400 N Main Street , Princeton, IL 61356

$440,000
  • 400 N Main Street , Princeton, IL 61356 Main Photo

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New to the Market New
BEDS5 BATHS5 full MLS#12646206
STATUSNew PROPERTY TYPEMulti Unit - Multiple SCHOOLDistrict 500

Property Description

This well-maintained 12-unit mixed-use property presents a compelling opportunity for investors seeking immediate cash flow with additional upside potential. The asset is comprised of three residential units (two spacious two-bedroom apartments and one efficiently designed studio), alongside nine commercial spaces fronts that provide diversified income streams. Over the past several years, the building has undergone significant renovations, resulting in a turnkey investment requiring no immediate capital improvements. All units are in strong condition, allowing a new owner to step in and begin generating revenue from day one. In addition to its current income, the property features a partially finished lower level, offering clear value-add potential. Investors may explore opportunities to further develop this space into additional residential or commercial units, subject to local zoning and approvals, thereby increasing overall returns. With a balanced unit mix, recent upgrades, and future expansion potential, this property is ideally positioned for both stable cash flow and long-term appreciation.

400 N Main Street | MLS# 12646206

This multi-family property located at 400 N Main Street , Princeton, IL 61356 is currently listed for sale with an asking price of $440,000. N Main Street is located within the District 500 school district. Search Princeton real estate on www.dickersonnieman.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Unfinished, Full
Heating: Natural Gas, Forced Air
Lot Size: 120 x 130
Taxes: $2,201
Year Built: 1947

Feature Descriptions

Exterior: Vinyl Siding
Lot Dimensions: 120 x 130
Parcel#: 1609364010
Parking: Parking Lot, Yes
Sewer: Public Sewer
Total Rooms: 19
Township: Princeton
Water: Public

Local Schools

School District: District 500

Listed By / Shown By

Listed By

Agency Name: Landmark Realty of Illinois LLC
Agency Phone: 815-875-1221

Shown By

Agency Title: Dickerson & Nieman Realtors
Agency Phone: 815-227-5900

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Estimated Payment

$ 1,291.00 per month $979.25 Principal & Interest $183.42 Property Tax $128.33 Homeowner's Insurance

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