701 W Elm Street
URBANA, IL 61801

Status: Sold
Multi Family 5+
0 beds
0 baths
0 sq.ft
Listing Price: $1,239,000

About this home

This building has a secured entrance and includes fiber-optic internet. All units are fully furnished. The kitchen has an electric stove, garbage disposal, dishwasher, and breakfast bar. This building features central air and an in-building laundry facility. Apartments #1 and #3 have porches. No pets have been allowed on property. Parking is available for $45/month. The cross street is Coler. New roof in 2017!

Property details

Property / Lot Details
Approximate Age Older
Acreage 0.24
Property Type Multi Family 5+
Lot Dimensions 120X88
Legal Description RUSSELL'S SUB SEC 17 TWP 19 R9E
Type Multi-Family Other
NumberOfUnitsTotal 9
School / Neighborhood, Utilities, Financing, Location Details
Air Conditioning Central Air
Area Major Urbana
Directions I74 E, S ON LINCOLN, E ON SPRINGFIELD, S ON COLER, W ON ELM
Township CUNNINGHAM
Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Approx Year Built 0
Parking Total 10
MRD Virtual Tour None
Interior Features
Heat/Ventilation Other
Stories 3
Units
unit 1
Beds Total 2
Baths Total 1
Number Of Rooms - Unit 1 4
UnitTypeUnitsTotal 5
Number Of Full Bthrms - Type 1 1
Monthly Income - 1 995
Monthly Income Max - 1 1045
unit 2
Beds Total 3
Baths Total 1
Number Of Rooms - Unit 2 5
UnitTypeUnitsTotal 4
Number Of Full Bthrms - Type 2 1
Monthly Income - 2 1200
Monthly Income Max - 2 1545
unit 3
Beds Total 0
Number Of Rooms - Unit 3 0
UnitTypeUnitsTotal 0
Monthly Income - 3 0
unit 4
Beds Total 0
Number Of Rooms - Unit 4 0
UnitTypeUnitsTotal 0
Monthly Income - 4 0
unit 5
Beds Total 0
UnitTypeUnitsTotal 0
Monthly Income - 5 0
Number Of Rooms - Type 5 0
unit 6
Beds Total 0
UnitTypeUnitsTotal 0
Monthly Income - 6 0
unit 7
Beds Total 0
UnitTypeUnitsTotal 0
Monthly Income - 7 0
Number Of Rooms - Type 7 0

Financials

Investment Profile Commercial Sale
ElectricExpense 0
Financing Contract
Fuel Expense 0
Gross Rental Income $102,630
Gross Rent Multiplier 12
Insurance Expense $3,420
Janitor Expense 0
Net Oper Income $61,040
Other Expense 0
MaintenanceExpense 4981
Scavenger Expense 0
Total Monthly Income 10740
OperatingExpense 41590
Water Expense 0

Tax/Assessments/Liens

Multiple Pin Numbers 0
PIN 922117106007
Taxes $22,951
Tax Year 2017
$1,239,000 Listing Price:
MLS # 10256650
Investment Profile Commercial Sale
Listing Market Time 149 days
Basement
List Date 01/23/2019
Year Built 0
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