400 N Main Street, Princeton, IL 61356
Local realty services provided by:Better Homes and Gardens Real Estate Connections
400 N Main Street,Princeton, IL 61356
$440,000
- 5 Beds
- 5 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: janelle mccarter, makayla thompson
Office: landmark realty of illinois llc.
MLS#:12646206
Source:MLSNI
Price summary
- Price:$440,000
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....
Contact an agent
Home facts
- Year built:1947
- Listing ID #:12646206
- Updated:May 14, 2026 at 10:56 AM
Rooms and interior
- Bedrooms:5
- Total bathrooms:5
- Full bathrooms:3
- Half bathrooms:2
- Rooms Total:19
- Basement Description:Full, Unfinished
Heating and cooling
- Heating:Forced Air, Natural Gas
Structure and exterior
- Year built:1947
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$440,000
- Tax amount:$2,201 (2024)
Parking
- Total parking spaces:12
- Parking description:Parking Lot
New listings near 400 N Main Street
- New
$315,000Active3 beds 3 baths2,240 sq. ft.419 N Euclid Avenue, Princeton, IL 61356
MLS# 12426844Listed by: LANDMARK REALTY OF ILLINOIS LLC - New
$475,500Active2 beds 2 baths1,730 sq. ft.207 Justice Lane, Princeton, IL 61356
MLS# 12631470Listed by: LANDMARK REALTY OF ILLINOIS LLC
$30,000Pending2 beds 2 baths2136 Hillview Drive, Princeton, IL 61356
MLS# 12640686Listed by: LANDMARK REALTY OF ILLINOIS LLC- New
$745,200Active-- beds -- baths19340 1950 East Street, Princeton, IL 61356
MLS# 12635440Listed by: LANDGUYS LLC OF ILLINOIS
$169,500Pending3 beds 3 baths1,210 sq. ft.454 E Lincoln Street, Princeton, IL 61356
MLS# 12600114Listed by: SUCCESS REALTY PROPERTY MANAGEMENT, LLC
$225,000Active3 beds 2 baths1,655 sq. ft.225 W Central Avenue, Princeton, IL 61356
MLS# 12616278Listed by: LANDMARK REALTY OF ILLINOIS LLC
$215,000Pending3 beds 2 baths1,800 sq. ft.432 E Crown Street, Princeton, IL 61356
MLS# 12558365Listed by: LANDMARK REALTY OF ILLINOIS LLC
$187,500Pending2 beds 2 baths1,363 sq. ft.307 W Hudson Street, Princeton, IL 61356
MLS# 12624945Listed by: SUCCESS REALTY PROPERTY MANAGEMENT, LLC
$310,000Pending3 beds 3 baths2,304 sq. ft.16460 2400 East Street, Princeton, IL 61356
MLS# 12570102Listed by: LANDMARK REALTY OF ILLINOIS LLC