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902 N Charles St
Macomb, IL 61455

$9,950,000 USD

Apartments For Sale  •  267,997 SF

Property Details

  • Property Type Apartments
  • Total Building Size 267,997 SF
  • Lot Size 9.78 AC
  • Building Class C
  • Year Built 1960
  • Zoning R4
0 Transit Score
28 Walk Score

Highlights

OPPORTUNITY TO PURCHASE AT A FRACTION OF REPLACEMENT COST ($27,949/UNIT)
OWNED AND SELF-MANAGED BY OUT-OF-STATE “MOM AND POP”
SIGNIFICANT UPSIDE THROUGH HANDS ON MANAGEMENT, INCREASED OCCUPANCY AND CONTINUED UPGRADES
$3.5M+ OF MAJOR CAPITAL IMPROVEMENTS SINCE 2021
LOCATED ON THE DOORSTEP OF WESTERN ILLINOIS UNIVERSITY (7,000+ ENROLLMENT)

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Balcony
  • Cable Ready
  • Dishwasher
  • Disposal
  • Fitness Center
  • Laundry Facilities
  • Picnic Area
  • Property Manager on Site
  • Storage Space
  • Washer/Dryer
  • Washer/Dryer Hookup
  • Grill
  • Pet Play Area
  • High Speed Internet Access
  • Refrigerator
  • Range
  • Wheelchair Accessible (Rooms)

Public Transportation

Commuter RailDriveWalkDistance
Macomb Amtrak Station (Carl Sandburg - Amtrak, Illinois Zephyr - Amtrak) 3 min 18 min 1.0 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 348
Type: Surface
Included in Rent: Yes
Michael Barron 216-264-2048 Institutional Property Advisors
Michael Barron 216-264-2048 Institutional Property Advisors