Downtown Cambridge property with great income potential! Updated Large 2 bedroom apartment on 2nd floor. Spacious Rooms, in unit laundry, street or alley entrances. Main floor is completely remodeled office/retail space with additional back storage room. Seller is motivated!!
Great Spaces with Lots of Options! Very open and flexible for offices or retail on the main floor!
This is an investor's special, priced to sell! This 2 story brick downtown building has plenty of space on the main level for retail or office space but needs to be customized to fit your needs. The 2nd story has street access by separate stairwell with two 1 bedroom apartments. Currently the apartments are vacant, but were previously rented for $250 & $300/month. There is also a full basment under the building. Property is being sold "AS IS" with the seller making no repairs. This property is also in the TIF District so any updates/repairs made are eligible for TIF reimbursement through the VIllage of Cambridge (contact the VIllage for more information). No utilities are on.
The median home value in Cambridge, IL is $125,000. This is lower than the county median home value of $136,100. The national median home value is $338,100. The average price of homes sold in Cambridge, IL is $125,000. Approximately 78.79% of Cambridge homes are owned, compared to 8.87% rented, while 12.35% are vacant. Cambridge real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Cambridge real estate agent to arrange a tour today!
Cambridge, Illinois has a population of 2,133. Cambridge is more family-centric than the surrounding county with 30.03% of the households containing married families with children. The county average for households married with children is 28.83%.
The median household income in Cambridge, Illinois is $67,361. The median household income for the surrounding county is $62,097 compared to the national median of $69,021. The median age of people living in Cambridge is 37.3 years.
The average high temperature in July is 84.8 degrees, with an average low temperature in January of 13.5 degrees. The average rainfall is approximately 37.4 inches per year, with 24 inches of snow per year.