603 N Prospect ST new Save Request In-Person Tour Request Virtual Tour
Cambridge,IL 61238
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12393172
Annual Tax Amount $11,505
Tax Year 2024
Lot Size 1.060 Acres
Property Sub-Type Multi Family 5+
Property Description
This listing presents an excellent investment opportunity consisting of two multi-family properties located at 603 N. Prospect Street in Cambridge and 503 10th Avenue in 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.
Location
State IL
County Henry
Area Out Of Area West
Zoning MULTI
Exterior
Roof Type Composition
Building
Dwelling Type Multi Family 5+
Structure Type Vinyl Siding