631 E Grove AVE Rantoul, IL 61866

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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 Pending

Purchase Type For Sale

MLS Listing ID 12450400

Maintenance Fees $667

Year Built 1960

Annual Tax Amount $12,001

Tax Year 2024

Lot Size 0.750 Acres

Lot Dimensions 100x320

Property Sub-Type Multi Family 5+

Property Description

14 UNIT COMPLEX. Incredible investment opportunity with strong upside potential! Currently has only half the units occupied, generating over $4,400 per month in rental income. With repairs and updates to the remaining units, investors can maximize cash flow by bringing all 14 units online. The front brick building features a 3-bedroom, 1-bath unit with a basement that could easily be finished to add a 4th bedroom and an additional half bath, increasing rental value. The property also includes a shared laundry facility, an oversized one-car garage for maintenance and storage, a lot with ample parking and a common courtyard for tenants. This property is being offered in "AS-IS" condition. With steady rental demand and plenty of room to add value, this property offers excellent income growth and long-term return on investment.

Location

State IL

County Champaign

Area Northern Champaign County / Ford County

Zoning MULTI

Interior

Cooling Central Air, Window Unit(s)

Fireplace N

Exterior

Roof Type Composition

Building

Dwelling Type Multi Family 5+

Structure Type Brick,Other,Combination

Listed by Jeanette During of TOWN & COUNTRY REALTY,LLP

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Park Place Realty Group LLC

Broker | License ID: 888222

+1(708) 722-5106