551-564 N Clarence Avenue Watseka, IL ^$ 2,000,000

551-564 N Clarence Avenue

^$ 2,000,000

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551-564 N Clarence Avenue

Watseka, IL, 60970

^$ 2,000,000

Bedrooms3 Baths0.0

Monthly Estimate*

^$ 13,971

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Multi-Family Home for sale in Watseka, IL

for $2,000,000 with 3 bedrooms. This home was built in 1990 on a lot size of 4.94.

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.

Multi-Family Contingent

Price

^$ 2,000,000

Bedrooms

Property Type

Multi-Family

Taxes

^$ 27,600

Style

Multi-Family,Elderly Housing

Lot Size

4.94

Year Built

1990

Town/City

Watseka

County/Region

Iroquois

MLS | Web ID

11093257

Features

General

Cooling Wall Sleeve

Roof Composition

Zoning MULTI

Construction Materials Wood Frame

Year Built 1990

Tenant Pays Air Conditioning Electricity Heat

Stories 1

Tax Year 2020

Current Use Multi-Family Elderly Housing

Gross Income 0

County Iroquois

Net Operating Income 0

Operating Expense 0

Insurance Expense 0

Property Type Commercial Sale Multi Family 5+

Contingency Attorney/Inspection

Possible Use Multi-Family Elderly Housing Single Room Occupancy

Status Contingent

Directions US 45 / 52 S to IL 49 to Main St. to W. Walnut to N Eighth to E Elm to N. Clarence.

City Watseka

Total Units 54

MLS Area Watseka

Street Name Clarence

Tax Annual Amount 27600

Electric Expense 0

Fuel Expense 0

Trash Expense 0

Water Sewer Expense 0

Additional Parcels Y/N Y

Days on Market 718

Standard Status Active Under Contract

Exterior

Foundation Details Concrete Perimeter

Lot Dimensions 4.94 AC

Lot Size Acres 4.94

Frontage Type City Street Public Road Paved

Interior

Street Suffix Avenue

Basement None

* Excluded Features

List By

Mccolly Bennett Real Estate

Broker

bucktamblyn@mccolly.com

Affordability Calculator

$16,271

Per Month

Monthly Principal & Interest: $13,971
Monthly Property Taxes: $2,300
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% 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

Trends
Schools

Multi-family listings in Watseka, IL

Average List Price ^$1,072,950

Percent of Sale Price 46%

About Watseka, IL

4,905 Population

-13% Since 2002

^$39,240 Median Income

42.11 Median Age

23% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/19/2021	$2,000,000		Listed Price

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551-564 N Clarence Avenue, Watseka, IL, 60970 is a Multi-Family Home for sale at $2,000,000 with a lot size of 4.94. 551-564 N Clarence Avenue has 3 bedrooms, 0.0 baths, and was built in 1990. The property's zip code is 60970 which is in Watseka, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% 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.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is 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.

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Data is updated as of 4/29/2024.

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551-564 N Clarence Avenue

Multi-Family Home for sale in Watseka, IL

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