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Listed by Jay Tamblynof McColly Bennett Real Estate
$ 2,000,000
Est. payment | /mo
4.94 Acres Lot
$ 2,000,000
Est. payment | /mo
4.94 Acres Lot
Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 11093257
Year Built 1990
Annual Tax Amount $6,458
Tax Year 2024
Lot Size 4.940 Acres
Lot Dimensions 4.94 AC
Property Sub-Type Multi Family 5+
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.
Location
State IL
County Iroquois
Zoning MULTI
Rooms
Basement None
Interior
Cooling Wall Sleeve
Fireplace N
Exterior
View Y/N true
Roof Type Composition
Building
Foundation Concrete Perimeter
Structure Type Wood
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2600 S. Michigan Ave., STE 102, Chicago, IL, 60616, United States