Eco Friendly
Address
911 W Springfield Avenue Urbana, IL
Price
$ 9,950,000
Property Attributes
  • MLS#11241162
  • TypeMulti-Family
  • CountyCHAMPAIGN
  • CityUrbana
  • AreaUrbana
  • Zip61801
  • StyleMulti-Family
  • Year Built1985
  • Taxes$ 122196
  • Price$ 9,950,000
  • Bedrooms10
  • Full Bathrooms0
  • Half Bathrooms0
Listing Provided Courtesy Of:
KELLER WILLIAMS-TREC
Data Source:
Midwest Real Estate Data (MRED) - 103 - IL
Property Description

Fully leased student housing in an Opportunity Zone on the University of Illinois campus. These 3 buildings are directly across the street from the university. The 77 units are comprised of 44 one-bedroom apartments, 30 two-bedroom units, a single three-bedroom, and 2 four-bedroom apartments. This is the ultimate Opportunity Zone combination of perfect location, below market rents, and value-add potential. Includes 911 W Springfield Ave, 901 W Springfield Ave, and 111 S Lincoln Ave....all on the same block.

Price History
10/8/2021 Listed $9,950,000

General Features

Additional Parcels Y/N Yes
City Urbana
Cooling Central Air
County Champaign
Current Use Multi-Family
Days on Market 6
Directions Lincoln Ave to Springfield Ave, West one block.
Electric Expense 15696
Grossincome 743916
Insurance Expense 20820
MLS Area Urbana
Maintenanceexpense 50000
Net Operating Income 487204
Operatingexpense 256712
Possession Closing
Property Type Multi Family 5+
Property Type Commercial Sale
Standard Status Active
Status Active
Stories 4
Street Name Springfield
Tax Annual Amount 122196
Tax Year 2020
Tenant Pays Air Conditioning, Electricity, Heat, Sewer
Total Units 77
Township Cunningham
Year Built 1985
Zoning MULTI

Interior Features

Street Suffix Avenue

Exterior Features

Lot Dimensions 105 X 132
Total Parking 100

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 $1.14M
$9.95M
Taxes
AVG $22,332
$122,196
Visits
AVG 183
94
Year Built
AVG 1930
1985
Walkscore
AVG 69
82
Data Provided by Walkscore ® not using MLS data

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