USAILCambridge603 N Prospect St
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603 N Prospect St, Cambridge, IL

Real Estate

For Sale

Listed price in listed location currency (USD).
$2,200,000

000

MLS® 12393172

  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Commercial Sale
Size -
Garage No
HOA Fees 
Taxes $11,505
Days Active 172
Approx. Age 0
MLS® Number 12393172

Property Address: 603 N Prospect St, Cambridge, IL, 61238-1049

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® Number12393172
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age0
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Jun 16, 2025List Date
$2,200,000List Price
-End Date
Not Sold YetSold Price

For Rent

Feb 11, 2025List Date
$300List Price
  • Commute

Commute

Starting Address
Destination Address
603 N Prospect St, Cambridge, IL

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