IL > Cambridge
Cambridge, IL 61238,603 N Prospect ST
Cambridge, IL 61238,603 N Prospect ST
Cambridge, IL 61238,603 N Prospect ST
8
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$2,200,000
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1.06 Acres Lot
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603 N Prospect ST Cambridge, IL 61238

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Dennis & Karen

Dennis & Karen

+1(219) 213-3346

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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

Lot Dimensions 152 X 304

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

Interior

Fireplace N

Exterior

Roof Type Composition

Building

Dwelling Type Multi Family 5+

Level or Stories 1

Structure Type Vinyl Siding

Midwest Real Estate Data (MRED) IDX
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Lori Bonarek • Lori Bonarek Realty

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Dennis & Karen

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+1(219) 213-3346

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603 N Prospect ST

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