Urbana, IL 61801,201 Lincoln Avenue

$220,000

$250,000

12.0%
Est.Price: ?

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Est. payment /mo

6 Beds


SOLD DATE : 05/01/2024

Key Details

Sold Price $220,000

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 11886048

Sold Date 05/01/24

Bedrooms 6

Year Built 1900

Annual Tax Amount $7,510

Tax Year 2022

Lot Dimensions 3300

Property Description

Blocks from the engineering campus this student rental property features oversized units and a great location. It has three 2bedroom 1bathroom apartments and an additional 2 car garage that is rented separately. The units rent for $895,$835,$830 respectively. The garage rents for an additional $70 per month. $2630 gross per month. Landlord pays for Call Gas/electric, water, sewer, trash and recycling. Tenants pay for their own internet. Step into cash flow. This is a turnkey investment property in a coveted location.

Location

State IL

County Champaign

Rooms

Basement Full

Interior

Heating Natural Gas

Fireplace N

Exterior

View Y/N true

Building

Sewer Public Sewer

Water Public

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

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Listed by Jonah Weisskopf • Weiner Co., Ltd.
Bought with Jonah Weisskopf • Weiner Co., Ltd.
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1700 W Higgins Rd, Plaines, IL,, 60018

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