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
Steven Sutton-Gordon

Steven Sutton-Gordon

+1(563) 343-7679
$ 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

Steven Sutton-Gordon

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

+1(563) 343-7679

steven@stevensellinghomes.com

5525 Meredith Dr, Des Moines, IA 50310, 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 Steven Selling Homes, 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