324 W Elting st

Investment Overview

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.

Investment Highlights

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