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$ 365,000

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Pending

407 E Elm ST Urbana, IL 61802

8,276 Sqft Lot

UPDATED:

09/23/2024 01:26 PM

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

Lot Dimensions 65 X 125

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)

Fireplace N

Building

Dwelling Type Multi Family 5+

Level or Stories 1

Listed by Carol Meinhart • The Real Estate Group,Inc

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