Price cut: $200,001
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Multi Family 5+ · Cambridge, IL
$1,999,999$2,200,000
— beds · — baths
603 N Prospect Street, Cambridge, IL, 61238
A brick-and-mortar place to make your own — room to make it home.
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What’s special
1.06-acre lot
This listing presents an excellent investment opportunity consisting of two multi-family properties located at 603 N. Prospect Street, Cambridge and 503 10th Avenue, Orion. Together, the properties offer a total of 41 residential units, including 24 studio apartments, ten one-bedroom units, four handicap-accessible one-bedroom units, and two two-bedroom units. Both buildings operate under HUD housing requirements, serving residents who are 62 years of age or older or individuals with qualifying disabilities. The properties are well-maintained and provide key amenities such as a community room and coin-operated laundry facilities, offering comfort and convenience for tenants. With a strong history of occupancy and consistent rental income, these safe and secure buildings represent a turnkey portfolio with significant income potential in the affordable housing sector.
— the listing agent’s description
The home
1.06-acre lot
Multi Family 5+
What it’ll cost
$11,505 taxes / yr
No HOA
Listed $2,200,000
Now $1,999,999
361 days on dwello
Estimated monthly payment
$12,176/mo
Principal & interest$10,634
Property taxes$959
Homeowners insurance$583
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WED
Jun 3
THU
Jun 4
FRI
Jun 5
SAT
Jun 6
11:00 am
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361 days on dwello
Price history
Price reduced
Jan 25, 2026
↓ $200,001$1,999,999
Listed for sale
Jun 16, 2025
$2,200,000
Now $200,001 below the original list price.
Property taxes
2025
Annual tax bill (MLS)
From county records — verify with the assessor.
Features
Vinyl Siding
Schools nearby
Cambridge Community School District · 0.9 mi
This listing didn’t include assigned schools, so these are the closest schools (OpenStreetMap) — not necessarily the attendance-zoned schools. Confirm assignment with the district.
Neighborhood
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Nearby places via OpenStreetMap — approximate; verify what matters to you. Map © Mapbox © OpenStreetMap.
MLS listing data
Listed by Lori Bonarek · Lori Bonarek Realty
Listing last updated Jun 11, 2026 · data refreshed from the MLS Jun 17, 2026, 6:27 PM CT
Based on information submitted to the MLS GRID as of Jun 17, 2026, 6:27 PM CT. Listing data © MRED LLC, distributed by MLS GRID — deemed reliable but not guaranteed; independently verify. Anything shown below this point is not MLS listing data.
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