Watseka, IL
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    Watseka, IL Residential Income Properties for Sale

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    Crescent City, IL Sheldon, IL Clifton, IL
    Subsidized Senior Housing Portfolio
    $2,000,000
    Subsidized Senior Housing Portfolio

    551-564 N Clarence Avenue, Watseka, IL 60970

    54-unit subsidized senior housing portfolio in Watseka and Gilman, Illinois.
    • 54 total units of subsidized senior housing
    • USDA/RD/HUD subsidies in place (buyer must qualify)
    • Portfolio of 27 two‑unit buildings plus an office/recreational building
    • Mix of 48 one‑bedroom and 6 two‑bedroom units
    • Properties are in "Good" condition
    Updated: May 18, 2021
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    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Watseka, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, 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.

    Three-Unit Townhouse-Style Property
    $350,000
    0.40 Acres
    Three-Unit Townhouse-Style Property

    Three-unit townhouse-style multifamily with full occupancy, offering turnkey rental operations for an income-focused buyer.

    211 W Railroad Street, Kentland, IN 47951

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    Mixed-Use Property in Kankakee, IL
    $560,000
    0.30 Acres
    Mixed-Use Property in Kankakee, IL

    Mixed-use property in prime location, great investment opportunity.

    242 W Jeffery Street, Kankakee, IL 60901

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    Kankakee Two-Unit Multifamily Property
    $190,000
    Kankakee Two-Unit Multifamily Property

    Well-maintained two-unit property in Kankakee, Illinois.

    357 S ROSEWOOD Avenue, Kankakee, IL 60901

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    Income-Producing Triplex Investment Opportunity
    $375,000
    Income-Producing Triplex Investment Opportunity

    Well-maintained, fully occupied triplex in high-demand rental market.

    211 W Railroad Street, Kentland, IN 47951

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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.

    Clifton, IL Land For Sale
    $75,000
    0.71 Acres
    Clifton, IL Land For Sale

    Approximately 0.71 acre lot in Clifton, Illinois.

    175 E 3rd Avenue, Clifton, IL 60927

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    Wooded Lot Near Kankakee River
    $30,000
    1.86 Acres
    Wooded Lot Near Kankakee River

    1.86-acre wooded lot near Kankakee River in St. Anne.

    St Anne, IL 60964

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    Residential Lot in Kankakee, IL
    Contact for pricing
    Residential Lot in Kankakee, IL

    Vacant residential lot suitable for building a home or investment property.

    215 N Rosewood Avenue, Kankakee, IL 60901

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    Heavily Wooded Land Parcel
    $134,995
    4.50 Acres
    Heavily Wooded Land Parcel

    4.5 acres of wooded land near wildlife areas.

    Vacant Land Us Highway 41, Lake Village, IN 46349

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    Watseka, IL Residential Income Properties Market Trends and Statistics

    Explore 1 residential income properties for sale in Watseka, IL on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $2,000,000.

    Sale prices for residential income properties in Watseka, IL start at $2,000,000, averaging $2,000,000, and reaching up to $2,000,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Apartment buildings 1
    Multifamily properties 1

    Demographics Overview

    Population 5,965
    Population Growth (5Y) -14.2%
    Median Household Income $48,456
    College Educated 16.1%

    High-Yield Neighborhoods for Investment

    Identify Watseka submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    60970 $2M

    Taxes & Financing

    Tax Rate (average for all types) 10.23%
    Tax Rate vs County Average 1.35 pp above county avg
    Average Loan-to-Value 65.0%

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