Accepting Backups
551-564 Clarence Avenue
Watseka, IL 60970
$2,000,000
0beds
0baths
—sqft
4.94acres
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About this home
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.
MLS Description — as provided by the listing brokerage.
The facts
Property typeCommercial Sale
Year built1990
Lot size4.94 acres
Annual tax$6,458.48
CountyIroquois
MLS #MRD11093257
Days on market1804
Features
Cooling
Wall Sleeve
Construction
Wood
Listed by
McColly Bennett Real Estate
Jay Tamblyn
Listing courtesy of mred MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of 4/26/2026, 9:41:04 AM. All data should be independently verified.
This home is under contract but the seller is accepting backup offers. Contact a dwello agent to submit.
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