath townhome-style units. Each apartment spans two stories, with the kitchen and living area downstairs, and bedrooms and bathroom upstairs. All units come equipped with stainless steel appliances, in-unit washer/dryer, and private entrances.
The property is centrally located near Western Illinois University, local medical centers, and downtown Macomb — making it attractive to long-term renters and traveling professionals. One unit is currently fully furnished and leased as a midterm rental to a corporate/medical tenant, generating higher income than typical long-term leases.
This asset is part of a 14-unit multifamily portfolio spread across three nearby properties:
5 units at 527 W Murray St (Macomb, IL)
5 units at 314 W North St (Colchester, IL)
4 units at 324 W Elting St (Macomb, IL)
Portfolio available together or individually.
Investment highlights
Part of a performing 14-unit multifamily portfolio in Macomb & Colchester
Strong in-place income with additional upside through furnished leasing
Low-vacancy submarket with consistent tenant demand from students, professionals, and traveling workers
Built-in value through modern construction and low operating costs
Professionally managed with clean financials
Flexible exit strategy — buy individually or as a full 14-unit package
Recession-resistant market with university and healthcare-driven demand
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