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603 N Prospect Street Cambridge, IL $ 1,999,999
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$ 1,999,999 Get more info
603 N Prospect Street
$ 1,999,999
Back to search
Share Save

603 N Prospect Street

Cambridge, IL, 61238
$ 1,999,999
Bedrooms4 Baths0.0

Monthly Estimate*

$ 12,314

603 N Prospect Street, Cambridge, IL 61238 - Image 1
603 N Prospect Street, Cambridge, IL 61238 - Image 2
603 N Prospect Street, Cambridge, IL 61238 - Image 3
603 N Prospect Street, Cambridge, IL 61238 - Image 4
603 N Prospect Street, Cambridge, IL 61238 - Image 5
603 N Prospect Street, Cambridge, IL 61238 - Image 6
603 N Prospect Street, Cambridge, IL 61238 - Image 7
603 N Prospect Street, Cambridge, IL 61238 - Image 8

Multi-Family Home for sale in Cambridge, IL

for $1,999,999 with 4 bedrooms. The lot size is 1.06.

This listing presents an excellent investment opportunity consisting of two multi-family properties located at 603 N. Prospect Street, Cambridge and 503 10th Avenue, Orion. Together, the properties offer a total of 41 residential units, including 24 studio apartments, ten one-bedroom units, four handicap-accessible one-bedroom units, and two two-bedroom units. Both buildings operate under HUD housing requirements, serving residents who are 62 years of age or older or individuals with qualifying disabilities. The properties are well-maintained and provide key amenities such as a community room and coin-operated laundry facilities, offering comfort and convenience for tenants. With a strong history of occupancy and consistent rental income, these safe and secure buildings represent a turnkey portfolio with significant income potential in the affordable housing sector.

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Multi-Family Active

Price

$ 1,999,999

Bedrooms

4

Property Type

Multi-Family

Taxes

$ 11,505

Style

Multi-Family

Lot Size

1.06

Town/City

Cambridge

County/Region

Henry

MLS | Web ID

12393172
Features
General
Possession Closing
Roof Composition
Zoning MULTI
Construction Materials Vinyl Siding
Year Built 0
Stories Count 1
Township Western
Tax Year 2024
Current Use Multi-Family
Gross Income 0
County Henry
Net Operating Income 0
Operating Expense 0
Insurance Expense 0
Property Type Commercial Sale Multi Family 5+
MaintenanceExpense 0
Status Price Change
Directions Division St. to east on 10th Ave. to property
City Cambridge
Number Of Units Total 40
MLS Area Out of Area West
Lot Size Square Feet 46174
Tax Annual Amount 11505.48
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N Y
Standard Status Active
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Exterior
Lot Dimensions 152 X 304
Lot Size Acres 1.06
Frontage Type City Street
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* Excluded Features
List By
Lori Bonarek Realty

Broker

loribonarek@loribonarekrealty.com

Email

Affordability Calculator

$13,273
Per Month
93%
7%
0%
Monthly Principal & Interest
$12,314
Monthly Property Taxes
$959
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
1/19/2026$1,999,999 -9.09% Price Down
6/16/2025$2,200,000 Listed Price

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603 N Prospect Street, Cambridge, IL, 61238 is a Multi-Family Home for sale at $1,999,999 with a lot size of 1.06. 603 N Prospect Street has 4 bedrooms and 0.0 baths. The property's zip code is 61238 which is in Cambridge, IL

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