603 N Prospect Street

Cambridge, IL 61238

This listing presents an excellent investment opportunity consisting of two multi-family properties located at 603 N. Prospect Street in Cambridge and 503 10th Avenue in Orion. Together, the properties offer a total of 40 residential units, including 24 studio apartments, ten one-bedroom units, four handicap-accessible one-bedroom units, and two two-bedroom units. Both buildings operate under HUD housing requirements, serving residents who are 62 years of age or older or individuals with qualifying disabilities. The properties are well-maintained and provide key amenities such as a community room and coin-operated laundry facilities, offering comfort and convenience for tenants. With a strong history of occupancy and consistent rental income, these safe and secure buildings represent a turnkey portfolio with significant income potential in the affordable housing sector.

Listing Courtesy of MRED as distributed by MLS Grid of Lori Bonarek Realty



Based on information submitted to the MLS GRID as of 2025-06-29 10:12 PM 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.
Last checked: 2025-06-29 10:12 PM UTC
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