O'Neil Property Group

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$420,000
177 Days On Site

400 N Main Street
Princeton, IL 61356

For Sale|Multi Family|Active
5
Beds
5
Total Baths
1947
Built
County:
Bureau
Listing Courtesy of MRED as distributed by MLS Grid of Landmark Realty of Illinois LLC
400 N Main Street400 N Main Street400 N Main Street400 N Main Street
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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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Listing Snapshot
PriceΒ 
$420,000
Days On SiteΒ 
177 Days
BedroomsΒ 
5
Inside Area (SqFt)Β 
N/A
Total BathsΒ 
5
Full BathsΒ 
N/A
Partial BathsΒ 
N/A
Lot SizeΒ 
N/A
Year BuiltΒ 
1947
MLS NumberΒ 
12646206
StatusΒ 
Active
Property TaxΒ 
$2,898.18
HOA/Condo/Coop FeesΒ 
N/A
Sq Ft SourceΒ 
N/A
Friends & Family
Recent Activity
2 months agoListing updated with changes from the MLS
4 months agoStatus changed to Active
4 months agoPrice changed to $420,000
6 months agoListing first seen on site
General Features
ParkingΒ 
Parking Lot
Parking SpacesΒ 
12
Property Sub TypeΒ 
Multi Family
SewerΒ 
Public Sewer
Water SourceΒ 
Public
Interior Features
BasementΒ 
UnfinishedFull
HeatingΒ 
Natural GasForced Air
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Exterior Features
Construction DetailsΒ 
Vinyl Siding
Community Features
MLS AreaΒ 
Hollowayville / Princeton
School DistrictΒ 
500
TownshipΒ 
Princeton
Schools
School District
500
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing Courtesy of MRED as distributed by MLS Grid of Landmark Realty of Illinois LLC



Based on information submitted to the MLS GRID as of 2026-11-07 05:40 PM 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: 2026-11-07 05:40 PM UTC
MRED DMCA Copyright Information Copyright Β© 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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