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$2,000,000
1999 Days On Site
551-564 N Clarence AvenueWatseka, IL 60970
For Sale|Multi Family|Active Under Contract
0
Beds
0
Total Baths
1990
Built
County:
Iroquois
Listing Courtesy of MRED as distributed by MLS Grid of McColly Bennett Real Estate
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GILMAN/WATSEKA - FOR SALE - 54 TOTAL UNITS - SUBSIDIZED SENIOR HOUSING - All 2 unit buildings (27 total buildings plus 1 office/recreational building) 42 units in Watseka, 12 units in Gilman. Currently tied into Rural Development/USDA loans and subsidized via USDA/RD/HUD. Any and all buyer must be qualified to acquire USDA/RD properties to continue with the subsidy structured payments. 48 - one bedroom units and 6 two bedroom units. Properties are in "Good" condition. Out of state owners are looking to liquidate their Illinois assets. Financials available to qualified buyers.
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Listing Snapshot
Price
$2,000,000
Days On Site
1999 Days
Bedrooms
N/A
Inside Area (SqFt)
N/A
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
4.94 Acres
Year Built
1990
MLS Number
11093257
Status
Active Under Contract
Property Tax
$20,731.48
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
Recent Activity
| a month ago | Listing updated with changes from the MLS | |
| 5 years ago | Status changed to Active Under Contract | |
| 5 years ago | Listing first seen on site |
General Features
Acres
4.94
Additional Property Use
Multi-Family
Foundation
Concrete Perimeter
Property Sub Type
Multi Family
Zoning
MULTI
Interior Features
Basement
None
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Exterior Features
Roof
Composition
Community Features
MLS Area
Watseka
Listing Courtesy of MRED as distributed by MLS Grid of McColly Bennett Real Estate
Based on information submitted to the MLS GRID as of 2026-11-09 07:48 AM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last checked: 2026-11-09 07:48 AM UTC
MRED DMCA Copyright Information Copyright © 2026 Midwest Real Estate Data LLC. All rights reserved.
Based on information submitted to the MLS GRID as of 2026-11-09 07:48 AM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last checked: 2026-11-09 07:48 AM UTC
MRED DMCA Copyright Information Copyright © 2026 Midwest Real Estate Data LLC. All rights reserved.
Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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