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

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.

  • Listing Courtesy of: Landmark Realty of Illinois LLC

Details

Updated on June 28, 2026 at 10:48 pm
  • Property ID MRD12646206
  • Price $440,000
  • Bedrooms 5
  • Year Built 1947
  • Property Type Multi Family
  • Property Status Active
  • Parking Total 12
  • Parcel Number 1609364010
  • Water Source Public
  • Sewer Public Sewer
  • MLS Status Active
  • Co List Agent MLS ID MRD272896
  • Days On Market 47
  • Cumulative Days On Market 8
  • Tax Annual Amount 2201.16
  • Heating Natural Gas,Forced Air
  • Parking Features Parking Lot,Yes
  • Directions North Main St. in Princeton.
  • Address 400 N Main Street
  • City Princeton
  • State/county IL
  • Zip/Postal Code 61356
  • Country United States

Overview

Property ID: MRD12646206
  • Multi Family
  • Property Type
  • 5
  • Bedrooms
  • 1947
  • Year Built

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