Cambridge, IL Multifamily properties for sale

Updated: Jun 16, 2025

Turnkey Multi-Family Investment Opportunity

603 N Prospect Street, Cambridge, IL 61238

$1,999,999

1.06 AC lot

Portfolio includes two multi‑family properties 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
Both buildings operate under HUD housing requirements for residents 62+ or with qualifying disabilities
Amenities include a community room and coin‑operated laundry facilities
Buildings use vinyl siding exterior and composition roofs

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Updated: Jun 13, 2025

Turnkey HUD Senior Apartment Portfolio

603 N Prospect Street, Cambridge, IL 61238

$1,999,999

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
Both buildings include a community room
Both buildings offer coin‑operated laundry facilities

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Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center

Based on your search, we've compiled 11 Potential Opportunities for your consideration. Besides 2 Active listings in Cambridge, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Rock Island Apartment Community

1103 25th Street, Rock Island, IL 61201

$2,700,000

42,000 sqft 1.99 AC lot

48-unit apartment community in Rock Island, Illinois.

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Bettendorf Multifamily Investment Opportunity

932 State Street, Bettendorf, IA 52722

$1,595,000

17,400 sqft

28-unit apartment community in central Bettendorf, Iowa.

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Former Auto Service Storefront

1720 State Street, Bettendorf, IA 52722

$249,900

9,540 sqft

Formerly used as an auto-related facility and recently inspected as structurally sound, with a required sale tied to a nearby parcel.

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Turnkey Multifamily Property in Rock Island

1600 9TH Street, Rock Island, IL 61201

$79,900

1,407 sqft

Fully occupied duplex with recent upgrades and positive cash flow.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Land For Sale, Lakemoor, IL

27 Oyster Bay, Lakemoor, IL 60051

Contact for pricing

0.12 AC lot

Commercial land available in Lakemoor, Illinois.

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University Park Developable Land

976 Mesa Court, University Park, IL 60484

Contact for pricing

3.20 AC lot

3.2 acres with 24 concrete housing pads in University Park.

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Commercial Land Development Parcel

17039 Hillside Lane, Jerseyville, IL 62052

$70,000

2.10 AC lot

Roughly two acres off Route 67 with utilities in place and an existing concrete pad for flexible development uses.

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Wooded Homesite in Wheatfield, Indiana

4418 Oakland Court, Wheatfield, IN 46392

Contact for pricing

0.57 AC lot

Spacious, wooded 0.57-acre lot in established neighborhood.

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Off-Market Properties in Cambridge, IL

Consider similar Off-Market properties in Cambridge, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

Multifamily properties

100 East St, Cambridge, IL 61238

Value Estimation by Request

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Cambridge, IL Multifamily Properties for Sale

603 N Prospect Street, Cambridge, IL 61238

603 N Prospect Street, Cambridge, IL 61238