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Kimberly Zahand

[email protected] +1(630) 215-6063

$ 2,000,000

Est. payment -/mo

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Active Under Contract

551-564 N Clarence AVE Watseka, IL 60970

4.94 Acres Lot

UPDATED:

12/27/2024 04:58 PM

Key Details

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID 11093257

Year Built 1990

Annual Tax Amount $27,600

Tax Year 2020

Lot Size 4.940 Acres

Lot Dimensions 4.94 AC

Property Sub-Type Multi Family 5+

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.

Location

State IL

County Iroquois

Area Watseka

Zoning MULTI

Interior

Cooling Wall Sleeve

Fireplace N

Exterior

Roof Type Composition

Building

Dwelling Type Multi Family 5+

Level or Stories 1

Structure Type Wood Frame

Listed by Jay Tamblyn • McColly Bennett Real Estate

Kimberly Zahand

+1(630) 215-6063

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Kimberly Zahand

551-564 N Clarence AVE Watseka, IL 60970

Key Details

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Interior

Exterior

Building

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551-564 N Clarence AVE