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0 Beds

$1,999,999

603 N Prospect Street, Cambridge IL, 61238

Price per sqftN/A
Property typeMulti-family
Listed by Lori Bonarek with Lori Bonarek Realty 815-325-4760

Overview

Active

Listed Jun 16, 2025

Updated 12h ago

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.

$13,306/mo

Est. mortgage payment based on a $1,999,999 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
12393172

Interior Features

Bedrooms
0
Basement
No

Exterior Features

Lot Size
1.06 Acres

Other Property Details

Taxes
$21,294
Tax Frequency
Annually
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Listed by Lori Bonarek with Lori Bonarek Realty 815-325-4760

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Data is refreshed every 3 hours. Listing last updated 6:35 AM UTC on 10/10/2026. 

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