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806 W Ohio Street Urbana, IL $ 525,000
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$ 525,000 Get more info
806 W Ohio Street
$ 525,000
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Share Save

806 W Ohio Street

Urbana, IL, 61801
$ 525,000
Bedrooms14 Baths3.0 Sq 3,834

Monthly Estimate*

$ 3,667

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Multi-Family Home for sale in Urbana, IL

for $525,000 with 14 bedrooms and 3 full baths. This home is 3,834 square feet.

Cashflow AND future development potential. Just a good stone's-throw away from the University of Illinois campus, this blue-chip investment property is already rented to a group for the 2024-25 school year (rent goes up to $5,825 in August). This stately converted house sports three floors, plus a finished basement. Zoned R-7. Your tenants will appreciate the paved parking out back, and the electric system was updated circa 2009. Tenants pay all utilities. Lessee is a corporate entity, so easy to work with. Owner is a licensed real estate broker.

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Multi-Family Active

Price

$ 525,000

Bedrooms

14

Full Bath

3

Property Type

Multi-Family

Taxes

$ 10,579

Style

Town/City

Urbana

County/Region

Champaign

MLS | Web ID

11958215
Features
General
Sewer Public Sewer
Heating Natural Gas Electric
Possession Tenant's Rights
Zoning MULTI
Township Cunningham
Tax Year 2022
Percent Ownership Fee Simple
Gross Income 5500
County Champaign
Net Operating Income 5500
Insurance Expense 1286
New Construction N
Property Type Residential Income Two to Four Units
Total Rooms 18
Status Active
Directions From Lincoln Ave go East on Ohio house on your lefthand side.
High School Urbana High School
City Urbana
High School District 116
MLS Area Urbana
Waterfront Y/N N
Street Name Ohio
Elementary School Leal Elementary School
Tax Annual Amount 10579
Middle/Junior High School Urbana Middle School
Virtual Tour https://www.tourbuzz.net/2205644?idx=1
Days on Market 7
Standard Status Active
Middle/Junior School District 116
Elementary School District 116
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Interior
Basement Full Finished
Street Suffix Street
Total Bedrooms 14
Total Baths 3
Bedrooms Possible 14
Full Baths Building 3
Half Baths Building 0
Total Number of Units 2
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Exterior
Water Source Private
Total Parking 10
Lot Dimensions 52X135
Exterior Asbestos Siding
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* Excluded Features
List By
Abe Lincoln Realty

Broker

fiscella@gmail.com

Email

Affordability Calculator

$4,549
Per Month
81%
19%
0%
Monthly Principal & Interest
$3,667
Monthly Property Taxes
$882
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
1881991 Elementary School
1881592 Middle School
Urbana High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
1/9/2024$525,000 Listed Price

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806 W Ohio Street, Urbana, IL, 61801 is a Multi-Family Home for sale at $525,000 with 3,834 sqft. 806 W Ohio Street has 14 bedrooms and 3.0 baths. The property's zip code is 61801 which is in Urbana, IL

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