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5 Beds
5 Baths

$420,000

400 N Main Street, Princeton IL, 61356

Built in1947
Property typeMulti-family
Listed by Janelle McCarter with Landmark Realty of Illinois LLC 815-252-7283

Overview

Active

Listed May 12, 2026

Updated Sep 4

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.

$2,794/mo

Est. mortgage payment based on a $420,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
12646206

Interior Features

Bedrooms
5
Bathrooms
5
Heating
Yes
Basement
Yes

Other Property Details

Taxes
$2,898
Tax Frequency
Annually
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Listed by Janelle McCarter with Landmark Realty of Illinois LLC 815-252-7283

The data relating to real estate for sale on this website comes in part from the Broker ReciprocitySM Program of Midwest Real Estate Data. Real estate listings held by brokerage firms other than The Wexler Gault Group are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.

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Data is refreshed every 3 hours. Listing last updated 7:16 AM UTC on 9/4/2026. 

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