705 W Elm Street
URBANA, IL 61801

Status: Sold
Multi Family 5+
0 beds
0 baths
0 sq.ft
Listing Price: $749,000

About this home

These 2 BD apartments are fully furnished and includes a window air conditioner and free fiber-optic internet. Each kitchen has a gas stove. No pets have been allowed at this property. Parking is available to rent to tenants. There is an on-site laundry facility. The cross street is Coler. The efficiencies are fully furnished and include fiber-optic internet. Each unit includes a window air conditioner. Each kitchen has a gas stove. Unit 10 was remodeled in 2018, new roof 2008.

Property details

Property / Lot Details
Approximate Age Older
Acreage 0.14
Property Type Multi Family 5+
Lot Dimensions 133X60X103
Legal Description SIM'S, JOSEPH W., JR., & SARAH A., ADD SEC 17 TWP 19N R9E
Type Multi-Family Other
NumberOfUnitsTotal 10
School / Neighborhood, Utilities, Financing, Location Details
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 20
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 5
UnitTypeUnitsTotal 6
Number Of Full Bthrms - Type 1 1
Monthly Income - 1 700
Monthly Income Max - 1 910
unit 2
Beds Total 1
Baths Total 1
Number Of Rooms - Unit 2 1
UnitTypeUnitsTotal 4
Number Of Full Bthrms - Type 2 1
Monthly Income - 2 365
Monthly Income Max - 2 615
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 $89,550
Gross Rent Multiplier 8.7
Insurance Expense $1,899
Janitor Expense 0
Net Oper Income $52,990
Other Expense 0
MaintenanceExpense 6739
Scavenger Expense 0
Total Monthly Income 7462
OperatingExpense 36560
Water Expense 0

Tax/Assessments/Liens

Multiple Pin Numbers 0
PIN 922117106005
Taxes $12,854
Tax Year 2017
$749,000 Listing Price:
MLS # 10256608
Investment Profile Commercial Sale
Listing Market Time 148 days
Basement
List Date 01/24/2019
Year Built 0
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