Date
Details
Price
Change
Source
5/19/2021
Listed
$2,000,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/17
$2,000,000 Contingent
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1/17
Property Description
GILMAN/WATSEKA - FOR SALE - 54 TOTAL UNITS - SUBSIDIZED SENIOR HOUSING - All 2 unit buildings (27 total buildings plus 1 office/recreational building) 42 units in Watseka, 12 units in Gilman. Currently tied into Rural Development/USDA loans and subsidized via USDA/RD/HUD. Any and all buyer must be qualified to acquire USDA/RD properties to continue with the subsidy structured payments. 48 - one bedroom units and 6 two bedroom units. Properties are in "Good" condition. Out of state owners are looking to liquidate their Illinois assets. Financials available to qualified buyers.
Full Property Details
Full Property Details for 551-564 N Clarence Ave
General
- Price: $2,000,000
- Taxes: $27,600 (2020)
- Status: Contingent
- Type: Commercial
- Source: MRED
- MLS ID: 11093257
- Updated: 2/24/2025
- Added to Site: 1, 454 day(s) ago
Interior
- Interior Features: Common Meeting Room(s), Accessible Entrance, Laundry Room
Parking
- Parking Features: 51 to 100 Spaces
Location
- Area: Watseka
- County: Iroquois
- Driving Directions: US 45 / 52 S to IL 49 to Main St. to W. Walnut to N Eighth to E Elm to N. Clarence.
Heating & Cooling
- Cooling Type: Wall Sleeve
- Heating Type: Electric
Structural Information
- Construction: Frame
- Foundation: Concrete Perimeter
- Roof: Composition
- Stories/Levels: 1
- Current Bldg. Use: Multi-Family, Elderly Housing
- Year Built: 1990
Unit Information
- Units w/Refrigerators: 54
- Units w/Range/Oven: 54
Lot Features
- Lot Size (Acres): 4.94
- Lot Dimensions: 4.94 AC
- Frontage: City Street, Public Road, Paved
- Potential Use: Multi-Family, Elderly Housing, Single Room Occupancy
- Zoning: MULTI
Financial Considerations
- Assessment Year: 1990
- Tax Amount: $27,600
- Tax Year: 2020
- Tenant Pays: Air Conditioning, Electricity, Heat
Disclosures and Reports
- Documents Avail.: Aerial Map, Rent Roll, Leases, Tax Bill, Operating Statement
- Property ID: 19331770010000
Listed by McColly Bennett Real Estate and McColly Rosenboom - W
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— 551-564 N Clarence Ave —
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NMLS#: 1598647
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Price & Sales History for 551-564 N Clarence Ave
Tax History
Tax History for 551-564 N Clarence Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$6,716
—
$63,548
—
2022
$6,715
-5%
$63,548
—
2021
$7,099
-1%
$63,548
—
2020
$7,150
—
$63,548
—
2019
$7,120
-3%
$63,548
—
2017
$7,338
-1%
$63,548
—
2016
$7,437
3%
$63,548
—
2014
$7,232
—
$63,548
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 551-564 N Clarence Ave
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- Single Family
- Active
- Updated 3 days ago
- 3Beds
- 1Total Bath
- 1,056Sq. Ft.
- Single Family
- Active
- Updated 2 days ago
- 4Beds
- 2Total Baths
- 1,656Sq. Ft.
- Single Family
- Active
- Updated 3 days ago
- 3Beds
- 1Total Bath
- 1,040Sq. Ft.
- Single Family
- Active
- Updated 3 days ago
- 2Beds
- 2Total Baths
- 3,000Sq. Ft.
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- Single Family
- Active
- Updated 20 hours ago
- 3Beds
- 2Total Baths
- 2,328Sq. Ft.
- Single Family
- Active
- Updated 5 days ago
- 3Beds
- 3Total Baths
- 1,450Sq. Ft.
Listed by Mandy Napoleon (815) 944-7003
- Single Family
- Active
- Updated 6 days ago
- 4Beds
- 1Total Bath
- 1,881Sq. Ft.
Listed by McColly Real Estate
- Single Family
- Active
- Updated 3 days ago
- 1Bed
- 1Total Bath
- 776Sq. Ft.
Listed by RE/MAX Executives
551-564 N Clarence Avenue, Watseka, IL 60970 (MLS# 11093257) is a Commercial property. 551-564 N Clarence Avenue is currently listed for $2,000,000 and was received on May 19, 2021. Want to learn more about 551-564 N Clarence Avenue? Do you have questions about finding other Commercial real estate for sale in Watseka? You can browse all Watseka real estate or contact a Coldwell Banker agent to request more information.