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Listed by Judy Fejesof Coldwell Banker R.E. Group
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Est. payment /mo
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Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12605088
Year Built 2001
Annual Tax Amount $11,074
Tax Year 2024
Lot Dimensions 100X137
Property Sub-Type Multi Family 5+
Property Description
Turnkey, updated, and fully rented 7-unit investment opportunity!! Five of the units are spacious townhouse-style 2-bedroom layouts featuring 1.5 bathrooms and generous living space. All units offer great natural light and functional flow. These bi-level townhome-style units rent easily, have smooth turnover, and include central air and designated parking. The property features 5 covered parking spaces plus 2 additional off-street spots. There is also a basement common area with designated spaces for laundry units along with tenant storage. Potential for increased rental income with HACC vouchers offering 2-bedroom units up to $1,122 and 1-bedroom units up to $934, creating a total potential cash flow of $7,854/month. Tenants pay their own gas, electric, and water, helping maximize returns. This conscientious owner has invested approximately $100,000 in improvements, including a new roof, multiple HVAC systems, and extensive unit renovations. A full list of upgrades is available in additional documents. Fully rented and meticulously maintained, this is a rare opportunity to step into immediate cash flow from day one!
Location
State IL
County Champaign
Zoning MULTI
Interior
Cooling Central Air
Fireplace N
Exterior
View Y/N true
Building
Sewer Storm Sewer
Water Municipal Water
Structure Type Wood,Brick,Vinyl Siding
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