551-564 N Clarence Avenue, Watseka, IL 60970

$2,000,000

  • Open House
  • New Listing
  • Price Reduced
  • Sold
  • Leased
-1 More Schedule
  • 0 BedroomBeds
  • 0 BathroomBaths
  • Sqft
  • 0Acres
  • Commercial SaleType
  • Active Under ContractStatus
  • 11093257MLS#
-1 More Schedule

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Property Description 551-564 N Clarence Avenue, Watseka, IL, 60970

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.



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Property Details 551-564 N Clarence Avenue, Watseka, IL, 60970

  • On Market Date: 05/19/2021
  • Year Built: 1990
  • MLS#: 11093257
  • Type: Commercial Sale
  • Status: Active Under Contract
  • Price: $2,000,000
  • City: Watseka
  • State: IL
  • Zip: 60970
  • County: Iroquois
  • Acreage: 4
  • Development: NO
  • Date Last Updated: 04/26/2026
  • Property tax: $27,600
  • Basement: NO
  • Pool: NO
  • Cooling: Wall Sleeve

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