712 West Illinois Street, Urbana, Champaign County, IL 61801

For Sale

$459,900 USD
Listed by Anthony Bamert with Green Street Realty
$459,900 USD
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  • 11 Beds
  • 0.15 ac Lot Size
  • MultiFamily
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Property Summary for 712 West Illinois Street

Type
MultiFamily
Sub-Type
Quadruplex
Lot Size
0.15 Ac
MLS Number
11094705
Year Built
1915
Parcel Number
922117108003
Parking info
4, Parking
Taxes
10,509.2 USD (2020)
Zip
61801
School District
Urbana School District 116
Schools Information
Rooms Information

Description for 712 West Illinois Street

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.
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Features for 712 West Illinois Street

Roof
  • Asphalt
Appliances
  • Refrigerator
Interior Features
  • Basement
Heating
  • Heating Fuels: Natural Gas
Listing provided by Green Street Realty
Copyright © 2021 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Listed by:

Anthony Bamert

Green Street Realty

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