Urbana, IL 61801,302 W Locust Street
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Urbana, IL 61801,302 W Locust Street
Urbana, IL 61801,302 W Locust Street
Urbana, IL 61801,302 W Locust Street
Urbana, IL 61801,302 W Locust Street

$565,000

Est. payment /mo

$604,000

6.5%
Est.Price: ?

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302 W Locust Street Urbana, IL 61801

SOLD DATE : 04/21/2021

Key Details

Sold Price $565,000

Property Type Commercial

Sub Type Multi Family 5+

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 10876679

Sold Date 04/21/21

Year Built 1960

Annual Tax Amount $7,518

Tax Year 2019

Lot Dimensions 66X123

Property Description

Thus building features 12 well maintained 1bedroom apartments. 4 garden level units feature ceramic floor, new kitchens, and large windows. The 8 first floor and second floor apartments feature refinished hardwood floors, new kitchens, new windows, and coin operated laundry in the basement. Parking lot includes 12 parking spots. Location is two blocks from downtown Urbana. Terrific location. West Urbana portfolio for sale includes the following properties 302 West Locust: 624,000 12 one bedroom apartments 709 West Illinois: 244,000 2 three bedroom apartments 602 Busey: 164,000 3 one bedroom apartments 703 West High: 159,000 1 one bedroom apartment/1 three bedroom apartment 103 Coler: 224,000 4 one bedroom apartments 304 Locust: 199,000 4 one bedroom apartments 509 Nevada: 274,000 2 one bedroom apartments/3 studio apartments/1 four bedroom apartment 1008 Busey: 474,000 5 large 2 bedroom apartments/ 2 studio apartments Total units: 40 total apartments Total price: $2,363,000 Total gross rents: $26,904

Location

State IL

County Champaign

Interior

Fireplace N

Exterior

View Y/N true

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Listed by Jonah Weisskopf • Beringer Realty
Bought with Kenneth Dooley • Compass

Wade Marshall

Real Estate Advisor | License ID: 475.129060

+1(773) 450-1247

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