Courtesy: Landmark Realty of Illinois LLC
815-875-1221
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.
Princeton is located in Illinois. Princeton, Illinois has a population of 7,750. Princeton is less family-centric than the surrounding county with 25.52% of the households containing married families with children. The county average for households married with children is 27.98%.
The median household income in Princeton, Illinois is $53,492. The median household income for the surrounding county is $59,407 compared to the national median of $69,021. The median age of people living in Princeton is 48.7 years.
The average high temperature in July is 85.1 degrees, with an average low temperature in January of 14.1 degrees. The average rainfall is approximately 37.4 inches per year, with 24.9 inches of snow per year.
