407 E Elm ST Pending Save Request In-Person Tour Request Virtual Tour
Urbana,IL 61802
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 12149160
Year Built 1989
Annual Tax Amount $9,526
Tax Year 2023
Lot Size 8,276 Sqft
Property Description
Looking for a gem to add to your investment portfolio or perhaps looking for your first investment. This unique five-unit apartment building in the Champaign-Urbana area is an excellent investment opportunity. Each unit features 1 bedroom and 1 bathroom, with tenants responsible for their own utilities, while the landlord only handles landscaping and trash services. The units include carpet and vinyl flooring, with one dedicated parking space per unit and plenty of street parking available. Conveniently located just a few blocks from downtown Urbana, Lincoln Square Mall, and shopping options, this property is also close to the University of Illinois at Urbana-Champaign (UIUC). With solid bones and new development in the area, this building offers great potential for increasing ROI through continued improvements and rent increases. Don't miss out on this prime location, perfect for attracting tenants! Call you favorite Realtor today to schedule your private showing.
Location
State IL
County Champaign
Area Urbana
Zoning MULTI
Interior
Cooling Window Unit(s)
Building
Dwelling Type Multi Family 5+