400 N Main Street Princeton, IL $ 440,000
400 N Main Street
$ 440,000
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400 N Main Street

Princeton, IL, 61356
$ 440,000
Bedrooms5 Baths5.2

Monthly Estimate*

$ 2,709

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Multi-Family Home for sale in Princeton, IL

for $440,000 with 5 bedrooms and 5 full baths, 2 half baths. This home was built in 1947.

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.

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Multi-Family Active

Price

$ 440,000

Bedrooms

5

Full Bath

5

Half Bath

2

Property Type

Multi-Family

Taxes

$ 2,201

Style

Year Built

1947

Town/City

Princeton

County/Region

Bureau

MLS | Web ID

12646206

Features
General
Sewer Public Sewer
Heating Natural Gas Forced Air
Possession Closing
Construction Materials Vinyl Siding
Year Built 1947
Township Princeton
Tax Year 2024
Ownership Fee Simple
Gross Income 83400
County Bureau
Net Operating Income 69205
New Construction N
Property Type Residential Income Two to Four Units
Total Rooms 19
Status New
Directions North Main St. in Princeton.
City Princeton
High School District 500
MLS Area Hollowayville / Princeton
Tax Annual Amount 2201.16
Standard Status Active
Middle/Junior School District 115
Elementary School District 115
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Interior
Basement Unfinished Full
Total Bedrooms 5
Total Baths 5
Bedrooms Possible 5
Full Baths Building 3
Half Baths Building 2
Total Number of Units 3
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Exterior
Parking Features Parking Lot Yes
Water Source Public
Total Parking 12
Lot Dimensions 120 x 130
Waterfront Y/N N
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* Excluded Features
List By
Landmark Realty Of Illinois Llc

Broker

jalilley24@yahoo.com

Email

Affordability Calculator

$2,893
Per Month
94%
6%
0%
Monthly Principal & Interest
$2,709
Monthly Property Taxes
$183
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
566913 Elementary School
567837 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/13/2026$440,000 Listed Price

Map


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400 N Main Street, Princeton, IL, 61356 is a Multi-Family Home for sale at $440,000. 400 N Main Street has 5 bedrooms, 5.2 baths, and was built in 1947. The property's zip code is 61356 which is in Princeton, IL