603 N Prospect St Cambridge, IL 61238
Estimated payment $12,543/month
About This Home
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,505
Lot Details
- 1.06 Acre Lot
- Lot Dimensions are 152 x 304
- Additional Parcels
Home Design
- Pitched Roof
- Composition Roof
Interior Spaces
- 1-Story Property
- Exterior Basement Entry
Utilities
- Forced Air Heating System
- Heating System Uses Gas
Community Details
- Active Adult
- 40 Units
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/16/2025 06/16/25 | For Sale | $2,200,000 | 0.0% | -- |
| 02/10/2025 02/10/25 | For Rent | $300 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12393172
- 409 N Ridge St
- 315 N East St
- 118 N Prospect St
- 315 W Locust St
- 115 E Court St
- 111 N West St
- 307 E Court St
- 108 N Poplar St
- 10760 E 1600th St
- 505 Beech St
- 321 Pin Oak Dr
- 909 S Spring St
- 825 S Congress St
- 403 E Chestnut St
- 0 N 1800th Ave
- 122 W South St
- 608 S Oakwood Ave
- 505 E Locust St
- 335 S Stewart St
- 9901 U S 6
- 405 E Palace Row
- 306 E Henry St Unit . 2
- 4211 U S 6 Unit 1
- 807 9th St
- 807 9th St
- 3402 Orchard Ln
- 2422 13th St
- 2325 13th St
- 16905 10th Ave N
- 985 22nd Ave
- 900 Crampton Ave
- 813 Williams Way
- 1299 48th Ave Unit 5
- 1275 49th Avenue Ct
- 3500 70th St
- 533 15th Ave
- 4000 Archer Dr
- 508 12th St Unit A
- 4700 7th St
- 1111 Avenue of the Cities