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    551-564 N Clarence Avenue

    Watseka, IL 60970
    • $2,000,000
    • STATUS: Active Under Contract
    • ON SITE: 127 days
    • MLS #: 11093257
    Under Contract
    UPDATED: 81 min ago
    $2,000,000
    • 0
      BEDS
    • 4.94
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1990
    County:
    Area:

    School Ratings & Info

    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.

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    © 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or The Wexler Group | Keller Williams Preferred Realty. Based on information submitted to the MRED as of 2021-09-24T16:08:37.127 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    551-564 N Clarence Avenue Watseka, IL 60970

    • Price: $2,000,000
    • Status: Active Under Contract
    • Updated: 81 min ago
    • MLS #: 11093257
    0
    Beds
    0
    Baths
    0
    ½ Baths
    4.94
    Acres
    1990
    Built
    Neighborhood:
    Watseka
    County:
    Iroquois
    Area:
    Watseka
    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.
    Exterior Features

    Foundation Details Concrete Perimeter Frontage Type City StreetPublic RoadPaved Land Amenities Lighting/ExteriorSidewalks Outdoor Parking 51-100 Spaces Parking Total 60 Roof Composition

    Interior Features

    Basement None Cooling Wall Sleeve Heat Ventilation Electric Miscellaneous Inside Common Meeting Room/SHandicapped AccessLaundry Room Number Of Ranges 54

    Property Features

    Additional Parcels YN Yes Approximate Age 36-50 Years Built Before1978 YN No Contingency Attorney/Inspection Continue To Show No - Has Seller Written Direction Current Use Multi-FamilyElderly Housing Gross Income 0 Gross Scheduled Income 0 Insurance Expense 0 Maintenance Expense 0 Net Operating Income 0 Operating Expense 0 Ownership Types Corporation Possible Use Multi-FamilyElderly HousingSingle Room Occupancy Tax Annual Amount 27600 Tax Year 2020 Tenant Pays Air ConditioningElectricityHeat Total Monthly Income 0 Type Multi Family 5+ Zoning Multi

    Listing information © 2021 Midwest Real Estate Data LLC.
    Listing provided courtesy of Mccolly Bennett Real Estate.


    © 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or The Wexler Group | Keller Williams Preferred Realty. Based on information submitted to the MRED as of 2021-09-24T16:08:37.127 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
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