This 4-unit multi-family property located at 606 W Carroll St, Macomb, IL 61455 is a rare wholesale cash opportunity in the heart of Macomb, Illinois — a stable university town anchored by Western Illinois University and McDonough District Hospital. Totaling 4,044 sq ft across four units with 9 bedrooms and 5.5 bathrooms, this fourplex features a newer roof, newer HVAC, and newer water heaters all updated within the last 1–5 years — representing significant capital already invested in the building's most costly systems, and giving the next owner a strong foundation for a full renovation and stabilization.

All four units are currently vacant and ready for a full assessment and rehab. With an asking price of $90,000, an AS-IS value of $145,000, and an ARV of $170,000, this property offers experienced multi-family investors a compelling value-add opportunity in one of Western Illinois' most reliable rental markets.

Why Macomb, IL?

Western Illinois University serves nearly 9,000 students at its traditional residential campus in Macomb, creating a deep and consistent demand for off-campus rental housing year-round. Living in Macomb means access to downtown square shops and restaurants, Argyle Lake State Park, and a lively Farmer's Market, with several larger cities less than a four-hour drive away including Saint Louis, Chicago, Des Moines, and Milwaukee. For multi-family investors, a university town with stable enrollment and a growing healthcare employment base is one of the most reliable rental demand environments available.

Location & Access

The WIU campus has access to the intersection of U.S. Routes 67 and 136 as well as Go West Transit, offering convenience from campus and around the Macomb community. The property on W Carroll St is centrally located, giving tenants walkable or short-drive access to the WIU campus, downtown Macomb, and the city's primary commercial corridors.

Schools

Western Illinois University, founded in 1899, is a highly regarded public university recognized as a "Best Midwestern College" by the Princeton Review and ranked among top public universities by U.S. News & World Report, offering over 66 bachelor's and 38 master's degree programs. For K–12, the property is served by Macomb Community Unit School District 185, which includes elementary, middle, and high school options throughout the city.

Healthcare

McDonough District Hospital is the primary healthcare facility serving Macomb and all of McDonough County, providing emergency care, inpatient services, and a wide range of specialty care. Blessing Health also partners with McDonough District Hospital to make specialty cardiac and vascular services available to patients in Macomb and the surrounding area. The hospital is a key employment anchor in the city, further supporting stable rental demand from healthcare workers and staff.

Shopping & Recreation

Downtown Macomb's historic courthouse square offers local shops, restaurants, and community events throughout the year. Argyle Lake State Park is easily accessible from Macomb and offers outdoor recreation including hiking, fishing, and camping — adding quality-of-life appeal for long-term tenants. Macomb also features a lively Farmer's Market and a growing retail corridor serving both the local and university communities.

PROPERTY DETAILS

• Address: 606 W Carroll St, Macomb, IL 61455

• County: McDonough

• Type: Fourplex (4-Unit Multi-Family)

• Total Sq Ft: 4,044 sq ft

• Lot Size: 8,800 sq ft

• Total Bedrooms: 9 | Total Bathrooms: 5.5

• Parking: 12 Spaces – Attached

• Storage: Shed On Site

• School District: Macomb Community Unit School District 185

• Nearest University: Western Illinois University (~nearby)

• Nearest Hospital: McDonough District Hospital

• Nearest Shopping: Downtown Macomb Square | Local Retail Corridor

UNIT BREAKDOWN:

• Unit 1: 1BR / 1BA

• Unit 2: 4BR / 2BA

• Unit 3: 2BR / 1BA

• Unit 4: 2BR / 1.5BA

BUILDING SYSTEMS:

• Roof: 1–5 Years (Newer) ✅

• HVAC: 1–5 Years – Central AC/Heater (Newer) ✅

• Water Heater: 1–5 Years (Newer) ✅

• Foundation: Built 1920

• Sewer: City Sewer

• Solar: None

Occupancy: Vacant – All 4 Units

Sale Type: AS-IS Cash Sale | Qualified Investors Only | Closing in 30 days or less

Buyers responsible for own due diligence and repair cost verification. Repair estimates not provided as costs vary by contractor/investor.