Cambridge, IL Residential income properties for sale

Updated: Jun 16, 2025

HUD Apartment Portfolio

603 N Prospect Street, Cambridge, IL 61238

$1,999,999

1.06 AC lot

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
Community room at each property
Coin‑operated laundry facilities

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Updated: May 28, 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 a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center

Based on your search, we've compiled 8 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 1 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.

6-Unit Apartment Building

1907 16th Street, Silvis, IL 61282

$325,000

10,890 sqft

Six multifamily units are offered with month-to-month occupancy and rear carport parking.

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Occupied Duplex with Newer Roof

1730 10th Street, Moline, IL 61265

$58,000

Two residential units include one two-bedroom apartment and one one-bedroom apartment.

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Updated Brick Duplex

1009 & 1011 14th St, Silvis, IL 61282

$140,000

Two-bedroom units feature separate utility meters, laundry hookups, and individual heating and cooling systems.

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Two-Unit Duplex

349 10th Street, Moline, IL 61265

Contact for pricing

Each residence provides two bedrooms and one bathroom, with one unit available for occupancy.

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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.

Multifamily Land for Sale

1810 Old W Main Street, Carbondale, IL 62901

$33,500

0.87 AC lot

0.87 acre lot zoned R-3 near shopping center.

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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 Residential Income Properties Market Trends and Statistics

Explore 3 residential income properties for sale in Cambridge, IL on our real estate platform.

Sale prices for residential income properties in Cambridge, IL average $1,999,999 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Neighborhood	Average Price
61238	$2M

Neighborhood

Average Price

61238

$2M

Cambridge, IL Residential Income Properties for Sale

603 N Prospect Street, Cambridge, IL 61238

603 N Prospect Street, Cambridge, IL 61238