If you need assistance, please call 217-359-7971

DESCRIPTION

409 W Elm Street, Urbana, is a 3 story plus garden level 14 unit apartment building located in the heart of Urbana, minutes from the University of Illinois campus. This building consists of 12 two-bedroom, one-bath units and 2 one bedroom studio units. This all-brick building is metered separately for electric and cold water. Landlord pays for both domestic and heating hot water. The opportunity for increased rental income exists by bringing rents up to current market rates. Rarely do buildings of this size in this location become available for sale. Hurry!

KEY DETAILS
  • Price:
  • $1,100,000
  • Bedrooms:
  • 0
  • Full Baths:
  • 0
  • Square Footage:
  • n/a
  • Acreage:
  • 0.29
  • Year Built:
  • 1979
  • MLS #:
  • MRD11417796
  • Street Address:
  • 409 W Elm St
  • City:
  • Urbana
  • State:
  • IL
  • Postal Code:
  • 61801
  • County:
  • Champaign
  • Area:
  • Urbana
  • Listing Status:
  • For Sale - Pending

Building

  • Exterior Description:
  • Brick
  • Stories:
  • 3
  • Year Built:
  • 1979

Business

  • Annual Insurance Expenses:
  • 1200
  • Annual Trash Expenses:
  • 650
  • Annual Water/Sewer Expenses:
  • 2069
  • Estimated Potential Income:
  • 10050
  • Gross Income:
  • 120600
  • Net Operating Income:
  • 54561
  • Operating Expense:
  • 10525

Land

  • Conforms To Zoning:
  • Multi
  • Existing Land Use:
  • Multi-Family
  • Lot Square Footage:
  • 12770

Listing

  • Days On Market:
  • 56
  • Originating Mls:
  • Mred
  • Previous Listing Price:
  • 1200000

Money

  • Property Taxes:
  • $55,744
  • Tax Year:
  • 2021
  • Tenant Pays:
  • Electricity, Water

Structures

  • Parking Spaces:
  • 14

Systems

  • Cooling System:
  • Central Air

Source

  • Listing Provided By Keller Williams-Trec

    ILMRED
REQUEST SHOWING
SCHOOL RATINGS

No school information available.

NOTES

No notes have been added for this home.

CONTACT AN AGENT
By clicking 'Request Info' you are expressly consenting, in writing, to receive telemarketing and other messages, including artificial or prerecorded voices, via automated calls or texts from cregmcdonald.com at the number you provided above. This consent is not required to purchase any good or service. More details in privacy policy and terms of use.

SCORECARD

0
PROS
0
CONS
Condition
Location
Nearby
Schools
Taxes
  • Add Note
  • Add to Notebook
  • Share