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$2,000,000
1284 Days On Site

551-564 N Clarence Avenue
Watseka, IL 60970

For Sale|Multi Family|Active Under Contract
0
Beds
0
Full Baths
0
Partial Baths

SqFt

/SqFt
1990
Built
County:
Iroquois
Listing Courtesy of MRED as distributed by MLS Grid of McColly Bennett Real Estate

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551-564 N Clarence Avenue551-564 N Clarence Avenue551-564 N Clarence Avenue551-564 N Clarence Avenue
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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.

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Listing Snapshot
Price 
$2,000,000
Days On Site 
1284 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
4.94 Acres
Year Built 
1990
MLS® Number 
11093257
Status 
Active Under Contract
Property Tax 
$27,600
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 weeks agoListing updated with changes from the MLS®
3 years agoStatus changed to Active Under Contract
4 years agoListing first seen on site
General Features
Acres 
4.94
Additional Property Use 
Multi-Family
Contingency 
Attorney/Inspection
Foundation 
Concrete Perimeter
Number Of Stories 
1
Property Sub Type 
Multi Family
Zoning 
MULTI
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Exterior Features
Roof 
Composition
Community Features
MLS Area 
Watseka
Listing Courtesy of MRED as distributed by MLS Grid of McColly Bennett Real Estate



Based on information submitted to the MLS GRID as of 2024-10-30 12:00 AM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Data last updated: 2024-10-30 12:00 AM UTC
MRED DMCA Copyright Information Copyright © 2024 Midwest Real Estate Data LLC. All rights reserved.

Neighborhood & Commute
Source: Walkscore
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