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Fieldcrest Villages (2 Locations) 509 10th Ave. 40 Unit Apartment Building $2,739,419 CAD ($68,485 CAD/Unit) Cambridge, IL 61238
Executive Summary
**BUYERS BROKERS!! Tour both properties with the seller October 23rd, 9:00am. We will meet at 503 10th Ave, Orion. Contact listing agents to confirm your attendance.** This listing presents an excellent investment opportunity consisting of two multi-family properties located at 603 N. Prospect Street, Cambridge and 503 10th Avenue, Orion. Together, the properties offer a total of 40 residential units, including 24 studio apartments, ten one-bedroom units, four handicap-accessible one-bedroom units, and two two-bedroom units. Both buildings operate under HUD housing requirements, serving residents who are 62 years of age or older or individuals with qualifying disabilities. The properties are well-maintained and provide key amenities such as a community room and coin-operated laundry facilities, offering comfort and convenience for tenants. With a strong history of occupancy and consistent rental income, these safe and secure buildings represent a turnkey portfolio with significant income potential in the affordable housing sector.
Property Facts
| Price | $2,739,419 CAD | Building Class | C |
| Price Per Unit | $68,485 CAD | Lot Size | 1.06 AC |
| Sale Type | Investment | Building Size | 16,250 SF |
| No. Units | 40 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1993 |
| Property Subtype | Apartment | Parking Ratio | 1.23/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | mf | ||
| Price | $2,739,419 CAD |
| Price Per Unit | $68,485 CAD |
| Sale Type | Investment |
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.06 AC |
| Building Size | 16,250 SF |
| No. Stories | 1 |
| Year Built | 1993 |
| Parking Ratio | 1.23/1,000 SF |
| Zoning | mf |
Amenities
Site Amenities
- Laundry Facilities
- Wheelchair Accessible
- Multi Use Room
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | - | - |
| 2+1 | 10 | - | - |
1 1
Somewhat walkable
20/100
Very drivable
80/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $338,700 CAD | |
| Land Assessment | $28,305 CAD | Total Assessment | $367,006 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$28,305 CAD
Improvements Assessment
$338,700 CAD
Total Assessment
$367,006 CAD
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Fieldcrest Villages (2 Locations) | 509 10th Ave.
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