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Jorel Kilcullen

jorelkilcullen@gmail.com +1(815) 790-4276

$2,000,000

Est. payment - /mo

4.94 Acres Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID 11093257

Year Built 1990

Annual Tax Amount $20,731

Tax Year 2025

Lot Size 4.940 Acres

Lot Dimensions 4.94 AC

Property Sub-Type Multi Family 5+

Property 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.

Location

State IL

County Iroquois

Area Watseka

Zoning MULTI

Rooms

Basement None

Interior

Cooling Wall Sleeve

Fireplace N

Exterior

Roof Type Composition

Building

Dwelling Type Multi Family 5+

Structure Type Wood

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Listed by Buck Tamblyn of McColly Bennett Real Estate

Nearby School & Business

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Jorel Kilcullen

+1(815) 790-4276

Broker | License ID: 478.026444

Broker License ID: 478.026444

551-564 N Clarence AVE Watseka, IL 60970

Jorel Kilcullen

Key Details

Location

Rooms

Interior

Exterior

Building

Nearby School & Business

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