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...

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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
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