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Price cut: $20,000
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Two to Four Units · Princeton, IL
$420,000$440,000
5 beds · 5 baths
400 N Main Street, Princeton, IL, 61356
A brick-and-mortar place to make your own — room to make it home.
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What’s special

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.
— the listing agent’s description

The home

5 beds
5 baths
Built in 1947
Lot 120 x 130
Two to Four Units

What it’ll cost

$2,201 taxes / yr
No HOA
Listed $440,000
Now $420,000
62 days on dwello

Estimated monthly payment

$2,539/mo
Principal & interest$2,233
Property taxes$183
Homeowners insurance$123
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Tour this home

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WED
Jun 3
THU
Jun 4
FRI
Jun 5
SAT
Jun 6
11:00 am
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62 days on dwello
Price history
Price reduced
Jul 12, 2026
↓ $20,000$420,000
Listed for sale
May 13, 2026
$440,000
Earlier records
Listed
Mar 31, 2026
$420,000
Now $20,000 below the original list price.
Property taxes
2025
Annual tax bill (MLS)
$2,201/yr
From county records — verify with the assessor.

Features

Natural GasForced AirVinyl SidingPublic SewerParking LotYes
Neighborhood
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MLS listing dataMRED
Listed by Janelle McCarter · Landmark Realty of Illinois LLC
Listing last updated Jul 12, 2026 · data refreshed from the MLS Jul 12, 2026, 5:25 AM CT
Based on information submitted to the MLS GRID as of Jul 12, 2026, 5:25 AM 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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