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603 N Prospect Street, Cambridge, IL

$1,999,999

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1.06

Acres

About 603 N Prospect Street

This listing presents an excellent investment opportunity consisting of two multi-family properties located at 603 N. Prospect Street, Cambridge and 509 10th Avenue, Orion. Together, 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 key amenities such as a community room and coin-operated laundry facilities, offering comfort and convenience for tenants. With a strong history of occupancy and consistent rental income, these safe and secure buildings represent a turnkey portfolio with significant income potential in the affordable housing sector.

Features of 603 N Prospect Street

MLS® # 12393172
Price $1,999,999
Bathrooms 0.00
Acres 1.06
Type Commercial Sale
Sub-Type Multi Family 5+
Status Active

Community Information

Address 603 N Prospect Street
Area Out of Area West
City Cambridge
County Henry
State IL
Zip Code 61238

Amenities

Is Waterfront No
Has Pool No

Interior

Fireplace No
Has Basement No

Exterior

Exterior Vinyl Siding
Roof Composition

Additional Information

Days on Market 423
Zoning MULTI
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeLori Bonarek Realty

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Listing information last updated on September 23rd, 2026 at 1:52am CDT.