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3 Unit Apartment Building 3 Unit Apartment Building 3 Unit Apartment Building 3 Unit Apartment Building

Property Overview

Price/Rent PSF $ 399,000.00
Asset Type Multifamily
Trade Type Sale
SQ. FT. Available 4,220
Date Available 02/02/2021
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Description

Location
The property is located near Lincoln Ave. on the east side of the University of Illinois campus.



Champaign and Urbana are twin cities in Champaign County and are located in the heart of East Central Illinois. Champaign-Urbana is a Big Ten community and growing tech center. The University of Illinois has been the dominant force in making C-U a high tech area. The University has one of the few supercomputer bases in the country. This has helped to attract additional businesses. C-U connects with Interstates I-57, I-72, and I-74. It is also home to the Parkland College, and two major regional hospitals, Carle Foundation and OSF Healthcare. Champaign County is a leader in education, health care, government, technology, industry and agriculture. Chicago is approximately 2 hours north, Indianapolis is approximately 2 hours west and St. Louis is approximately 2 1/2 hours south.




Sale
The 3 unit apartment building consist of a rectangular shaped corner lot which measures 60' x 110' . The 3 1/2 story property is zoned MOR, Mixed Office Residential. Up to six parking spaces are available on the site. All city utilities serve the site. The total building area is approximately 4,220 Sq,Ft, with apartment units on each floor. Wood construction and design on a basement. Appliances in the kitchen area, as range/oven, refrigerator, and dishwasher. The kitchen in unit #1 was remodeled in 2009, with additional remodeling to this property in the last few years consisting of windows, exterior siding and HVAC units.


Brief Legal: Lot 5 Russell's Subdivision, City of Urbana Champaign County, Illinois


Real Estate Taxes: $9757.70

Location

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