Urbana, IL 61801,709 W Illinois Street

$207,500

Est. payment /mo

$234,000

11.3%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

709 W Illinois Street Urbana, IL 61801

6 Beds

SOLD DATE : 03/10/2021

Key Details

Sold Price $207,500

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 10876669

Sold Date 03/10/21

Bedrooms 6

Year Built 1900

Annual Tax Amount $6,985

Tax Year 2019

Lot Dimensions 59 BY 117

Property Description

Turn key rental leased through 7/21. Start cash flowing on day 1. 2500 a month tenants pay all utilities. 2 units suited for two groups of 3-4 or one group of 6. Currently one group rents the whole building. Tenants pay all utilities including: water, sewer, recycling, trash, heat, electric, and wifi. The 700 block of West Illinois is a highly visible and rentable location for students. This is one property in an 8 property portfolio for sale including the following property: 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

Rooms

Basement Full

Interior

Heating Natural Gas

Fireplace N

Exterior

Waterfront false

View Y/N true

Building

Sewer Public Sewer

Water Public

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

Read Less

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


Listed by Jonah Weisskopf • Beringer Realty
Bought with Stefanie Pratt • Coldwell Banker Real Estate Group

Wade Marshall

Real Estate Advisor | License ID: 475.129060

+1(773) 450-1247

GET MORE INFORMATION

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.

Free Account Required