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    Turnkey Multi-Family Investment Opportunity Title is generated by Realmo AI

    603 N Prospect Street, Cambridge, IL 61238

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    Claim this Listing
    For Sale
    $1,999,999

    MULTI_FAMILY - Cambridge, IL

    Lot size:
    1.06 Acres
    Added:
    Jun 16, 2025
    Days on Market:
    365
    Last Refresh:
    Jun 15 at 5:06 pm

    Property Features for 603 N Prospect Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    MULTI
    Bedrooms
    18
    Bathrooms
    40
    Rooms
    Bathroom 19, Bathroom 4, Bathroom 7, Bedroom 4, Bathroom 26, Bathroom 27, Bathroom 40, Bathroom 1, Bathroom 39, Bathroom 3, Bedroom 3, Bedroom 9, Bathroom 38, Bedroom 12, Bedroom 13, Bathroom 6, Bathroom 12, Bathroom 13, Bathroom 5, Bathroom 37, Bathroom 21, Bathroom 8, Bedroom 10, Bedroom 18, Bathroom 22, Bathroom 33, Bedroom 6, Bathroom 23, Bathroom 29, Bathroom 24, Bathroom 17, Bedroom 1, Bedroom 8, Bathroom 10, Bathroom 20, Bathroom 28, Bathroom 18, Bathroom 32, Bedroom 5, Bathroom 14, Bedroom 2, Bedroom 14, Bathroom 9, Bathroom 16, Bathroom 34, Bathroom 11, Bathroom 36, Bedroom 7, Bathroom 2, Bathroom 31, Bathroom 30, Bedroom 11, Bedroom 15, Bedroom 17, Bathroom 15, Bathroom 35, Bedroom 16, Bathroom 25
    Standard status
    Active
    APN
    1807202012
    Lot size
    1.06 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    11505

    Building Details

    Floors in Building
    1
    Number of units
    40
    Building materials
    Vinyl Siding
    Roof type
    Composition

    We can help!

    Listing Contact
    Lori Bonarek

    Listing agent Lori Bonarek License #475124600

    Listing office Lori Bonarek Realty 640 S Broadway, Coal City, IL

    Listing date Jun 16, 2025

    MLS# 12393172 Listing URL

    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.

    HighLights

    • Two multi‑family properties located at 603 N. Prospect Street (Cambridge) and 503 10th Avenue (Orion)
    • Total of 41 residential units: 24 studio, ten 1‑bedroom, four handicap‑accessible 1‑bedroom, and two 2‑bedroom units
    • HUD housing requirements: residences serve residents age 62+ or individuals with qualifying disabilities
    • Shared amenities include a community room and coin‑operated laundry facilities
    • Buildings have a composition roof and vinyl siding construction materials

    Overview

    This listing features an investment opportunity consisting of two multi-family properties located at 603 N. Prospect Street, Cambridge and 503 10th Avenue, Orion. The properties offer a total of 41 residential units, including 24 studio apartments, ten one-bedroom units, four handicap-accessible one-bedroom units, and two two-bedroom units. Both buildings operate under HUD housing requirements, serving residents who are 62 years of age or older or individuals with qualifying disabilities. The properties are well-maintained and provide amenities such as a community room and coin-operated laundry facilities. These buildings represent a turnkey portfolio with income potential in the affordable housing sector. The lot size is 1.06 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Restaurant Law Firm Spa & Massage Center Dental Office Auto Repair Shop Pharmacy Big Box & Wholesale Store Hotel & Motel Auto Parts Store Department Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cambridge
    County
    Henry
    State
    Illinois
    Longitude
    -90.192879
    Latitude
    41.308826

    FAQs

    What type of property is this?
    Apartment building - Two multi-family properties with 41 units, strong occupancy history.
    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 located at 603 N. Prospect Street (Cambridge) and 503 10th Avenue (Orion); Total of 41 residential units: 24 studio, ten 1‑bedroom, four handicap‑accessible 1‑bedroom, and two 2‑bedroom units; HUD housing requirements: residences serve residents age 62+ or individuals with qualifying disabilities
    (815) 518-2300
    We can help!
    Listing Contact
    Lori Bonarek
    Real Estate License ID: 475124600
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