603 N Prospect Street,Cambridge, IL 61238
Cambridge, IL 61238
Description
This listing presents an excellent investment opportunity consisting of two multi-family properties located at 603 N. Prospect Street, Cambridge and 509 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.
Details
| MLS # | 12393172 |
|---|---|
| Listing Type | For Sale |
| Style | Multi Family 5+ |
| Sub-Type | Resale |
| Status | Active |
| Year | 0 |
| Days On Site | 454 |
| Listing Provided By | Lori Bonarek Realty | Lori Bonarek |
Features
| Story(s) | 1 |
|---|---|
| Units | 41 |
| Zoning | MULTI |
| Acreage | 1.06 |
Exterior
| Roof | Composition |
|---|---|
| Construction Materials | Vinyl Siding |
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Annual Amount | 21293.58 |
Area Information
| State | IL |
|---|---|
| County | Henry |
| City | Cambridge |
| Zip Code | 61238 |
| Area | Out of Area West |
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Learn More About This Property
| State | IL |
|---|---|
| County | Henry |
| City | Cambridge |
| Zip Code | 61238 |
| Area | Out of Area West |
