551-564 North Clarence Avenue, Watseka, IL, 60970
$2,000,000
4.94
Acres
About 551-564 North 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.
Additional Information: This property is located in the Watseka neighborhood, IL. This 0 bedrooms multi family 5+ property is priced at $2,000,000.
Facts & Features
| MLS® # | 11093257 |
|---|---|
| Price | $2,000,000 |
| Bathrooms | 0.00 |
| Taxes | $27,600 |
| Acres | 4.94 |
| Year Built | 1990 |
| Type | Commercial Sale |
| Sub-Type | Multi Family 5+ |
| Status | Contingent |
Community Information
| Address | 551-564 North Clarence Avenue |
|---|---|
| Area | Watseka |
| City | Watseka |
| County | Iroquois |
| State | IL |
| Zip Code | 60970 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Cooling | Wall Sleeve |
|---|---|
| Fireplace | No |
| Has Basement | No |
Exterior
| Roof | Composition |
|---|---|
| Foundation | Concrete Perimeter |
Additional Information
| Days on Market | 1246 |
|---|---|
| Zoning | MULTI |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Taxes | $27,600 |
Listing Details
| Office | McColly Bennett Real Estate |
|---|