400 N Main Street, Princeton, IL 61356
Local realty services provided by:Better Homes and Gardens Real Estate Star Homes
400 N Main Street,Princeton, IL 61356
$420,000
- 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:$420,000
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:August 13, 2026 at 11:09 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:$420,000
- Tax amount:$2,201 (2024)
Parking
- Total parking spaces:12
- Parking description:Parking Lot
New listings near 400 N Main Street
- New
$279,000Active3 beds 2 baths2,686 sq. ft.727 S Euclid Avenue, Princeton, IL 61356
MLS# 12726819Listed by: LANDMARK REALTY OF ILLINOIS LLC
$265,000Pending3 beds 3 baths1,567 sq. ft.701 W Clark Street, Princeton, IL 61356
MLS# 12727848Listed by: MEL FOSTER CO. GENESEO- New
$74,900Active3 beds 2 baths1,120 sq. ft.3025 Arlington Drive, Princeton, IL 61356
MLS# 12714065Listed by: COLDWELL BANKER TODAY'S - New
$407,000Active4 beds 4 baths2,350 sq. ft.610 Timber Ridge Road, Princeton, IL 61356
MLS# 12725072Listed by: COLDWELL BANKER TODAY'S
$189,000Pending3 beds 3 baths1,676 sq. ft.1015 W Marquette Street, Princeton, IL 61356
MLS# 12722149Listed by: LANDMARK REALTY OF ILLINOIS LLC- New
$599,900Active3 beds 3 baths3,041 sq. ft.1910 Hickory Lane, Princeton, IL 61356
MLS# 12666132Listed by: LANDMARK REALTY OF ILLINOIS LLC
$310,000Active3 beds 2 baths1,248 sq. ft.919 Backbone Road, Princeton, IL 61356
MLS# 12716587Listed by: LANDMARK REALTY OF ILLINOIS LLC
$105,900Pending2 beds 2 baths1,120 sq. ft.22 S Plum Street, Princeton, IL 61356
MLS# 12720545Listed by: DAHL REAL ESTATE
$625,000Pending5 beds 4 baths4,527 sq. ft.19018 1900 North Avenue, Princeton, IL 61356
MLS# 12716790Listed by: COLDWELL BANKER REAL ESTATE GROUP
$148,000Active2 beds 2 baths1,100 sq. ft.447 N Euclid Avenue, Princeton, IL 61356
MLS# 12715669Listed by: LANDMARK REALTY OF ILLINOIS LLC