400 N Main Street
Princeton, IL 61356
5
Bed
5
Bath
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
Property Details
Map
Map
Features
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Bedroom Information
Total Bedroom: 5Bathroom Information
Total Baths: 5Room Information
Rooms Total: 19 -
Flooring Information
Construction Materials: Vinyl Siding -
Heating & Cooling
Heating: Natural Gas, Forced Air WaterSource: Public
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Building Information
Year Built: 1947
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Lot Information
Lot Dimensions: 120 x 130 Lot Size: .25-.49 AcreProperty Information
Property Type: Residential Income Sub Type: Two to Four Units
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Listing Price Information
Original List Price:$440000
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Tax Information
Annual Tax: $2201.16 Tax Year: 2024 Parcel Number: 1609364010 Tax Exemption: None
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Parking Information
Total Parking: 12 Parking Lot, Yes
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Utility Information
Sewer: Public Sewer Water Source: Public -
Location Information
City: Princeton Direction: North Main St. in Princeton.
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 19018 1900 North Avenue, Princeton, IL, 61356 | $625,000 | 5 | 4 | 4,527 | 4,527 SqFt |
| 24911 1150 North Avenue, Princeton, IL, 61356 | $625,000 | 2 | 2 | 2,119 | 2,119 SqFt |
| 405 E Peru Street, Princeton, IL, 61356 | $339,500 | 4 | 4 | 3,712 | 3,712 SqFt |
| 21665 2280 East Street, Princeton, IL, 61356 | $1,480,050 | 3 | 1 | 1,200 | 1,200 SqFt |
| 1854 W Backbone Road, Princeton, IL, 61356 | $460,000 | 3 | 2 | 1,964 | 1,964 SqFt |
| 605 Sherwood Glen, Princeton, IL, 61356 | $365,000 | 3 | 3 | 2,246 | 2,246 SqFt |
| 447 N Euclid Avenue, Princeton, IL, 61356 | $148,000 | 2 | 2 | 1,100 | 1,100 SqFt |
| 727 S Euclid Avenue, Princeton, IL, 61356 | $279,000 | 3 | 2 | 2,686 | 2,686 SqFt |
| 3025 Arlington Drive, Princeton, IL, 61356 | $74,900 | 3 | 2 | 1,120 | 1,120 SqFt |
| 610 Timber Ridge Road, Princeton, IL, 61356 | $407,000 | 4 | 4 | 2,350 | 2,350 SqFt |
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Based on information submitted to the MLS GRID as of 08/17/2026 @ 18:20. All data is obtained from various sources and may not have been verified by the broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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ByOwner last updated this listing 08/17/2026 @ 18:20
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