551-564 N Clarence AVE, Watseka, IL 60970
See all 17 photos
551-564 N Clarence AVE, Watseka, IL 60970
551-564 N Clarence AVE, Watseka, IL 60970
551-564 N Clarence AVE, Watseka, IL 60970
551-564 N Clarence AVE, Watseka, IL 60970
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
Samuel Stella

Samuel Stella

+1(224) 426-4652
$ 2,000,000
Est. payment /mo
Save
Active Under Contract

551-564 N Clarence AVE Watseka, IL 60970

4.94 Acres Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID 11093257

Year Built 1990

Annual Tax Amount $20,731

Tax Year 2025

Lot Size 4.940 Acres

Lot Dimensions 4.94 AC

Property Sub-Type Multi Family 5+

Property Description

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.

Location

State IL

County Iroquois

Area Watseka

Zoning MULTI

Rooms

Basement None

Interior

Cooling Wall Sleeve

Fireplace N

Exterior

Roof Type Composition

Building

Dwelling Type Multi Family 5+

Structure Type Wood

Midwest Real Estate Data (MRED) IDX
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Buck Tamblyn of  McColly Bennett Real Estate 

NEARBY SCHOOLS & PROPERTIES

Samuel Stella

Samuel Stella

Designated Managing Broker / Owner | License ID: 471.021016

+1(224) 426-4652

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 Stellar Results Realty, 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

551-564 N Clarence AVE

QUICK SEARCH
There are 33 quick searches