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400 Main Street

Princeton, IL 61356
Directions
$440,000
5beds
5baths
sqft
Anything from "is it priced right?" to "what's the catch?"

About this home

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.
MLS Description — as provided by the listing brokerage.

The facts

Property typeResidential Income
Year built1947
Age band71-80 Years
Total parking12
Lot dimensions120 x 130
AreaHollowayville / Princeton
Bedrooms (total)5
Annual tax$2,201.16
First listedMay 12, 2026
Parcel #1609364010
CountyBureau
MLS #MRD12646206
Days on market2
Photos41

Features

Heating
Natural GasForced Air
Parking
Parking LotYes
Construction
Vinyl Siding
Sewer
Public Sewer
Listed by
Landmark Realty of Illinois LLC
Janelle McCarter · 815-252-7283

Listing courtesy of mred MLS as distributed by MLS GRID.

Based on information submitted to the MLS GRID as of 5/13/2026, 8:53:06 PM. All data should be independently verified.

$440,000
5 bd · 5 ba
You + your agent

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