HUD Apartment
For Sale
$1,999,999
603 N Prospect Street, Cambridge, IL 61238
Commercial Sale, Cambridge, IL
Property SizeContact for details
Lot Size1.06 Acres
Days on Market456
Property Features for 603 N Prospect Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
MULTI
Bedrooms
42
Bathrooms
40
Full bathrooms
40
Rooms
Bedroom 24, Bathroom 16, Bedroom 39, Bedroom 41, Bathroom 33, Bathroom 11, Bedroom 4, Bathroom 20, Bathroom 7, Bedroom 16, Bedroom 40, Bathroom 19, Bedroom 15, Bathroom 13, Bedroom 33, Bedroom 42, Bathroom 34, Bathroom 2, Bedroom 13, Bedroom 21, Bathroom 8, Bathroom 38, Bedroom 19, Bedroom 34, Bedroom 2, Bathroom 39, Bathroom 9, Bedroom 12, Bedroom 37, Bedroom 6, Bedroom 22, Bathroom 28, Bathroom 32, Bedroom 3, Bedroom 8, Bedroom 36, Bedroom 30, Bedroom 25, Bathroom 10, Bedroom 28, Bedroom 17, Bedroom 23, Bathroom 4, Bathroom 18, Bathroom 21, Bathroom 3, Bedroom 26, Bathroom 15, Bathroom 36, Bedroom 35, Bathroom 26, Bathroom 1, Bathroom 12, Bathroom 29, Bedroom 7, Bathroom 5, Bedroom 20, Bedroom 5, Bathroom 25, Bathroom 14, Bathroom 27, Bedroom 31, Bedroom 32, Bathroom 17, Bathroom 30, Bedroom 29, Bedroom 9, Bathroom 40, Bathroom 35, Bedroom 11, Bedroom 10, Bathroom 31, Bathroom 37, Bedroom 27, Bathroom 24, Bathroom 6, Bathroom 22, Bedroom 14, Bedroom 1, Bedroom 18, Bathroom 23, Bedroom 38
Directions
Division St. to east on 10th Ave. to property
Subdivision
Out of Area West
Standard status
Active
APN
1807202012
Lot size
1.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
21294
Amenities
community room
coin-operated laundry
Building Details
Floors in Building
1
Number of units
41
Building materials
Vinyl Siding
Roof type
Composition
Listing Agency:
Lori Bonarek Realty
(815) 518-2300
Listed By:
Lori Bonarek · License #471022278
(815) 325-4760
Added: Jun 16, 2025
Changed: Sep 12
Last Checked: Sep 14 at 5:06AM
MLS# 12393172
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.
This multifamily portfolio includes apartment properties at 603 N. Prospect Street in Cambridge and 509 10th Avenue in Orion, Illinois. The buildings operate under HUD housing requirements for residents age 62 and older or individuals with qualifying disabilities. Unit layouts include studio apartments, one-bedroom apartments, accessible one-bedroom apartments, and two-bedroom apartments. Both properties feature community rooms and coin-operated laundry facilities for resident use.
The offering combines two apartment locations within Henry County. The Cambridge property is identified within the 61238 postal area, and the portfolio carries MULTI zoning. The properties occupy a combined residential income platform serving HUD-qualified households.
The offering combines two apartment locations within Henry County. The Cambridge property is identified within the 61238 postal area, and the portfolio carries MULTI zoning. The properties occupy a combined residential income platform serving HUD-qualified households.
Key Highlights
- Two‑property multifamily portfolio at 603 N. Prospect Street, Cambridge, and 509 10th Avenue, Orion
- HUD housing for residents age 62 or older and individuals with qualifying disabilities
- Unit mix includes 24 studio apartments, 10 one‑bedroom units, 4 handicap‑accessible one‑bedroom units, and 2 two‑bedroom units
Property Analytics
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Current Use
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
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Two multifamily properties with age- and disability-qualified HUD housing, shared resident amenities, and on-site 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‑property multifamily portfolio at 603 N. Prospect Street, Cambridge, and 509 10th Avenue, Orion; HUD housing for residents age 62 or older and individuals with qualifying disabilities; Unit mix includes 24 studio apartments, 10 one‑bedroom units, 4 handicap‑accessible one‑bedroom units, and 2 two‑bedroom units
