1504 PHILO Road
Urbana, IL 61801

Status: Sold
Multi Family
3 beds
0 baths
0 sq.ft
Listing Price: $130,000
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About this home

Both Units currently leased and managed by the Neves Group. Unit #1, main level, leased Section 8 for $750 until 28 Feb 2025. Tenant pays 2/3 of gas, electric, water, garbage, recycle, sewer. Long term tenant that will probably want to renew. New stove and refrigerator 2023. Unit #2, lower level, leased for $850 until 30 Sep 2024, all utilities included, rent subsidized by Regional Planning. Unit #2 was recently updated with new floor coverings and interior paint. Washer and Dryer located in lower level hallway. Attached two car shared garage with openers. Property has been approved by Section 8 which matches City code requirements. City inspected 2023.

Property details

Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age Unknown
3 Bedroom Unit in Building No
Parking Total 2
Exterior Building Type Vinyl Siding
Garage Details Garage Door Opener(s), Transmitter(s)
Parking On-Site Yes
Garage Ownership Owned
Garage Type Attached
Parking Spaces Count 2
Parking Garage
Roof Type Asphalt
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
CommunityFeatures Curbs, Sidewalks, Street Paved
Area Major Urbana
Corporate Limits Urbana
Directions NEAR THE CORNER OF FLORIDA AND PHILO RD BETWEEN BRIARCLIFF AND FLORIDA
Equipment CO Detectors, Ceiling Fan(s), Water Heater-Gas
Elementary School Thomas Paine Elementary School
Elementary Sch Dist 116
Heat/Fuel Natural Gas
High Sch Urbana High School
High Sch Dist 116
Sewer Public Sewer
Water Public
Jr High/Middle School Urbana Middle School
Jr High/Middle Dist 116
Township Cunningham
Interior Features
Basement Description Finished
Basement Full
Bedrooms Count 3
Bedrooms Possible 3
Baths Count 2
Full Baths in Building Count 2
Total Rooms 9
Units
unit 1
Beds Total 2
Baths Total 1
Actual Rent 750
Appliances And Features Stove, Refrigerator, Central Air Conditioner, Garage/Space
Full Baths Total 1
Lease Expiration Date 02/25
Rooms Total 5
Security Deposit $775
Tenant Pays Electric, Gas, Sewer, Water, Other
Floor Number 1
Square Feet 953
unit 2
Beds Total 1
Baths Total 1
Actual Rent 850
Appliances And Features Stove, Refrigerator, Window Air Conditioner
Full Baths Total 1
Lease Expiration Date 09/24
Rooms Total 4
Security Deposit 1700
Tenant Pays None
Square Feet 953
Property / Lot Details
Lot Dimensions 65 X 85 X 70 X 115
Lot Description Irregular Lot, Sidewalks
Legal Description LOT 6 BLOCK 15 CHAMPAIGN-URBANA AMVETS HOMESTEAD ASSOCIATION SUB
Lot Size Source Other
Lot Size Less Than .25 Acre
Ownership Fee Simple
Type Unit 1 Story Unit/s
Number Of Units in Building 2
Property Type Two to Four Units

Financials

Financing Conventional
Investment Profile Residential Income

Tax/Assessments/Liens

PIN 922116378038
Special Assessments N
Taxes $3,273
Tax Exemptions None
Tax Year 2022
$130,000 Listing Price:
MLS # 11997326
Investment Profile Residential Income
Listing Market Time 39 days
Basement Full
Type Unit 1 Story Unit/s
Number of Units in Building 2
Parking Garage
List Date 03/11/2024
Year Built
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