Address
712 W Illinois Street Urbana, IL
Price
$ 459,900
Property Attributes
  • MLS#11094705
  • TypeMulti-Family
  • CountyCHAMPAIGN
  • CityUrbana
  • AreaUrbana
  • Zip61801
  • Style
  • Year Built1915
  • Taxes$ 10509
  • Price$ 459,900
  • Bedrooms11
  • Full Bathrooms6
  • Half Bathrooms0
  • Sqr Footage3600
  • Lot Size6,534 SqFt
Listing Provided Courtesy Of:
Green Street Realty
Data Source:
Midwest Real Estate Data (MRED) - 103 - IL
Property Description

This is a great 4 unit building just 1/2 block east of the main University of Illinois Campus. Simple, clean, close! The building has three 3-bedroom units and one 2-bedroom unit all of which are rented for 2021-2022 school year. yes... fully leased with professional management by JSJ at 8%. Building has a brand new roof and four newer furnaces. Tenants pay their own heat. The windows are replaced and there is some kitchen/bathroom and flooring updating. On site coin laundry in basement. Immediate Cash flow and on site parking for four cars. Coin laundry not included in gross income. Gas/Electric run about $300/month. Insurance via InsureChampaign at $2475/year. Can be purchased with 710 Illinois which is a small adjacent single family house. Just ask. Owner headed toward retirement and is willing to work with a 1031 exchange. This same owner has other core campus properties available and and work with any investor/buyer to put together a package to meet their 1031 needs.

Elementary School Middle School High School
Leal Elementary School Urbana Middle School Urbana High School
Price History
5/20/2021 Listed $489,900
6/8/2021 7% - $459,900

General Features

Basement Partial
City Urbana
County Champaign
Days on Market 75
Directions 1/2 Block of East of Lincoln Avenue on Illinois. Corner of Illinois and Busey.
Elementary School Leal Elementary School
Elementary School District 116
Grossincome 58620
Heating Natural Gas
High School Urbana High School
High School District 116
Insurance Expense 2475
MLS Area Urbana
Middle/Junior High School Urbana Middle School
Middle/Junior School District 116
New Construction No
Ownership Fee Simple
Possession Tenant's Rights
Property Type Two to Four Units
Property Type Residential Income
Roof Asphalt
Sewer Public Sewer
Standard Status Active
Status Active
Street Name Illinois
Tax Annual Amount 10509.2
Tax Year 2020
Total Rooms 19
Township Cunningham
Trash Expense 360
Year Built 1915

Interior Features

Basement Unfinished
Bedrooms Possible 11
Full Baths Building 6
Street Suffix Street
Total Baths 6
Total Bedrooms 11

Exterior Features

Exterior Shingle Siding
Lot Dimensions 79.42 X 89.5 X 99.42 X 44.5 X 20 X 45
Lot Size Acres 0.15
Parking Features Unassigned
Total Parking 4
Water Source Public
Waterfront Y/N No

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 61801

Price
AVG $470K
$460K
Taxes
AVG $11,327
$10,509
Visits
AVG 200
56
Year Built
AVG 1925
1915
Walkscore
AVG 68
81
Data Provided by Walkscore ® not using MLS data

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