603 N Prospect Street — Cambridge, IL 61238
Active
▼ $200,001
Cambridge, IL 61238

603 N Prospect Street

$1,999,999
0 beds · 0 baths
$200,001 below original 315 days on market $11,505/yr taxes
01About this home

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.

02Inside the home
03By the numbers
$1,999,999
List price
Square feet
Bedrooms
Bathrooms
Year built
1.06 ac
Lot size
Garage spaces
$11,505
Annual taxes
Multi Family 5+
Style
315
Days on market
04Features
Construction
Vinyl Siding
05Neighborhood
  • Nothing surfaced nearby in our maps data.
  • Nothing surfaced nearby in our maps data.
  • College Square Park 0.4 mi
  • Hand Park 0.5 mi
  • Nothing surfaced nearby in our maps data.
POI data via Mapbox · OpenStreetMap contributors
06History

Every event we have for this address, straight from the MLS.

Jan 25, 2026
Price reducedThis listing
Lori Bonarek Realty
$1,999,999
−$200,001
Jun 16, 2025
Listed for saleThis listing
Lori Bonarek Realty
$2,200,000
Sourced from MRED. Older events appear here as our history backfill completes.
07Ask Dwello

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08See it for yourself

Stand in the kitchen.
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Listed by Lori Bonarek Realty · Lori Bonarek · 815-325-4760
MLS data provided through MLS GRID · MRED MLS · MLS# MRD12393172
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