Active Under Contract
551-564 N Clarence Avenue, Watseka, IL
  • $2,000,000

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.

  • Listing Courtesy of: McColly Bennett Real Estate

Details

Updated on July 22, 2026 at 9:13 pm
  • Property ID MRD11093257
  • Price $2,000,000
  • Land Area 4.94 Acres
  • Year Built 1990
  • Property Type Multi Family
  • Property Status Active Under Contract
  • Parcel Number 19331770010000
  • MLS Status Contingent
  • Co List Agent MLS ID MRD940023
  • Days On Market 100
  • Living Area 4.94
  • Cumulative Days On Market 1849
  • Tax Annual Amount 20731.48
  • Cooling Wall Sleeve
  • Directions US 45 / 52 S to IL 49 to Main St. to W. Walnut to N Eighth to E Elm to N. Clarence.
  • StoriesTotal 1
  • Zoning MULTI

Address

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  • Address 551-564 N Clarence Avenue
  • City Watseka
  • State/county IL
  • Zip/Postal Code 60970
  • Country United States

Overview

Property ID: MRD11093257
  • Multi Family
  • Property Type
  • 1990
  • Year Built

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