BEDS0
BATHS
MLS#11093257
STATUSContingent
PROPERTY TYPEMulti Unit - Multiple
Property 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.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Wall Sleeve
Lot Size: 4.94 Acres
Roof Type: Composition
Stories: 1.0
Taxes: $6,458
Year Built: 1990
Feature Descriptions
Current Use: Multi-Family, Elderly Housing
Drains: Accessible Entrance, Security Lighting, Storms and Screens (as exist)
Exterior: Wood
Foundation: Concrete Perimeter
Frontage Type: City Street, Public Road, Paved
HVAC: Electric
Lot Dimensions: 4.94 AC
Miscellaneous Indoor: Common Meeting Room/s, Accessible Entrance, Laundry Room
Miscellaneous Outdoor: Accessible Entrance, Security Lighting, Storms and Screens (as exist)
Parcel#: 19331770010000
Parking: 51-100 Spaces
Potential Use: Multi-Family, Elderly Housing, Single Room Occupancy
Tenant Pays: Air Conditioning, Electricity, Heat
Units: 54
Listed By / Shown By
Listed By
Agency Name: McColly Bennett Real Estate
Agency Phone: 815-929-9381
Shown By
Agency Title: Gambino Realtors
Agency Phone: 815-282-2222
Estimate Your Payment
Estimated Payment
$ 10,206.12 per month $9,084.62 Principal & Interest $538.17 Property Tax $583.33 Homeowner's Insurance
551-564 N Clarence Avenue | MLS# 11093257
This multi-family property located at 551-564 N Clarence Avenue, Watseka, IL 60970 is currently listed for sale with an asking price of $2,000,000. Search Watseka real estate on www.gogambino.com today.