551-564 North Clarence Avenue

Watseka, IL 60970

$2,000,000
Price
66
Beds
54
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

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...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.
  1. Listed by Jay Tamblyn • McColly Bennett Real Estate
  2. Listed by Sandra Boyer • McColly Rosenboom - W

Property Details for 551-564 North Clarence Avenue

Area
Watseka
Num Of Parking Spaces
60.0
Zoning
MULTI

Location

Listing Courtesy of McColly Bennett Real Estate; McColly Rosenboom - W
Add your commute
LISTING UPDATED: 05/01/2023 02:04 PM

Property Details for 551-564 North Clarence Avenue

StatusContingent
MLS #11093257
Days on Market968
Taxes$27,600 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Multi Family 5+-Garden Complex
Year Built1990
Lot Size4.94 AC / 215,186 SF
CountyIroquois County

Location

Listing Courtesy of McColly Bennett Real Estate; McColly Rosenboom - W
Add your commute

Building Information for 551-564 North Clarence Avenue

Stories-Residences54Year Built1990Building Size-Lot Size4.94 AC / 215,186 SF

Payment Calculator

$13,215 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,915

Property Taxes

$2,300

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 551-564 North Clarence Avenue

General Information
Addtl Parking Information
  • Outdoor Parking: 51-100 Spaces
Location and General Information
  • Frontage Type: City Street, Public Road, Paved
  • Information: None
Taxes and HOA Information
  • Additional Parcels: Yes
Property Information
Interior Features
  • Air Conditioning: Wall Sleeve
  • Basement Description: None
  • Heat/Ventilation: Electric
  • # Of Refrigerators: 54
  • Misc Inside: Common Meeting Room/s,Handicapped Access,Laundry Room
  • Num of Baths: 54.0
Exterior Features
  • Building Unit Info: Handicap Equipped,No Units Furnished,Restriction-Occupancy
  • Misc Outside: Handicapped Access,Security Lighting,Storms and Screens (as exist)
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Air Conditioning, Electricity, Heat
  • Built Before 1978: No
  • Approximate Age: 36-50 Years
  • Multi-Family Type: Garden Complex,Senior
  • Lot Dimensions: 4.94 AC
  • Stories: 1
  • Construction: Wood Frame
  • Roof Type: Composition
  • Foundation Details: Concrete Perimeter
  • Lot Size Source: Other
  • # Of Ranges: 54
  • Conversion: N
Property and Assessments
  • Possible Use: Multi-Family, Elderly Housing, Single Room Occupancy
  • Buyer Financing: Negotiable
  • Documents Available: Aerial Map,Rent Roll,Leases,Tax Bill,Operating Statement
  • Public Document Count: 0
  • Photos Count: 17
  • Deconversion: N
Miscellaneous
  • Current Use: Multi-Family, Elderly Housing
  • Land Amenities: Lighting/Exterior,Sidewalks
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 54
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $.00
  • Gross Income: $.00
  • Gross Scheduled Income: $.00
  • Insurance Expense: $.00
  • Maintenance Expense: $.00
  • Manager Expense: $.00
  • Known Encumbrances: First Mortgage
  • Expense Year: 2020
  • Janitor Expense: 0
  • Net Operating Income Year: 2020
  • Total Monthly Income: 0
  • Net Operating Income: $.00
  • Operating Expense: $.00
  • Other Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 42
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 12
Unit 3
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 0
Unit 4
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 551-564 North Clarence Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 551-564 North Clarence Avenue

This home is within Iroquois County Community Unit School District 9.
Rating
School
Type
Grades
Distance
Public - PK to 1
Public - PK to 12
Public - 2 to 4
Public - 5 to 8
Rating
School
Distance
Nettie Davis Elementary School
PublicPK to 1

Watseka Community High School
PublicPK to 12

Wanda Kendall Elementary School
Public2 to 4

Glenn Raymond Middle School
Public5 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of McColly Bennett Real Estate; McColly Rosenboom - W

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.