400 N Main Street, Princeton, IL 61356
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 future expansion potential, this property is ideally positioned for both stable cash flow and long-term appreciation....
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Home facts
- Year built:1947
- Listing ID #:12646206
- Updated:September 28, 2026 at 08:07 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
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