603 N Prospect St Cambridge, IL 61238
Estimated payment $12,923/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
- Senior Community
- 40 Units
Map
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
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

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