Eco Friendly
Address
613 W Church Street Champaign, IL
Price
$ 205,000
Property Attributes
  • MLS#10778792
  • TypeMulti-Family
  • CountyCHAMPAIGN
  • CityChampaign
  • AreaChampaign - Savoy
  • NeighborhoodWilbur Heights
  • Zip61820
  • StyleMulti-Family,Single Room Occupancy
  • Year Built1890
  • Taxes$ 4730
  • Price$ 205,000
  • Bedrooms2
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size8,276 SqFt
Listing Provided Courtesy Of:
KELLER WILLIAMS-TREC
Data Source:
Midwest Real Estate Data (MRED) - 103 - IL
Property Description

Looking for location and profitability in the next investment to add your rental portfolio? Look no further, you've found it at 613 W Church, Champaign! This multifamily consists of 3 1 bedroom, 1 bath studio units on the first floor, and 5 1 bedroom Single Room Occupancy (SRO) units that each have their own kitchenette and share 2 common bathrooms. You couldn't ask for a better location, close to downtown Champaign, Westside Park, and immediately adjacent to Champaign Central High School. Bringing in over $3700 per month in gross rents, this is an amazing investment. All units have separate electric meters, and water and natural gas are billed back to the occupants. Featuring low rents, and many very long term renters, there is always a list of people waiting for vacancies. Due to the deferred maintenance associated with an always occupied property, this multifamily unit is being sold in as-is condition. Even greater value may be found in redeveloping the entire structure! Make plans to see this property today!

Price History
7/12/2020 Listed $280,000
10/29/2020 18% - $230,000
6/8/2021 11% - $205,000

General Features

Additional Parcels Y/N No
City Champaign
Cooling Window Unit(s)
County Champaign
Current Use Multi-Family, Single Room Occupancy
Days on Market 355
Directions From Downtown Champaign, West on Church St, House on the left
Grossincome 45480
MLS Area Champaign, Savoy
Net Operating Income 39550
Operatingexpense 1200
Possession Closing
Possible Use Multi-Family, Single Room Occupancy
Property Type Multi Family 5+
Property Type Commercial Sale
Standard Status Active
Status Active
Stories 2
Street Name Church
Tax Annual Amount 4730
Tax Year 2019
Tenant Pays Electricity, Sewer, Other
Total Units 8
Township Champaign
Trash Expense 1200
Year Built 1890
Zoning MULTI

Interior Features

Street Suffix Street

Exterior Features

Frontage Type City Street
Lot Dimensions 60X139
Lot Size Acres 0.19
Total Parking 5

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 61820

Price
AVG $180K
$210K
Taxes
AVG $3,197
$4,730
Visits
AVG 78
235
Year Built
AVG 1916
1890
Walkscore
AVG 73
59
Data Provided by Walkscore ® not using MLS data

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