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    712 W Illinois Street

    Urbana, IL 61801
    • $459,900
    • STATUS: Active
    • ON SITE: 64 days
    • MLS #: 11094705
    UPDATED: 34 min ago
    $459,900
    • 11
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1915
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:
    116

    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. 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.

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    © 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Helen Oliveri Real Estate. Based on information submitted to the MRED as of 2021-07-24T14:53:35.44 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    712 W Illinois Street Urbana, IL 61801

    • Price: $459,900
    • Status: Active
    • Updated: 34 min ago
    • MLS #: 11094705
    11
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    1915
    Built
    Neighborhood:
    Urbana
    County:
    Champaign
    Area:
    Urbana
    Elementary School:
    Leal Elementary School
    Middle School:
    Urbana Middle School
    High School:
    Urbana High School
    School District:
    116
    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. 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.
    Exterior Features

    Exterior Building Type Shingle Siding Is Parking Includedin Price Yes Number Of Cars 4 Parking Space/S Parking Features Unassigned Parking On Site Yes Parking Ownership Owned Parking Total 4 Unit1 Floor Level 1 Unit2 Floor Level 1 Unit3 Floor Level 2 Unit4 Floor Level 3 Waterfront YN No

    Interior Features

    3 Bedroom Unit In Building Yes Appliances Features Unit1 StoveRefrigerator Appliances Features Unit2 StoveRefrigerator Appliances Features Unit3 StoveRefrigerator Appliances Features Unit4 StoveRefrigerator Basement Partial Basement Description Unfinished Bathrooms Total Integer 6 Bedrooms Below Grade 0 Bedrooms Possible 11 Full Baths In Building 6 Full Baths In Unit1 2 Full Baths In Unit2 1 Full Baths In Unit3 2 Full Baths In Unit4 1 Half Baths In Building 0 Half Baths In Unit1 0 Half Baths In Unit2 0 Half Baths In Unit3 0 Half Baths In Unit4 0 Heating Natural Gas Number Of Bedrooms Unit1 3 Number Of Bedrooms Unit2 2 Number Of Bedrooms Unit3 3 Number Of Bedrooms Unit4 3 Number Of Rooms Unit1 5 Number Of Rooms Unit2 4 Number Of Rooms Unit3 5 Number Of Rooms Unit4 5 Rooms Total 19

    Property Features

    Age Description 100+ Years Built Before1978 YN Yes Corporate Limits Urbana General Information None Gross Income 60000 Lease Exp Date Mo Yr Unit1 07/22 Lease Exp Date Mo Yr Unit2 08/22 Lease Exp Date Mo Yr Unit3 08/22 Lease Exp Date Mo Yr Unit4 08/22 Lot Size Less Than .25 Acre Lot Size Dimensions 79.42 X 89.5 X 99.42 X 44.5 X 20 X 45 New Construction YN No Property Sub Type 4 Flat Rebuilt YN No Rehab YN No Security Deposit Unit1 0 Security Deposit Unit2 0 Security Deposit Unit3 0 Security Deposit Unit4 0 Sewer Public Sewer Special Assessments N Special Listing Conditions None Special Service Area N Tax Annual Amount 10509.2 Tax Year 2020 Tenant Pays Unit1 Heat Tenant Pays Unit2 Heat Tenant Pays Unit3 Heat Tenant Pays Unit4 Heat Total Rental Income 60000 Unit1 Rent 1395 Unit2 Rent 995 Unit3 Rent 1395 Unit4 Rent 1200 Water Source Public

    Listing information © 2021 Midwest Real Estate Data LLC.
    Listing provided courtesy of Green Street Realty.


    © 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Helen Oliveri Real Estate. Based on information submitted to the MRED as of 2021-07-24T14:53:35.44 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
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