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McColly Real Estate Logo Active Under Contract Commercial Sale Multifamily

551 North Clarence Avenue, Watseka, Illinois, 60970, USA

USD $2,000,000
Reference ID: 11093257 Web ID: 63dcf
  • 54 total units

  • 27 two-unit buildings

  • 42 units in Watseka

  • 12 units in Gilman

  • 48 one-bedroom units

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.
  • Transaction Type: Commercial Sale
  • Property Type: Multifamily
  • Status: Active Under Contract
  • Year Built: 1990
  • Lot Size: 4.94 Acres
Map
Businesses Nearby

Trios Steakhouse

(0.7 miles away)

Shorty's

(0.7 miles away)

Subway

(0.8 miles away)

Super Buffet

(0.8 miles away)

Silo Pub & Eatery

(0.8 miles away)

La Potosina

(0.9 miles away)

Monical's Pizza Of Watseka

(1 mile away)

RIGOS TACOS

(1 mile away)

Watseka Table Family Restaurant

(1 mile away)

Topper

(1 mile away)
Public Transportation

Watseka Public Library

(0.8 miles away)

Train Station

(0.9 miles away)
Airports

Braden Farms Airport-98LL

(3 miles away)
Contact McColly Real Estate
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Property Highlights

  • 54 total units

  • 27 two-unit buildings

  • 42 units in Watseka

  • 12 units in Gilman

  • 48 one-bedroom units