400 N Main St, Princeton, IL 61356

Beds
5
Baths
5

Sign in to view any offers or make an offer. View property features, location on map, relevant school information and overview from seller's agent.

Listed byLandmark Realty of Illinois LLC
  • 0
  • 0

Overview

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.

Location

Full feature list

Basic info

Property type
Other residential
Number of bedrooms
5
Number of bathrooms
5
Lot size (acres)
0.36
Year built
1947

Exterior features

Horse amenities
Stable

Utilities

Heating
Forced Air, Natural Gas
Sewer
Public Sewer
Water
Public Water

Taxes

Tax Annual Amount (2024)
$2,201.16

Public schools

Loading

Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: Midwest Real Estate Data (MRED) MLS®#: 12646206 Last checked:

Based on information submitted to the MLS GRID as of . 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.