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551-564 N Clarence Avenue

Watseka, IL 60970

551-564 N Clarence Avenue, Watseka, IL 60970 — exterior front view
551-564 N Clarence Avenue, Watseka, IL 60970 — exterior view
551-564 N Clarence Avenue, Watseka, IL 60970 — exterior view

551-564 N Clarence Avenue

Watseka, IL

$2,000,000

ActiveMLS #MRD11093257

551-564 N Clarence Avenue

Watseka, IL 60970

$2,000,000

List Price

Studio

Layout

About This Property

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 a...

Property Details

Key Facts

Overview
Property TypeCommercial Sale
BedroomsStudio
Days on Market1849
Building
StyleOther
Year Built1990
Lot Size4.94 Acres
CountyIroquois
CoolingWall Sleeve
BasementNone
ExteriorWood
FoundationConcrete Perimeter
RoofComposition
Lot Size4.94 Acres
Lot Dimensions4.94 AC
MLS #MRD11093257
Days on Market1849
List DateMay 19, 2021
StatusActive
Annual Taxes$20,731
Listing Courtesy OfMcColly Bennett Real Estate

Listed for sale

MLS #MRD11093257

$2,000,000

May 19, 2021

Mortgage Estimate

$11,841

/month
Principal & Interest
$10,113
Property Taxes
$1,728
20% · $400,000
6.5%

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551-564 N Clarence Avenue, Watseka, IL 60970

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Listing data is provided in part by Midwest Real Estate Data LLC (MRED). Information is deemed reliable but not guaranteed accurate and should be independently verified. Properties may be listed by brokerages other than Abode Real Estate. © 2026 Midwest Real Estate Data LLC. All rights reserved.

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