711 W Elm Street
URBANA, IL 61801

Status: Sold
Multi Family 5+
0 beds
0 baths
0 sq.ft
Listing Price: $2,700,000

About this home

Contractors Special!! The building presently consists of 21 4 BD/2 BA townhouse style apartments. Owner has and will supply concept approved blueprints to convert each unit into a 2 BD/1 BA and 1 BD/1BA. Parking onsite. These pet-friendly townhouses are fully furnished and include fiber-optic internet. Each townhouse (presently) is approximately 1, 100 sq. ft. The property features balconies off 2 bedrooms, a patio off the living room, central air, and on-site laundry facility. The kitchens have a dishwasher and garbage disposal. The cross street is Busey.

Property details

Property / Lot Details
Approximate Age Older
Acreage 0.49
Property Type Multi Family 5+
Lot Dimensions 122X173
Legal Description SIM'S, JOSPEPH, W., JR., & SARAH A., ADDSEC 17 TWP 19N R9E
Type Multi-Family Other
NumberOfUnitsTotal 21
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 40
MRD Virtual Tour None
Interior Features
Heat/Ventilation Other
Stories 3
Units
unit 1
Beds Total 4
Baths Total 2
Number Of Rooms - Unit 1 7
UnitTypeUnitsTotal 21
Number Of Full Bthrms - Type 1 2
Monthly Income - 1 800
Monthly Income Max - 1 1795
unit 2
Beds Total 0
Number Of Rooms - Unit 2 0
UnitTypeUnitsTotal 0
Monthly Income - 2 0
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 Other
Fuel Expense 0
Gross Rental Income $191,567
Gross Rent Multiplier 14
Insurance Expense $8,245
Janitor Expense 0
Net Oper Income $79,694
Other Expense 0
MaintenanceExpense 23531
Scavenger Expense 0
Total Monthly Income 16440
OperatingExpense 111873
Water Expense 0

Tax/Assessments/Liens

Multiple Pin Numbers 0
PIN 922117106017
Taxes $52,367
Tax Year 2017
$2,700,000 Listing Price:
MLS # 10256594
Investment Profile Commercial Sale
Listing Market Time 148 days
Basement
List Date 01/24/2019
Year Built 0
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