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Property Overview

Price/Rent PSF $ 399,000.00
Asset Type Multifamily
Trade Type Sale
SQ. FT. Available 2,933
Date Available 02/02/2021
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Description

Location
The property is located in the prime section of campus, within a block of the McKinley Health Center and near dormitories, Greek housing, and apartments. The area is predominantly residential in nature. University facilities, including the Krannert Center, are found to the west.



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 2 1/2 Story rooming house has a rectangular shaped parcel which measures 52' x 135'. It is zoned R7, University Residential. The site is served by all city utilities, and offers 13 parking spaces. The building size is 2,933 Sq.Ft. above grade which includes finished attic area. The subject includes basement rooms, 14 bedrooms, and 2 bathrooms. It was remodeled in 2006.


Brief Legal: Lot 6 in Forest Park Addition, Champaign County, Illinois


Real Estate Taxes: $8952.28

Location

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