603 North Prospect Street, Cambridge, IL

$2,200,000

Previous Next

1.06

Acres

About 603 North Prospect Street

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 40 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.

Features of 603 North Prospect Street

MLS® # 12393172
Price $2,200,000
Bathrooms 0.00
Acres 1.06
Type Commercial Sale
Sub-Type Multi Family 5+
Status Active

Community Information

Address 603 North Prospect Street
Area Out of Area West
City Cambridge
County Henry
State IL
Zip Code 61238

Amenities

Is Waterfront No
Has Pool No

Interior

Fireplace No
Has Basement No

Exterior

Exterior Vinyl Siding
Roof Composition

Additional Information

Days on Market 119
Zoning MULTI
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeLori Bonarek Realty
Contact Info815-518-2300

Listing Map

Request a Showing

Provide a valid email address.
When would you like to view this property?