400 Main Street, Princeton, Illinois 61356
$420,000
|
For Sale
|
|
| Status: | Active |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 5 |
| Baths: | 0 |
| Year Built: | 1947 |
| Property Taxes: | $2,898 |
| Days On Market: | 179 |
| Lot Size: | 0,00 |
Description
This well-maintained 12-unit mixed-use property presents a compelling opportunity for investors seeking immediate cash flow with additional upside potential. The asset is comprised of three residential units (two spacious two-bedroom apartments and one efficiently designed studio), alongside nine commercial spaces fronts that provide diversified income streams. Over the past several years, the building has undergone significant renovations, resulting in a turnkey investment requiring no immediate capital improvements. All units are in strong condition, allowing a new owner to step in and begin generating revenue from day one. In addition to its current income, the property features a partially finished lower level, offering clear value-add potential. Investors may explore opportunities to further develop this space into additional residential or commercial units, subject to local zoning and approvals, thereby increasing overall returns. With a balanced unit mix, recent upgrades, and future expansion potential, this property is ideally positioned for both stable cash flow and long-term appreciation.
Property Specifics
| Multi-unit | |
| — | |
| — | |
| 1947 | |
| Unfinished, Full | |
| Vinyl Siding | |
| — | |
| — | |
| No | |
| — |
| Bureau | |
| — | |
| — / — | |
| — | |
| Public | |
| Public Sewer | |
| — | |
| Natural Gas, Forced Air | |
| 12646206 | |
| 1609364010 |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| — | Last price change | $440,000 | MRED MLS |
| 12 May, 2026 | Listed for sale | $440,000 | MRED MLS |
Room Specifics
Total Bedrooms: 5
Bedrooms Above Ground: 5
Bedrooms Below Ground: 0
Full Bathrooms: 5
Bathroom Amenities: —
Bathroom in Basement: 0
Rooms: —
Other Specifics
| — | |
| — | |
| Parking Lot | |
| — | |
| — | |
| — | |
| — | |
| — | |
| 120 x 130 | |
| — | |
| — | |
| — | |
| — | |
| Not in DB | |
| — | |
| — | |
| — |
Tax History
| Year | Property Taxes |
|---|---|
| — | $2,898 |
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Listing Provided By
Landmark Realty of Illinois LLC
