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603 N Prospect Street
Cambridge IL 61238 US

$1,999,999

Active Listing ID 12393172
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42 bed
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40.00 Bath (40 Full)
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Lot: 1.06 Acres
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Other

$1,999,999

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 509 10th Avenue, Orion. Together, the properties offer a total of 41 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: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Full Bathrooms: 40
  • Roof Type: Composition

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 1999999
  • unparsedaddress: 603 N Prospect Street
  • postalcity: Cambridge
  • stateorprovince: IL
  • country: US
  • postalcode: 61238
  • bathroomsfull: 40
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 1.06
  • lotsizeunits: Acres
  • lotsizearea: 1.06
  • livingarea: 0
  • livingareaunits: Square Feet
  • latitude: 41.308826
  • longitude: -90.192879
  • listagentfullname: Lori Bonarek
  • listagentemail: loribonarek@loribonarekrealty.com
  • listagentkey: 3yd-MREDIL-265169
  • listagentmlsid: 265169
  • listagentpreferredphone: (815) 518-2300
  • listagentofficephone: 8153254760
  • listofficekey: 3yd-MREDIL-28688
  • listofficemlsid: 28688
  • 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
  • listingcontractdate: 2025-06-16
  • listagenturl: http://www.loribonarekrealty.com
  • countyorparish: Henry
  • parcelnumber: 1807202012
  • constructionmaterials: Vinyl Siding
  • numberofunitstotal: 41
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 1
  • parkingtotal: 0
  • roof: Composition
  • waterfrontyn: False
  • franchiseaffiliation: Independent
  • rooms: Bathroom 20, Bedroom 32, Bedroom 1, Bathroom 24, Bathroom 13, Bedroom 4, Bedroom 3, Bathroom 34, Bedroom 38, Bedroom 40, Bedroom 23, Bedroom 16, Bedroom 9, Bedroom 10, Bathroom 4, Bedroom 28, Bathroom 28, Bedroom 7, Bathroom 12, Bathroom 7, Bedroom 26, Bathroom 29, Bedroom 42, Bedroom 41, Bathroom 33, Bedroom 15, Bedroom 31, Bathroom 6, Bedroom 34, Bathroom 5, Bedroom 25, Bedroom 22, Bathroom 35, Bathroom 21, Bathroom 40, Bedroom 5, Bathroom 23, Bedroom 8, Bathroom 39, Bedroom 37, Bathroom 17, Bathroom 18, Bathroom 22, Bedroom 18, Bathroom 10, Bedroom 11, Bedroom 27, Bedroom 35, Bathroom 30, Bathroom 1, Bedroom 20, Bathroom 25, Bathroom 3, Bedroom 39, Bedroom 21, Bathroom 19, Bathroom 32, Bathroom 36, Bathroom 38, Bathroom 14, Bathroom 37, Bedroom 29, Bedroom 17, Bedroom 24, Bathroom 9, Bedroom 12, Bathroom 26, Bedroom 19, Bathroom 15, Bedroom 36, Bathroom 31, Bathroom 8, Bathroom 11, Bedroom 30, Bedroom 2, Bedroom 33, Bedroom 13, Bathroom 2, Bedroom 6, Bathroom 16, Bathroom 27, Bedroom 14
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: False
  • internetconsumercommentyn: False
  • location: -90.19288, 41.308826
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Lori Bonarek Realty", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"info@loribonarekrealty.com", "ListBrokerageCity":"Coal City", "ListBrokerageCountry":"US", "ListBrokerageEmail":"info@loribonarekrealty.com", "ListBrokerageLogoUrl":"http://lh.rdcpix.com/8a7a14c1795f11e782420242ac110009k-c1566960391r.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":"28688", "ListOfficeCity":"Coal City", "ListOfficeCountry":"US", "ListOfficeEmail":"info@loribonarekrealty.com", "ListOfficePostalCode":"60416", "ListOfficeStateOrProvince":"IL", "ListPriceCurrencyType":"USD", "ListingTitle":"Commercial Sale, Cambridge, IL", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/603-N-Prospect-St_Cambridge_IL_61238_M99575-06887?f=listhub&s=MREDIL&m=12393172&c=rexren", "MLSModificationTimestamp":"2026-09-25 18:31:03", "Neighborhoods":[{"Description":null, "Name":"Out of Area West"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":21294, "TaxDescription":null, "TaxYear":"2025"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 9/25/2026 6:49:53 PM GMT
Source Updated Date: 10/6/2026 12:47:03 AM GMT

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