$2,000,000
( )
$10,736 est/mo Sourced by Back At You551-564 N Clarence Avenue,Watseka, IL 60970
Watseka, IL 60970
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 to liquidate their Illinois assets. Financials available to qualified buyers.
Details
| MLS # | 11093257 |
|---|---|
| Listing Type | For Sale |
| Style | Multi Family 5+ |
| Sub-Type | Resale |
| Status | Active Under Contract |
| Year | 1990 |
| Days On Site | 1941 |
| Listing Provided By | McColly Bennett Real Estate | Buck Tamblyn |
Features
| Story(s) | 1 |
|---|---|
| Units | 54 |
| Zoning | MULTI |
| Acreage | 4.94 |
Interior
| Cooling | Wall Sleeve |
|---|
Exterior
| Roof | Composition |
|---|---|
| Foundation Details | Concrete Perimeter |
| Construction Materials | Wood |
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Annual Amount | 20731.48 |
Area Information
| State | IL |
|---|---|
| County | Iroquois |
| City | Watseka |
| Zip Code | 60970 |
| Area | Watseka |
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Learn More About This Property
| State | IL |
|---|---|
| County | Iroquois |
| City | Watseka |
| Zip Code | 60970 |
| Area | Watseka |
Nearby Listings (Within 1/2 mile)
Price: $1.5M - $2.5M
sqft: 0 - 0
Listing Updated: July 9, 2026 at 12:14:30 PM PDT