400 N Main Street, Princeton, IL 61356

Princeton
Local realty services provided by:ERA Partners
400 N Main Street,Princeton, IL 61356
$420,000
  • 5 Beds
  • 5 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: janelle mccarter, makayla thompson
Office: landmark realty of illinois llc.
MLS#:12646206
Source:MLSNI

Price summary

  • Price:$420,000

About this home

This well-maintained 12-unit mixed-use property presents a compelling opportunity for investors seeking immediate cash flow with additional upside potential. The asset is comprised of three residential units (two spacious two-bedroom apartments and one efficiently designed studio), alongside nine commercial spaces fronts that provide diversified income streams. Over the past several years, the building has undergone significant renovations, resulting in a turnkey investment requiring no immediate capital improvements. All units are in strong condition, allowing a new owner to step in and begin generating revenue from day one. In addition to its current income, the property features a partially finished lower level, offering clear value-add potential. Investors may explore opportunities to further develop this space into additional residential or commercial units, subject to local zoning and approvals, thereby increasing overall returns. With a balanced unit mix, recent upgrades, and...

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Home facts

  • Year built:1947
  • Listing ID #:12646206
  • Updated:November 13, 2026 at 12:59 PM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:5
  • Full bathrooms:3
  • Half bathrooms:2
  • Rooms Total:19
  • Basement Description:Full, Unfinished

Heating and cooling

  • Heating:Forced Air, Natural Gas

Structure and exterior

  • Year built:1947

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$420,000
  • Tax amount:$2,898 (2025)

Parking

  • Total parking spaces:12
  • Parking description:Parking Lot
MLS LogoCopyright 2026 Midwest Real Estate Data LLC. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Midwest Real Estate Data LLC. Listing information is deemed reliable but not guaranteed. MLSNI Member Broker: Frank Scibior

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