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 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.
Property Details
Price:
$1,999,999
MLS #:
MRD12393172
Status:
Active
Beds:
4
Baths:
4
Type:
Commercial
Neighborhood:
outofareawest
Listed Date:
Jun 16, 2025
Lot Size:
46,174 sqft / 1.06 acres (approx)
See this Listing
Schools
Interior
Exterior
Construction Materials
Vinyl Siding
Roof
Composition
Stories
1
Financial
Tax Year
2024
Taxes
$11,505
Map
Community
- Address603 N Prospect Street Cambridge IL
- CityCambridge
- CountyHenry
- Zip Code61238
Market Summary
Current real estate data for Commercial in Cambridge as of Jun 17, 2026
3
Commercial Listed
225
Avg DOM
$791,666
Avg List Price
Property Summary
- 603 N Prospect Street Cambridge IL is a Commercial for sale in Cambridge, IL, 61238. It is listed for $1,999,999
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Copyright 2026. All rights reserved.
603 N Prospect Street
Cambridge, IL


