Active Under Contract Commercial Sale Multifamily

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

USD $2,000,000

Listed by McColly Real Estate

Contact

Reference ID:11093257 Web ID:63dcf

Property Highlights

54 total units
27 two-unit buildings
42 units in Watseka
12 units in Gilman
48 one-bedroom units

Description

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.

Detail & Features

Transaction Type:Commercial Sale
Property Type:Multifamily
Status:Active Under Contract
Year Built:1990
Lot Size:4.94 Acres

Map

Area Features

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)

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Contact McColly Real Estate

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54 total units
27 two-unit buildings
42 units in Watseka
12 units in Gilman
48 one-bedroom units

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24 miles away

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USD $450,000

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Kankakee, Illinois, USA

25 miles away

Kankakee 9-unit Rooming House with Community Kitchen and Laundry Facilities

USD $159,900

Details

Colfax, Illinois, USA

49 miles away

10-unit Usda Subsidized Property in Colfax, Includes Package with 34 Units in Gibson City

USD $300,000

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Hanna City, Illinois, USA

109 miles away

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USD $450,000

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OFFICE

INDUSTRIAL

MULTIFAMILY

RETAIL

MIXED-USE

HOSPITALITY

LAND

SPECIAL PURPOSE

Choose Your Preferences

54-unit Subsidized Senior Housing Portfolio in Watseka and Gilman, Illinois

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

Businesses Nearby

Public Transportation

Airports

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Kankakee 9-unit Rooming House with Community Kitchen and Laundry Facilities

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Property Highlights

Nearby Multifamily Properties

Fully Leased 6-unit Multifamily Property in Prime Kankakee Location

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10+ Unit Multi-family Facility in Kountryview Estate, Close to Peoria, 3.88 Acres