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$449,000

Est. payment - /mo

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14 Beds

3 Baths

Active

806 W Ohio ST Urbana, IL 61801

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Park Place Realty Group LLC

info@parkplacerealtyllc.com +1(708) 722-5106

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Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 11958215

Bedrooms 14

Annual Tax Amount $11,290

Tax Year 2023

Lot Dimensions 52X135

Property Sub-Type Two to Four Units

Property Description

Cashflow AND future development potential. Just a good stone's-throw away from the University of Illinois campus, this blue-chip investment property is rented to a group for the 2025-26 school year for 6,100 per month - a 6.1 GRM. Plus another $325 billed back to tenants to cover sewer, trash, and internet. This stately converted house sports three floors, plus a finished basement. Zoned R-7. Your tenants will appreciate the paved parking out back, and the electric system was updated circa 2009. Tenants pay all utilities. Lessee is a corporate entity, so easy to work with. Owner is a licensed real estate broker.

Location

State IL

County Champaign

Area Urbana

Zoning MULTI

Rooms

Basement Finished, Full

Interior

Heating Natural Gas, Electric

Fireplace N

Building

Dwelling Type Two to Four Units

Building Description Asbestos, No

Sewer Public Sewer

Water Private

Structure Type Asbestos

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

Listed by Philip Fiscella of Abe Lincoln Realty

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Park Place Realty Group LLC

Broker | License ID: 888222

+1(708) 722-5106