Building Details

Stories 1

Units 41

Listing Agency: Lori Bonarek Realty

Listed By: Lori Bonarek · License #471022278 Show Phone

Source: Fishmangroup

Added: Jun 16, 2025 Changed: Oct 26 Last Checked: Oct 26 at 3:53AM

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Investment Insights

Based on property information with market context.

This apartment portfolio comprises two properties: 603 N. Prospect Street in Cambridge and 509 10th Avenue in Orion. Both operate under HUD housing requirements and serve residents who are at least 62 years old or have qualifying disabilities. The buildings include community room space and coin-operated laundry facilities.

The properties are zoned MULTI. Their locations are in Cambridge and Orion, Illinois.

Key Highlights

• Two apartment properties at 603 N. Prospect Street in Cambridge and 509 10th Avenue in Orion
• Both properties operate under HUD housing requirements
• Housing serves residents age 62 or older and individuals with qualifying disabilities

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Dental Office HVAC Service Auto Parts Store Pharmacy Spa & Massage Center Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

41

Residential units

Location Intelligence

Trade Area within ½ mile

178

Businesses Nearby

Explore this area Business Placement

Demographics for 61238, IL

3,028

Population

1,158

Households

2.6

Avg Household Size

44

Median Age

19%

College-Educated

94%

High-School Grad

101.3 sq mi

ZIP Area

30

Density / Sq Mi

$75,294

Median Household Income

$33,500

Median Earnings

$1,044

Median Rent

$129,700

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Frequently Asked Questions

What type of property is this?

Apartment building - The buildings serve residents age 62 and older or individuals who meet qualifying disability criteria.

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 apartment properties at 603 N. Prospect Street in Cambridge and 509 10th Avenue in Orion; Both properties operate under HUD housing requirements; Housing serves residents age 62 or older and individuals with qualifying disabilities