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603 N Prospect Street Cambridge, IL 61238

$1,999,999
Active / MLS# 12393172 / Multi Unit - Multiple / Cambridge
0 Beds

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.

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Baird & Warner Jeffrey Schwartz Email

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Estimated Payment

$ 5,986.53 per month $4,444.44 Principal & Interest $958.75 Property Tax $583.33 Homeowner's Insurance
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Property Details

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
Exterior: Vinyl Siding
Frontage Type: City Street
HVAC: Forced Air, Gas
Lot Dimensions: 152 X 304
Parcel#: 1807202012
Units: 40

Location

See details and scored characteristics about this location.

Listing Office: Lori Bonarek Realty

Listing Office Phone: 815-518-2300



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