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$ 275,000
Est. payment | /mo
10,018 Sqft Lot
$ 275,000
Est. payment | /mo
10,018 Sqft Lot
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
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Listed by Joe Zalabak of KELLER WILLIAMS-TREC
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "