551 N CLARENCE AVE APT 564
WATSEKA, IL 60970

$2,000,000

N/A Beds

0 Baths

N/A Sq Ft

Status Active Under Contract

MLS# 11093257

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.

Details for 551 N CLARENCE AVE APT 564

Built in 1990

60 parking spaces

Wall Sleeve

1104 Days on website

4.94 acres lot

Building And Construction

Number Of Units Total

Property Sub Type

Multi Family

Property Type

Residential Income

Year Built

1990

Exterior And Lot

Lot Size Acres

4.94

Lot Size Square Feet

215186

Parking Total

Zoning

MULTI

Utilities

Cooling

Wall Sleeve

Area And Schools

City

Watseka

County Or Parish

Iroquois

Financial Info

Buyer Agency Compensation^*

2% - $395

^*The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Tax Annual Amount

$27,600.00

Tax Year

2020

Additional Info

Status Detail

Contingent