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400 Main Street

Princeton, IL 61356
Directions
$440,000
5beds
5baths
sqft
Anything from "is it priced right?" to "what's the catch?"

About this home

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.
MLS Description — as provided by the listing brokerage.

The facts

Property typeResidential Income
Year built1947
Age band71-80 Years
Total parking12
Lot dimensions120 x 130
AreaHollowayville / Princeton
Bedrooms (total)5
Annual tax$2,201.16
First listedMay 12, 2026
Parcel #1609364010
CountyBureau
MLS #MRD12646206
Days on market4
Photos39

Special conditions

None

Features

Heating
Natural GasForced Air
Parking
Parking LotYes
Construction
Vinyl Siding
Sewer
Public Sewer
Listed by
Landmark Realty of Illinois LLC
Janelle McCarter · 815-252-7283

Listing courtesy of mred MLS as distributed by MLS GRID.

Based on information submitted to the MLS GRID as of 5/15/2026, 8:55:03 AM. All data should be independently verified.

$440,000
5 bd · 5 ba
You + your agent

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