Listing provided courtesy of Landmark Realty of Illinois LLCMREDas Distributed by MLSGrid- MLS# 12646206
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Request Info400 N Main StreetPrinceton, IL 61356
Multi-Family · 5 Beds$440,000
Active
400 N Main Street Overview
- Time on Site:
- 47 days
- Visits:
- 4
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.
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400 N Main Street Facts & Features
- Type Multi-Family
Details
General
School Information
- School District: 500
Income/Expenses
- Gross Income: 83400
- Net Operating Income: 69205
Building Information
- New Construction: No
- Year Built: 1947
Location/Region
- County Or Parish: Bureau
- MLS Area Major: Hollowayville / Princeton
- Township: Princeton
Tax Information
- Tax Annual Amount: $2,201.16
- Tax Year: 2024
General Information
- Ownership: Fee Simple
- Parcel Number: 1609364010
- Property Type: Residential Income
- Special Listing Conditions: None
Interior
Parking Information
- Half Baths Building: 2
Beds/Baths
- Bathrooms Total: 5
- Bedrooms Total: 5
- Bedrooms Possible: 5
- Full Baths Building: 3
General Information
- Basement: Unfinished, Full
- Heating: Natural Gas, Forced Air
- Rooms Total: 19
Exterior
Parking Information
- Parking Features: Parking Lot, Yes
- Parking Total: 12
Lot Information
- Lot Size Dimensions: 120 x 130
- Water Source: Public
Waterfront/View
- Waterfront: No
Building Exterior/Construction
- Construction Materials: Vinyl Siding
General Information
- Sewer: Public Sewer
Unit Information
Unit 1 Details
- Unit Type: Unit 1
- Actual Rent: 650
- Beds Total: 1
- Baths Total: 1
Unit 2 Details
- Unit Type: Unit 2
- Actual Rent: 800
- Beds Total: 2
- Baths Total: 1
Unit 3 Details
- Unit Type: Unit 3
- Actual Rent: 850
- Beds Total: 2
- Baths Total: 1
400 N Main Street Neighborhood
Community
61356 (Princeton) Demographics
48
Median Age
59
Population Density (per sq. mile)
40%
College Educated
$54,959
Estimated Median Income
3,361
Estimated Total Home Owners
1,260
Estimated Total Renters
73% / 27%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.400 N Main Street Monthly Cost
400 N Main Street Market Data
Based on the last 30 days in this zip code
$256,067
Average List Price
$141
Average Price per Square Foot
12
Properties Sold
73
Average Days on Market
37
Properties for Sale
400 N Main Street History
| Date | Value | Agent |
|---|---|---|
| 5/18/2026Source: MRED | Active |
|
| 5/13/2026Source: MRED | May 13, 2026 |
|
| 4/5/2026Source: MRED | Active |
|
| 3/31/2026Source: MRED | March 31, 2026 |