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603 N Prospect Street
Cambridge IL 61238 US

$2,200,000

Active Listing ID 12393172
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Lot: 1.06 Acres
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Other

$2,200,000

Active Listing ID 12393172
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603 N Prospect Street 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.

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Property Features

  • Facts
  • Lot Size: 1.06 Acres
  • Property Type: Commercial Sale
  • Property Sub-type: Other
  • Features
  • Roof Type: Composition

Property

  • propertytype: Commercial Sale
  • propertysubtype: Other
  • listprice: 2200000
  • unparsedaddress: 603 N Prospect Street
  • postalcity: Cambridge
  • stateorprovince: IL
  • country: US
  • postalcode: 61238
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 1.06
  • lotsizeunits: Acres
  • lotsizearea: 1.06
  • livingarea: 0
  • livingareaunits: Square Feet
  • listagentfullname: Lori Bonarek
  • listagentemail: loribonarek@loribonarekrealty.com
  • listagentkey: 3yd-MREDIL-265169
  • listagentmlsid: 265169
  • listagentpreferredphone: 8155182300
  • listagentofficephone: 8155182300
  • listofficekey: 3yd-MREDIL-28688
  • listagentstatelicense: 471022278
  • listofficemlsid: 28688
  • disclaimer: Copyright © 2025 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
  • listingcontractdate: 2025-06-16
  • listagenturl: http://www.loribonarekrealty.com
  • countyorparish: Henry
  • parcelnumber: 1807202012
  • numberofunitstotal: 40
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • roof: Composition
  • waterfrontyn: False
  • architecturalstyle: Other
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: False
  • internetconsumercommentyn: False
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Lori Bonarek Realty", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"info@loribonarekrealty.com", "ListBrokerageCity":"Coal City", "ListBrokerageCountry":"US", "ListBrokerageEmail":"info@loribonarekrealty.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/MREDIL/8a7a14c1795f11e782420242ac110009/20220804221707147.png", "ListBrokerageName":"Lori Bonarek Realty", "ListBrokeragePhone":"815.518.2300", "ListBrokeragePostalCode":"60416", "ListBrokerageStateOrProvince":"IL", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"640 S. Broadway St.", "ListBrokerageWebsiteUrl":"http://www.loribonarekrealty.com", "ListOfficeAddress1":"640 S Broadway", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"265169", "ListOfficeCity":"Coal City", "ListOfficeCountry":"US", "ListOfficeEmail":"info@loribonarekrealty.com", "ListOfficePostalCode":"60416", "ListOfficeStateOrProvince":"IL", "ListPriceCurrencyType":"USD", "ListingTitle":"Commercial Sale - Cambridge, IL", "ListingURL":"https://listings.listhub.net/pages/MREDIL/12393172/?channel=rexren", "MLSModificationTimestamp":"2025-07-08T14:15:01Z", "Neighborhoods":[{"Description":null, "Name":"Out of Area West"}], "PostalCode":null, "RawPropertySubType":null, "RawPropertyType":"Commercial Sale", "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":11505.48, "TaxDescription":null, "TaxYear":"2024"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 7/8/2025 8:09:01 PM GMT
Source Updated Date: 12/5/2025 6:45:57 AM GMT

Courtesy of: Lori Bonarek, Lori Bonarek Realty, loribonarek@loribonarekrealty.com

Copyright © 2025 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.