There are multiple listings for this address:
MLS #MRD12470751 image #0MLS #MRD12470751 image #1MLS #MRD12470751 image #2MLS #MRD12470751 image #3MLS #MRD12470751 image #4MLS #MRD12470751 image #5MLS #MRD12470751 image #6MLS #MRD12470751 image #7MLS #MRD12470751 image #8MLS #MRD12470751 image #9MLS #MRD12470751 image #10MLS #MRD12470751 image #11MLS #MRD12470751 image #12MLS #MRD12470751 image #13MLS #MRD12470751 image #14MLS #MRD12470751 image #15MLS #MRD12470751 image #16MLS #MRD12470751 image #17MLS #MRD12470751 image #18MLS #MRD12470751 image #19MLS #MRD12470751 image #20MLS #MRD12470751 image #21MLS #MRD12470751 image #22MLS #MRD12470751 image #23MLS #MRD12470751 image #24MLS #MRD12470751 image #25MLS #MRD12470751 image #26MLS #MRD12470751 image #27MLS #MRD12470751 image #28MLS #MRD12470751 image #29MLS #MRD12470751 image #30MLS #MRD12470751 image #31MLS #MRD12470751 image #32MLS #MRD12470751 image #33MLS #MRD12470751 image #34MLS #MRD12470751 image #35MLS #MRD12470751 image #36MLS #MRD12470751 image #37MLS #MRD12470751 image #38
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.

Property Details

Price:
$440,000
MLS #:
MRD12470751
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Neighborhood:
hollowayvilleprinceton
Listed Date:
Mar 30, 2026
Lot Size:
15,600 sqft / 0.36 acres (approx)
Year Built:
1947
Hollowayville / PrincetonHollowayvilleprinceton

Schools

School District:
500

Interior

Heating
Natural Gas, Forced Air

Exterior

Construction Materials
Vinyl Siding
Parking Features
Parking Lot, Yes
Parking Spots
12
Parking Total
12

Financial

Net Operating Income
$69,205
Tax Year
2024
Taxes
$2,201

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broker reciprocity
MLS# MRD12287803broker reciprocity
777 S Main Street #ALL
Princeton, IL

$349,000

0.8 miles away

400 N Main Street
Princeton, IL
MLS #MRD12646206 image #0MLS #MRD12646206 image #1MLS #MRD12646206 image #2MLS #MRD12646206 image #3MLS #MRD12646206 image #4MLS #MRD12646206 image #5MLS #MRD12646206 image #6MLS #MRD12646206 image #7MLS #MRD12646206 image #8MLS #MRD12646206 image #9MLS #MRD12646206 image #10MLS #MRD12646206 image #11MLS #MRD12646206 image #12MLS #MRD12646206 image #13MLS #MRD12646206 image #14MLS #MRD12646206 image #15MLS #MRD12646206 image #16MLS #MRD12646206 image #17MLS #MRD12646206 image #18MLS #MRD12646206 image #19MLS #MRD12646206 image #20MLS #MRD12646206 image #21MLS #MRD12646206 image #22MLS #MRD12646206 image #23MLS #MRD12646206 image #24MLS #MRD12646206 image #25MLS #MRD12646206 image #26MLS #MRD12646206 image #27MLS #MRD12646206 image #28MLS #MRD12646206 image #29MLS #MRD12646206 image #30MLS #MRD12646206 image #31MLS #MRD12646206 image #32MLS #MRD12646206 image #33MLS #MRD12646206 image #34MLS #MRD12646206 image #35MLS #MRD12646206 image #36MLS #MRD12646206 image #37MLS #MRD12646206 image #38
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.

Property Details

Price:
$440,000
MLS #:
MRD12646206
Status:
Active
Beds:
5
Baths:
5
Type:
Multi Family
Neighborhood:
hollowayvilleprinceton
Listed Date:
May 12, 2026
Year Built:
1947
Hollowayville / PrincetonHollowayvilleprinceton

Schools

School District:
500

Interior

Heating
Natural Gas, Forced Air

Exterior

Construction Materials
Vinyl Siding
Parking Features
Parking Lot, Yes
Parking Spots
12
Parking Total
12

Financial

Net Operating Income
$69,205
Tax Year
2024
Taxes
$2,201

Contact Us

Send
  

Mortgage Calculator

 

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Mike Gonet was born, raised, and raised his family in the Putnam County Area. He has successfully run a family-owned real estate business for over 40 years with Gonet Real Estate & Land Co. He has extensive experience (and thoroughly enjoys) selling vacant land, farm ground, and commercial properties. When Mike has free time, he enjoys spending it with his 4 adult children and many grandkids by watching baseball and college basketball and playing golf. His experience and expertise in real estat…

More About Michael

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