603 N Prospect St

Cambridge, IL 61238
  • $2,200,000

    Price
  • 0

    Bed
  • Bath
  • 0

    SqFt

About the Listing 28688 - 265169,265174

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.

Listing Highlights for 603 N Prospect St

Status Active
Days on Site 92
Property Type Multi-Family
MLS ® 12393172
Year Built 0
Total Square Footage 0
Lot/Acreage 1.06

Interior Details

  • Bedrooms: 0
  • Bathrooms: Full
  • Appliances:
  • Air Cond:
  • Heating: Forced Air,Gas
  • Fireplaces:
  • Floor:
  • Above Ground Sq Ft:
  • Below Ground Sq Ft: n/a
  • Basement:
  • Other:
  • Water:

Exterior Details

  • Garage Capacity: N/A
  • Lot Dimensions: 152 X 304
  • Zoning: MULTI
  • Roof: Composition
  • Others:
  • Sewer:

Financial Details

  • Tax Amount: $11,505
  • Taxes w/Assessments: N/A
  • Tax/Property ID: 1807202012
  • Tax Year: 2024

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603 N Prospect St Cambridge, IL 61238

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Originating MLS: mred

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