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400 N Main Street
Princeton IL 61356 US

$420,000

Active Listing ID 12646206
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5 bed
bath icon
5.00 Bath (3 Full , 2 Half)
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Other

$420,000

Active Listing ID 12646206
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400 N Main Street This well-maintained 12-unit mixed-use property presents a compelling opportunity for investors seeking immediate cash flow with additional upside potential. The asset is comprised of three residential units (two spacious two-bedroom apartments and one efficiently designed studio), alongside nine commercial spaces fronts that provide diversified income streams. Over the past several years, the building has undergone significant renovations, resulting in a turnkey investment requiring no immediate capital improvements. All units are in strong condition, allowing a new owner to step in and begin generating revenue from day one. In addition to its current income, the property features a partially finished lower level, offering clear value-add potential. Investors may explore opportunities to further develop this space into additional residential or commercial units, subject to local zoning and approvals, thereby increasing overall returns. With a balanced unit mix, recent upgrades, and future expansion potential, this property is ideally positioned for both stable cash flow and long-term appreciation.

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Property Features

  • Facts
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Full Bathrooms: 3
  • 1/2 Bathrooms: 2
  • Heating Fuels: Forced Air, Natural Gas
  • Additional Features
  • Basement

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 420000
  • unparsedaddress: 400 N Main Street
  • postalcity: Princeton
  • stateorprovince: IL
  • country: US
  • postalcode: 61356
  • bathroomsfull: 3
  • bathroomshalf: 2
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeunits: Acres
  • livingarea: 0
  • livingareaunits: Square Feet
  • latitude: 41.379071
  • longitude: -89.465439
  • listagentfullname: Janelle McCarter
  • listagentemail: jalilley24@yahoo.com
  • listagentkey: 3yd-MREDIL-265040
  • listagentmlsid: 265040
  • listagentpreferredphone: (815) 252-7283
  • listagentofficephone: 8158751221
  • listofficekey: 3yd-MREDIL-28674
  • listofficemlsid: 28674
  • disclaimer: Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MREDIL
  • yearbuilt: 1947
  • listingcontractdate: 2026-05-12
  • listagenturl: https://www.landmarkil.com
  • countyorparish: Bureau
  • parcelnumber: 1609364010
  • elementaryschooldistrict: 115
  • middleorjuniorschooldistrict: 115
  • highschooldistrict: 500
  • constructionmaterials: Vinyl Siding
  • heating: Forced Air, Natural Gas
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 12
  • parkingfeatures: Parking Lot
  • waterfrontyn: False
  • franchiseaffiliation: None
  • rooms: Bedroom 4, Bedroom 2, Bedroom 3, Bathroom 2, Basement, Bedroom 5, Bathroom 3, Bathroom 1, Bathroom 5, Bathroom 4, Bedroom 1
  • basement: Unfinished, Full
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -89.46544, 41.37907
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Landmark Realty of Illinos LLC", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"jalilley24@yahoo.com", "ListBrokerageCity":"Princeton", "ListBrokerageCountry":"US", "ListBrokerageEmail":"JALILLEY24@YAHOO.COM", "ListBrokerageLogoUrl":null, "ListBrokerageName":"Landmark Realty of Illinos LLC", "ListBrokeragePhone":"(815) 252-7283", "ListBrokeragePostalCode":"61356", "ListBrokerageStateOrProvince":null, "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"1221 N Main St", "ListBrokerageWebsiteUrl":"https://www.landmarkil.com", "ListOfficeAddress1":"1221 N. Main St. ", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"28674", "ListOfficeCity":"Princeton", "ListOfficeCountry":"US", "ListOfficeEmail":"JALILLEY24@YAHOO.COM", "ListOfficePostalCode":"61356", "ListOfficeStateOrProvince":"IL", "ListPriceCurrencyType":"USD", "ListingTitle":"MULTI_FAMILY - Princeton, IL", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/400-N-Main-St_Princeton_IL_61356_M70593-93815?f=listhub&s=MREDIL&m=12646206&c=rexren", "MLSModificationTimestamp":"2026-07-12 05:06:19", "Neighborhoods":[{"Description":null, "Name":"Hollowayville / Princeton"}], "PostalCode":null, "RoomCount":19, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":2201, "TaxDescription":null, "TaxYear":"2024"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 7/13/2026 10:34:15 PM GMT
Source Updated Date: 7/16/2026 12:44:24 PM GMT

Courtesy of: Janelle McCarter, Landmark Realty of Illinois LLC, jalilley24@yahoo.com

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.