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.
Property Details
Price:
$2,000,000
MLS #:
MRD11093257
Status:
Active Under Contract
Beds:
3
Baths:
2
Type:
Commercial
Neighborhood:
watseka
Listed Date:
May 19, 2021
Year Built:
1990
See this Listing
Schools
Interior
Cooling
Wall Sleeve
Exterior
Construction Materials
Wood
Roof
Composition
Stories
1
Financial
Tax Year
2024
Taxes
$6,458
Map
Community
- Address551-564 N Clarence Avenue Watseka IL
- CityWatseka
- CountyIroquois
- Zip Code60970
Market Summary
Current real estate data for Commercial in Watseka as of Jun 09, 2026
3
Commercial Listed
786
Avg DOM
$744,967
Avg List Price
Property Summary
- 551-564 N Clarence Avenue Watseka IL is a Commercial for sale in Watseka, IL, 60970. It is listed for $2,000,000
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Copyright 2026. All rights reserved.
551-564 N Clarence Avenue
Watseka, IL

