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BATHS
MLS#12393172
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
This listing presents an excellent investment opportunity consisting of two multi-family properties located at 603 N. Prospect Street, Cambridge and 503 10th Avenue, Orion. Together, the properties offer a total of 41 residential units, including 24 studio apartments, ten one-bedroom units, four handicap-accessible one-bedroom units, and two two-bedroom units. Both buildings operate under HUD housing requirements, serving residents who are 62 years of age or older or individuals with qualifying disabilities. The properties are well-maintained and provide key amenities such as a community room and coin-operated laundry facilities, offering comfort and convenience for tenants. With a strong history of occupancy and consistent rental income, these safe and secure buildings represent a turnkey portfolio with significant income potential in the affordable housing sector.
Property Features
Property Type: Multi Unit - Multiple
Lot Size: 1.06 Acres
Roof Type: Composition
Stories: 1.0
Taxes: $11,505
Feature Descriptions
Current Use: Multi-Family
Days on Site: 266
Exterior: Vinyl Siding
Frontage Type: City Street
HVAC: Forced Air, Gas
Lot Dimensions: 152 X 304
Parcel#: 1807202012
Units: 40
Listed By / Shown By
Listed By
Agency Name: Lori Bonarek Realty
Agency Phone: 815-518-2300
Shown By
Agent Name: Dale Williams
Agent Phone: Cell: (815) 519-2243
Agency Title: Gambino Realtors
Estimate Your Payment
Estimated Payment
$ 10,626.71 per month $9,084.62 Principal & Interest $958.75 Property Tax $583.33 Homeowner's InsuranceChange Payment Information
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603 N Prospect Street | MLS# 12393172
This multi-family property located at 603 N Prospect Street, Cambridge, IL 61238 is currently listed for sale with an asking price of $1,999,999. Search Cambridge real estate on dwilliams.gogambino.com today.