111 W Park 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 Multi Family 5+

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12373675

Maintenance Fees $12,365

Year Built 1972

Annual Tax Amount $32,062

Tax Year 2024

Lot Size 0.430 Acres

Lot Dimensions 88.8 X 100 X 115

Property Sub-Type Multi Family 5+

Property Description

111-121 W Park St is a multifamily investment opportunity that offers 21 units within 2 buildings. The breakdown includes (11) 2 bedroom units (1) 1 bedroom unit and (9) studios. The property is currently fully leased for the 2024-25 lease term and only has one vacant studio apartment for the upcoming 2025-26 lease term. This property boasts a strong rental history and has been meticulously managed long-term. The strong rental history combined with value add opportunity make this a great property to add to an investor's portfolio. This property also boasts a prime location being across the street from Crystal Lake Park that has had major improvements in recent years, a growing retail hub just to the east at Five-Points and surrounding areas, and great proximity to Carle Foundation Hospital and the University of Illinois Campus.

Location

State IL

County Champaign

Area Urbana

Interior

Fireplace N

Building

Dwelling Type Multi Family 5+

Level or Stories 2

Listed by Jordan Dunahee • Ramshaw Real Estate

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Park Place Realty Group LLC

Broker | License ID: 888222

+1(708) 722-5106