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$449,000
Est. payment /mo
14 Beds
UPDATED:
01/02/2025 05:50 AM
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 11958215
Bedrooms 14
Annual Tax Amount $11,290
Tax Year 2023
Lot Dimensions 52X135
Property Description
Cashflow AND future development potential. Just a good stone's-throw away from the University of Illinois campus, this blue-chip investment property is rented to a group for the 2024-25 school year for 5,825 per month - a 6.5 GRM. This stately converted house sports three floors, plus a finished basement. Zoned R-7. Your tenants will appreciate the paved parking out back, and the electric system was updated circa 2009. Tenants pay all utilities. Lessee is a corporate entity, so easy to work with. Owner is a licensed real estate broker.
Location
State IL
County Champaign
Zoning MULTI
Rooms
Basement Full
Interior
Heating Natural Gas, Electric
Fireplace N
Exterior
View Y/N true
Building
Sewer Public Sewer
Water Private
New Construction false
Schools
Elementary Schools Leal Elementary School
Middle Schools Urbana Middle School
High Schools Urbana High School
School District 116, 116, 116
Others
Ownership Fee Simple
Special Listing Condition None
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© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Philip Fiscella • Abe Lincoln Realty