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551-564 N Clarence Avenue Watseka IL 60970US66 Bed, 54.00 Bath (54 Full Bath), 11093257
551-564 N Clarence Avenue WatsekaIL60970
2000000.0000 1/1/1900 12:00:00 AM
McColly Bennett Real Estate
1 /

Courtesy of: Buck Tamblyn, McColly Bennett Real Estate, bucktamblyn@mccolly.com

551-564 N Clarence Avenue
Watseka IL 60970 US

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1 /

Courtesy of: Buck Tamblyn, McColly Bennett Real Estate, bucktamblyn@mccolly.com

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551-564 N Clarence Avenue
Watseka IL 60970 US

$2,000,000

Active Under Contract Listing ID 11093257
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66 bed
bath icon
54.00 Bath (54 Full)
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Lot: 4.94 Acres
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Other

$2,000,000

Active Under Contract Listing ID 11093257
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551-564 N Clarence Avenue 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.

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Property Features

  • Facts
  • Lot Size: 4.94 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Full Bathrooms: 54
  • Roof Type: Composition

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 2000000
  • unparsedaddress: 551-564 N Clarence Avenue
  • postalcity: Watseka
  • stateorprovince: IL
  • country: US
  • postalcode: 60970
  • bathroomsfull: 54
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 4.94
  • lotsizeunits: Acres
  • lotsizearea: 4.94
  • livingarea: 0
  • livingareaunits: Square Feet
  • latitude: 40.782061
  • longitude: -87.721347
  • listagentfullname: Jay Tamblyn
  • listagentemail: bucktamblyn@mccolly.com
  • listagentkey: 3yd-MREDIL-940284
  • listagentmlsid: 940284
  • listagentpreferredphone: (219) 864-7200
  • listagentofficephone: 8155494301
  • listofficekey: 3yd-MREDIL-94050
  • listofficemlsid: 94050
  • 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: 1990
  • listingcontractdate: 2021-05-19
  • listagenturl: http://www.mccolly.com
  • countyorparish: Iroquois
  • parcelnumber: 19331770010000
  • constructionmaterials: Wood
  • numberofunitstotal: 54
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 1
  • parkingtotal: 0
  • roof: Composition
  • waterfrontyn: False
  • franchiseaffiliation: None
  • rooms: Bathroom 7, Bathroom 32, Bedroom 63, Bedroom 1, Bedroom 49, Bedroom 14, Bedroom 27, Bathroom 25, Bedroom 4, Bedroom 18, Bedroom 37, Bathroom 3, Bathroom 20, Bedroom 34, Bathroom 2, Bedroom 41, Bedroom 5, Bathroom 8, Bedroom 12, Bathroom 10, Bathroom 4, Bathroom 52, Bedroom 42, Bedroom 59, Bedroom 8, Bedroom 45, Bedroom 65, Bathroom 21, Bedroom 50, Bedroom 20, Bedroom 62, Bathroom 14, Bedroom 53, Bathroom 27, Bathroom 35, Bedroom 3, Bedroom 55, Bedroom 13, Bedroom 11, Bedroom 40, Bathroom 44, Bathroom 42, Bathroom 49, Bathroom 16, Bathroom 31, Bathroom 53, Bathroom 11, Bathroom 23, Bedroom 19, Bathroom 51, Bathroom 24, Bathroom 46, Bathroom 22, Bedroom 24, Bedroom 57, Bedroom 6, Bathroom 12, Bedroom 64, Bedroom 23, Bedroom 2, Bedroom 25, Bathroom 47, Bathroom 5, Bedroom 54, Bedroom 47, Bedroom 43, Bathroom 18, Bathroom 54, Bedroom 51, Bathroom 13, Bedroom 32, Bedroom 15, Bedroom 48, Bathroom 19, Bathroom 37, Bathroom 43, Bedroom 29, Bedroom 44, Bedroom 10, Bedroom 28, Bedroom 36, Bathroom 34, Bathroom 39, Bathroom 30, Bathroom 45, Bathroom 50, Bedroom 39, Bedroom 58, Bedroom 52, Bedroom 7, Bedroom 30, Bedroom 31, Bedroom 9, Bedroom 22, Bedroom 35, Bedroom 61, Bathroom 6, Bedroom 26, Bedroom 60, Bathroom 9, Bathroom 15, Bedroom 33, Bedroom 38, Bathroom 36, Bathroom 33, Bathroom 48, Bedroom 17, Bathroom 17, Bathroom 28, Bedroom 46, Bathroom 41, Bedroom 56, Bathroom 26, Bathroom 38, Bedroom 21, Bathroom 1, Bathroom 29, Bedroom 66, Bathroom 40, Bedroom 16
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -87.721344, 40.782063
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"McColly Real Estate", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"bucktamblyn@mccolly.com", "ListBrokerageCity":"Schererville", "ListBrokerageCountry":"US", "ListBrokerageEmail":"dhorton@mccolly.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/MREDIL/620d6bc1480411df845a00219b9aa4d8/20100414164428837.png", "ListBrokerageName":"McColly Real Estate", "ListBrokeragePhone":"(219) 864-7200", "ListBrokeragePostalCode":"46375", "ListBrokerageStateOrProvince":"IN", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"800 Deer Creek Drive", "ListBrokerageWebsiteUrl":"http://www.mccolly.com", "ListOfficeAddress1":"29 Heritage Drive ", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"94050", "ListOfficeCity":"Bourbonnais", "ListOfficeCountry":"US", "ListOfficeEmail":"aczako@mccolly.com", "ListOfficePostalCode":"60914", "ListOfficeStateOrProvince":"IL", "ListPriceCurrencyType":"USD", "ListingTitle":"MULTI_FAMILY - Watseka, IL", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/551-564-N-Clarence-Ave_Watseka_IL_60970_M96278-35089?f=listhub&s=MREDIL&m=11093257&c=rexren", "MLSModificationTimestamp":"2026-04-26 09:41:04", "Neighborhoods":[{"Description":null, "Name":"Watseka"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":6458, "TaxDescription":null, "TaxYear":"2024"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 4/26/2026 9:47:03 AM GMT
Source Updated Date: 5/14/2026 6:46:22 PM GMT

Courtesy of: Buck Tamblyn, McColly Bennett Real Estate, bucktamblyn@mccolly.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.

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