202 S Grove ST Urbana, IL 61802

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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 12488685

Year Built 1913

Annual Tax Amount $4,552

Tax Year 2024

Lot Size 10,018 Sqft

Lot Dimensions 66X124

Property Sub-Type Multi Family 5+

Property Description

Expand your rental portfolio with 202 S Grove, a fully leased 5-unit building near downtown Urbana. Each unit is a one-bedroom, one-bath with its own kitchen. Three units were recently remodeled, and the other two have long-term tenants. Tenants pay individually metered electric and gas, while water, sewer, and heat are covered by a monthly utility credit. The seller has completed more than $60,000 in capital improvements, including a new high-efficiency hot water radiant heat boiler, a new roof, exterior painting, and full remodels of three units. Located on a large corner lot with R-4 zoning, the property delivers immediate income and offers strong potential for future development or continued value-add work.

Location

State IL

County Champaign

Area Urbana

Zoning MULTI

Interior

Cooling Window Unit(s)

Fireplace N

Building

Dwelling Type Multi Family 5+

Structure Type Stucco

Listed by Joe Zalabak of KELLER WILLIAMS-TREC

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Park Place Realty Group LLC

Broker | License ID: 888222

+1(708) 722-5106