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
Sourced by Back At You
MLS Number: 12393172
Lori Bonarek – (815) 325-4760 – loribonarek@loribonarekrealty.com
Lori Bonarek Realty – (815) 518-2300
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MLS Number: 12393172
Lori Bonarek – (815) 325-4760 – loribonarek@loribonarekrealty.com
