551-564 North Clarence Avenue, Watseka, IL


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About 551-564 North Clarence Avenue

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.

Features of 551-564 North Clarence Avenue

MLS® # 11093257
Price $2,000,000
Bathrooms 0.00
Acres 4.94
Year Built 1990
Type Commercial Sale
Sub-Type Multi Family 5+
Status Contingent

Community Information

Address 551-564 North Clarence Avenue
Area Watseka
City Watseka
County Iroquois
State IL
Zip Code 60970


Is Waterfront No
Has Pool No


Cooling Wall Sleeve
Fireplace No
Has Basement No


Roof Composition
Foundation Concrete Perimeter

Additional Information

Days on Market 1153
Zoning MULTI
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeMcColly Bennett Real Estate

Listing Map

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