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$ 310,000
Est. payment | /mo
2,700 SqFt
$ 310,000
Est. payment | /mo
2,700 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 2,700 sqft
Price per Sqft $114
MLS Listing ID 12266179
Maintenance Fees $5,100
Year Built 1910
Annual Tax Amount $14,144
Tax Year 2023
Lot Size 8,712 Sqft
Lot Dimensions 61X140
Property Sub-Type Multi Family 5+
Property Description
Located just half a block from the University of Illinois on Lincoln Avenue, this multi-unit property offers an unbeatable location in the Heart of campus. It's within walking distance of key campus destinations, including Cafe Paradiso, the Department of Social Work, the Department of Dance, and the Early Childhood Lab. Just two blocks to Krannert Center for the Performing Arts and three blocks from the Quad, this property is ideal for students and faculty alike. The current lease runs through July, providing steady rental income in this high-demand area. For savvy future focused investors this property poses fantastic short term and long term profits as the high demand forces rental income higher and interest rates lower. Rent rates have consistently been increased year after year for this seller. This is a rare opportunity to invest in a prime location with exceptional potential. Contact us today for more details!
Location
State IL
County Champaign
Area Urbana
Zoning MULTI
Interior
Fireplace N
Exterior
Utilities Available Sanitary Sewer, Water-Municipal
Building
Dwelling Type Multi Family 5+
Level or Stories 2
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Listed by Nate Evans • eXp Realty,LLC-Mahomet
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Sarah Leonard
Broker | Owner