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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: Jay Tamblyn, McColly Bennett Real Estate, bucktamblyn@mccolly.com

551-564 N Clarence Avenue
Watseka IL 60970 US

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1 /

Courtesy of: Jay 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: Bedroom 48, Bedroom 40, Bedroom 30, Bedroom 9, Bedroom 14, Bedroom 29, Bedroom 63, Bathroom 43, Bathroom 2, Bedroom 49, Bedroom 17, Bedroom 5, Bedroom 21, Bedroom 39, Bathroom 48, Bathroom 25, Bathroom 7, Bedroom 51, Bedroom 43, Bedroom 13, Bathroom 16, Bedroom 34, Bedroom 15, Bedroom 4, Bathroom 11, Bedroom 36, Bedroom 10, Bedroom 50, Bedroom 42, Bedroom 25, Bathroom 28, Bathroom 14, Bathroom 46, Bathroom 47, Bathroom 18, Bathroom 21, Bathroom 34, Bathroom 40, Bedroom 65, Bathroom 37, Bedroom 7, Bathroom 35, Bedroom 33, Bathroom 6, Bathroom 17, Bedroom 37, Bedroom 59, Bedroom 53, Bathroom 42, Bathroom 13, Bathroom 51, Bathroom 9, Bedroom 20, Bedroom 28, Bedroom 35, Bedroom 3, Bedroom 38, Bathroom 52, Bedroom 44, Bedroom 62, Bedroom 64, Bathroom 36, Bedroom 52, Bedroom 24, Bedroom 47, Bathroom 30, Bathroom 5, Bedroom 57, Bedroom 61, Bathroom 22, Bathroom 23, Bedroom 58, Bathroom 19, Bathroom 44, Bedroom 16, Bathroom 53, Bedroom 19, Bedroom 32, Bathroom 38, Bedroom 31, Bedroom 54, Bathroom 32, Bedroom 18, Bedroom 27, Bedroom 22, Bedroom 1, Bathroom 29, Bedroom 2, Bedroom 23, Bathroom 31, Bathroom 24, Bedroom 26, Bedroom 66, Bedroom 60, Bathroom 1, Bathroom 41, Bedroom 12, Bathroom 33, Bathroom 15, Bedroom 11, Bathroom 54, Bedroom 8, Bathroom 3, Bathroom 26, Bathroom 39, Bathroom 50, Bedroom 56, Bathroom 20, Bathroom 10, Bathroom 12, Bedroom 55, Bedroom 45, Bedroom 41, Bathroom 45, Bathroom 49, Bedroom 46, Bathroom 8, Bathroom 27, Bedroom 6, Bathroom 4
  • 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":"USA", "ListOfficeEmail":"il.broker@exprealty.com", "ListOfficePostalCode":"60914", "ListOfficeStateOrProvince":"IL", "ListPriceCurrencyType":"USD", "ListingTitle":"MULTI_FAMILY - Watseka, IL", "ListingURL":null, "MLSModificationTimestamp":"2025-12-30 08:00:23", "Neighborhoods":[{"Description":null, "Name":"Watseka"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":6458, "TaxDescription":null, "TaxYear":"2024"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 3/20/2026 5:23:21 AM GMT
Source Updated Date: 3/29/2026 1:42:56 PM GMT

Courtesy of: Jay 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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