This website uses "cookies" to ensure you get the best experience on our website. Using this website means you're OK with it.
Note

University Of Illinois Campus

Listing was updated on: 10/16/2019
University Of Illinois Campus University Of Illinois Campus University Of Illinois Campus University Of Illinois Campus University Of Illinois Campus University Of Illinois Campus University Of Illinois Campus University Of Illinois Campus University Of Illinois Campus University Of Illinois Campus University Of Illinois Campus University Of Illinois Campus University Of Illinois Campus University Of Illinois Campus University Of Illinois Campus University Of Illinois Campus University Of Illinois Campus University Of Illinois Campus University Of Illinois Campus University Of Illinois Campus University Of Illinois Campus University Of Illinois Campus University Of Illinois Campus University Of Illinois Campus University Of Illinois Campus University Of Illinois Campus University Of Illinois Campus University Of Illinois Campus University Of Illinois Campus University Of Illinois Campus University Of Illinois Campus University Of Illinois Campus University Of Illinois Campus University Of Illinois Campus

Property Overview

Price/Rent PSF $ 2,695,000.00
Asset Type Multifamily
Trade Type Sale
SQ. FT. Available 17,255
Date Available 10/16/2019
Additional URL Link
Floors 3
Additional parameters Show
Search Demographic Data Explore financing options
Click to add the listing to favorites
You need to be logged in to do this. Click the link above to log in or register for free so you can do this
Copy iframe
You need to be logged in to do this. Click the link above to log in or register for free so you can do this
Make a Note
You need to be logged in to do this. Click the link above to log in or register for free so you can do this
Add to Listing Report
You need to be logged in to do this. Click the link above to log in or register for free so you can do this
Export PDF
You need to be logged in to do this. Click the link above to log in or register for free so you can do this

Description

Location
The subject is located at the southeast corner of intersection of Lincoln Ave. and Indiana Ave. The site is in a prime section of campus, near University facilities and directly across the street from McKinley Health Center. University facilities exist to the west along with minor retail shops and a church adjacent to the south. Single family residential use dominates to the east.

Sale
Site is 18,900 SF rectangular lot. The building is 17,255 SF. It is 3 story brick fraternity house for Kappa Delta. It is legally conforming use of the R-7 zoning, University Residential. The site is served by public utilities. 12 parking spaces on concrete lot. It was build in 1918 with significant improvements in 1927, 1963 and 1982. The unit mix consist of 1 single, 15 doubles, 4 triples, and 5 quads. It has finished basement designed with a meeting room, laundry and storage space.

The NOI is pro forma $204,000 annually($17,000/month) absolute NNN, which will make it a 7.57% cap rate.

Brief Legal: North 25 feet of Lot 2 and all of Lots 3 and 4 in Lincoln Place Subdivision, Champaign County, Urbana, Illinois
Real Estate Taxes 2018: $25,813.80

Location

Are you sure you want to delete your listing

We recommend you archive listings rather than delete them, for future reference.

Can we add this to our comparable database?

Are you sure you want to archive your listing

Can we add this to our comparable database?

Please type your email and we'll send you the mail with all pdfs attached. You can also download each pdf from the list below.