Turnkey HUD Senior Apartment
603 N Prospect Street Cambridge, IL 61238
603 N Prospect Street, Cambridge, IL, 61238
$1,999,999
For Sale
$1,999,999
Two HUD-regulated apartment properties total 41 units with community rooms and coin-operated laundry facilities.
Days on Market404
Property Features for 603 N Prospect Street
General Information
- Standard status
- Active
- Property subtype
- General Commercial
Listing agency
Lori Bonarek Realty
(815) 325-4760
Listed by
Lori Bonarek · License #471022278
(815) 325-4760
Source
Xome
Added: Jun 13, 2025 Updated: Jul 20 at 5:02PM Checked: Jul 21 at 3:02AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lori Bonarek Realty
Investment Insights
Based on property information with market context.
This turnkey portfolio includes two multi-family properties operating under HUD housing requirements. Together, the buildings provide 41 residential units: 24 studio apartments, ten one-bedroom units, four handicap-accessible one-bedroom units, and two two-bedroom units.
Both properties are designed for residents who are 62 years of age or older or individuals with qualifying disabilities. The buildings are described as well-maintained and include shared amenities such as a community room and coin-operated laundry facilities.
The offering is presented with a strong history of occupancy and consistent rental income, with both buildings positioned to support affordable housing operations under HUD guidelines.
Both properties are designed for residents who are 62 years of age or older or individuals with qualifying disabilities. The buildings are described as well-maintained and include shared amenities such as a community room and coin-operated laundry facilities.
The offering is presented with a strong history of occupancy and consistent rental income, with both buildings positioned to support affordable housing operations under HUD guidelines.
Key Highlights
- Two multi‑family properties: 603 N. Prospect Street, Cambridge and 503 10th Avenue, Orion
- Total of 41 residential units: 24 studios, 10 one‑bedroom units, 4 handicap‑accessible one‑bedroom units, and 2 two‑bedroom units
- HUD housing requirements: residents are 62+ or have qualifying disabilities
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Two HUD-regulated apartment properties total 41 units with community rooms and coin-operated laundry facilities.
Where is this apartment building located?
The property is located at 603 N Prospect Street Cambridge, IL.
What is the asking price?
The asking price for this property is $1,999,999.
What are key features of this property?
This property features: Two multi‑family properties: 603 N. Prospect Street, Cambridge and 503 10th Avenue, Orion; Total of 41 residential units: 24 studios, 10 one‑bedroom units, 4 handicap‑accessible one‑bedroom units, and 2 two‑bedroom units; HUD housing requirements: residents are 62+ or have qualifying disabilities
