12-Unit Mixed-Use
For Sale
$420,000
400 N Main Street, Princeton, IL 61356
Residential Income, Princeton, IL
Property SizeContact for details
Days on Market106
Property Features for 400 N Main Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
5
Full bathrooms
3
Half bathrooms
2
Rooms
Bathroom 1, Bedroom 4, Bedroom 3, Bedroom 1, Basement, Bedroom 2, Bathroom 2, Bathroom 5, Bedroom 5, Bathroom 3, Bathroom 4
Parking
12
Parking features
Parking Lot
Basement
Full, Unfinished
Elementary school district
115
Middle school district
115
High school district
500
Directions
North Main St. in Princeton.
Subdivision
Hollowayville / Princeton
Standard status
Active
APN
1609364010
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
2201
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Water source
Public
Building Details
Year built
1947
Building materials
Vinyl Siding
Listing Agency:
Landmark Realty of Illinois LLC
(815) 875-1221
Listed By:
Janelle McCarter · License #471004781
(815) 252-7283
Added: May 12
Changed: Aug 20
Last Checked: Aug 25 at 5:06AM
MLS# 12646206
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 400 N Main Street in Princeton, this mixed-use building contains 12 units across residential and commercial components. The residential portion includes two two-bedroom apartments and one studio, while nine commercial spaces provide street-facing business areas. Renovations completed over the past several years have updated the property, and the units are described as being in strong condition.
A partially finished lower level adds additional interior space that may be further developed into residential or commercial units, subject to local zoning and approvals. The property was built in 1947 and features vinyl siding, forced-air heating, natural gas service, a parking lot, public water, and public sewer. The configuration supports a combination of apartment and commercial occupancy within one building.
A partially finished lower level adds additional interior space that may be further developed into residential or commercial units, subject to local zoning and approvals. The property was built in 1947 and features vinyl siding, forced-air heating, natural gas service, a parking lot, public water, and public sewer. The configuration supports a combination of apartment and commercial occupancy within one building.
Key Highlights
- 12 total units: two two‑bedroom apartments, one studio, and nine commercial spaces
- Partially finished lower level with potential for additional residential or commercial units, subject to approvals
- Renovations completed over the past several years
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
414
Businesses Nearby
Explore this area
Business Placement
Demographics for 61356, IL
10,915
Population
5,120
Households
2.1
Avg Household Size
48
Median Age
28%
College-Educated
93%
High-School Grad
189.6 sq mi
ZIP Area
58
Density / Sq Mi
$63,952
Median Household Income
$35,830
Median Earnings
$751
Median Rent
$146,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Renovated building combines apartments, commercial frontage, and a partially finished lower level.
Where is this mixed-use property located?
The property is located at 400 N Main Street Princeton, IL.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: 12 total units: two two‑bedroom apartments, one studio, and nine commercial spaces; Partially finished lower level with potential for additional residential or commercial units, subject to approvals; Renovations completed over the past several years
