$2,000,000
PENDING

551 N Clarence Ave Watseka, IL 60970

Estimated payment $11,058/month

Total Views 116
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Active Adult
  • Meeting Room
  • Accessible Entrance
  • 4.94 Acre Lot
  • Laundry Room
  • Heating Available

About This Home

GILMAN/WATSEKA - FOR SALE - 54 TOTAL UNITS - SUBSIDIZED SENIOR HOUSING - All 2 unit buildings (27 total buildings plus 1 office/recreational building) 42 units in Watseka, 12 units in Gilman. Currently tied into Rural Development/USDA loans and subsidized via USDA/RD/HUD. Any and all buyer must be qualified to acquire USDA/RD properties to continue with the subsidy structured payments. 48 - one bedroom units and 6 two bedroom units. Properties are in "Good" condition. Out of state owners are looking to liquidate their Illinois assets. Financials available to qualified buyers.

Listing Agent

Buck Tamblyn

McColly Bennett Real Estate License #475131086 Listed on: 05/19/2021

McColly Bennett Real Estate

Co-Listing Agent

Sandy Boyer

McColly Rosenboom - W License #471019426

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,458

Year Built

  • Built in 1990

Lot Details

  • 4.94 Acre Lot
  • Additional Parcels

Home Design

  • Garden Apartment
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1-Story Property
  • Laundry Room

Accessible Home Design

  • Accessible Entrance

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating Available

Community Details

Overview

  • Active Adult
  • 54 Units

Amenities

  • Meeting Room

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,458

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Garden Complex,Senior
  • Stories: 1
  • Year Built: 1990
  • Built Before 1978 (Y/N): No
  • Information: None
  • Estimated Age: 36-50 Years
  • Actual Status: Contingent
  • SomePhotosVirtuallyStaged: No
  • Special Features: UnderContract
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Possible Use: Multi-Family
  • Misc Inside: Common Meeting Room/s,Accessible Entrance,Laundry Room
  • Refrigerators: 54
  • Ranges: 54
  • Room: 0

Exterior Features

  • Construction Materials: Wood
  • Foundation Details: Concrete Perimeter
  • Frontage Type: City Street, Public Road, Paved
  • Roof: Composition
  • Misc Outside: Accessible Entrance,Security Lighting,Storms and Screens (as exist)

Garage/Parking

  • Outdoor Parking: 51-100 Spaces

Utilities

  • Cooling: Wall Sleeve
  • Heat/Ventilation: Electric

Condo/Co-op/Association

  • Conversion YN: N
  • Owners Association (Y/N): No

Lot Info

  • Additional Parcels: Yes
  • Lot Size Acres: 4.94
  • Lot Dimensions: 4.94 AC
  • Zoning: MULTI
  • Land Amenities: Lighting/Exterior,Sidewalks
  • Alternate Phone Number: (815) 549-4301

Rental Info

  • Tenant Pays: Air Conditioning, Electricity, Heat
  • Board Number: 21
  • Tenancy Type: Leases,Restrictions,Subsidized Rents,1 or More Vacant

Building Info

  • Building Unit Info: Accessible,No Units Furnished,Restriction-Occupancy

Multi Family

  • NumberOfUnitsTotal: 54
  • Type Multi-Family: Garden Complex,Senior

Tax Info

  • Tax Annual Amount: 6458.48
  • Tax Year: 2024

Map

Range of Values:

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Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $6,458 $63,548 $11,438 $52,110
2023 $6,458 $63,548 $11,438 $52,110
2022 $6,716 $63,548 $11,438 $52,110
2021 $7,099 $63,548 $11,438 $52,110
2020 $7,150 $63,548 $11,438 $52,110
2019 $7,120 $63,548 $11,438 $52,110
2018 $3,573 $63,548 $11,438 $52,110
2017 $7,388 $63,548 $11,438 $52,110
2016 $7,437 $63,548 $11,438 $52,110
2015 $7,031 $63,548 $11,438 $52,110
2014 $7,031 $63,548 $11,438 $52,110
2013 $6,611 $63,548 $11,438 $52,110
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/24/2021 08/24/21 Pending -- -- --
05/19/2021 05/19/21 For Sale $2,000,000 -- --
Source: Midwest Real Estate Data (MRED)

Source: Midwest Real Estate Data (MRED)

MLS Number: 11093257

Midwest Real Estate Data (MRED)

APN: 19-33-177-001