400 N Main ST, Princeton, IL 61356
400 N Main ST, Princeton, IL 61356
400 N Main ST, Princeton, IL 61356
400 N Main ST, Princeton, IL 61356
400 N Main ST, Princeton, IL 61356
400 N Main ST, Princeton, IL 61356
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Ali Arciniega

Ali Arciniega

+1(773) 683-1249
$ 420,000
Est. payment | /mo

5 Beds

5 Baths

Save
$ 420,000
Est. payment | /mo
Save

5 Beds

5 Baths

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12646206

Bedrooms 5

Year Built 1947

Annual Tax Amount $2,898

Tax Year 2025

Lot Dimensions 120 x 130

Property Sub-Type Two to Four Units

Property Description

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.

Location

State IL

County Bureau

Area Hollowayville / Princeton

Rooms

Basement Unfinished, Full

Interior

Heating Natural Gas, Forced Air

Fireplace N

Building

Dwelling Type Two to Four Units

Building Description Vinyl Siding, No

Sewer Public Sewer

Water Public

Structure Type Vinyl Siding

New Construction false

Schools

School District 115 , 115, 500

Others

Ownership Fee Simple

Special Listing Condition None

Midwest Real Estate Data (MRED) IDX
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Janelle McCarter of  Landmark Realty of Illinois LLC 

Nearby Locations

Ali Arciniega

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(773) 683-1249

aarciniega@chicagorea.com

1941 N Elston Ave, Chicago, IL 60642, USA

GET MORE INFORMATION

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from ALLURE, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

400 N Main ST