551-564 N Clarence Ave

Watseka, IL 60970
  • $2,000,000

    Price
  • 4.94

    Acre

About the Listing 94050 - 940284,940023,99999

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.

Listing Highlights for 551-564 N Clarence Ave

Status Pending
Days on Site 1974
Property Type Multi-Family
MLS ® 11093257
Year Built 1990
Lot/Acreage 4.94
County Iroquois

Interior Details

  • Appliances:
  • Air Cond: Wall Sleeve
  • Heating: Electric
  • Fireplaces:
  • Floor:
  • Basement:
  • Other:
  • Water:

Exterior Details

  • Garage Capacity: N/A
  • Lot Dimensions: 4.94 AC
  • Zoning: MULTI
  • Roof: Composition
  • Others:
  • Sewer:
  • Parking Features: 51-100 Spaces

Financial Details

  • Tax Amount: $20,731
  • Taxes w/Assessments: N/A
  • Tax/Property ID: 19331770010000
  • Tax Year: 2025

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Listing Location

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551-564 N Clarence Ave Watseka, IL 60970

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Originating MLS: mred

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Puneet "Pete" Kapoor - CPA, ABR, PSA, SRS, CIPS, ACP

CPA, SRS, PSA, CIPS, ACP, GROUP LEAD, REALTOR | PRINCIPAL CO-OWNER | The Sterling Group Global | Keller Williams Infinity

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