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Listed by Joe Zalabakof KELLER WILLIAMS-TREC
$ 275,000
Est. payment /mo
Active
202 S Grove Street Urbana, IL 61802
10,018 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12488685
Year Built 1913
Annual Tax Amount $4,552
Tax Year 2024
Lot Size 10,018 Sqft
Lot Dimensions 66X124
Property Sub-Type Multi Family 5+
Property Description
Expand your rental portfolio with 202 S Grove, a fully leased 5-unit building near downtown Urbana. Each unit is a one-bedroom, one-bath with its own kitchen. Three units were recently remodeled, and the other two have long-term tenants. Tenants pay individually metered electric and gas, while water, sewer, and heat are covered by a monthly utility credit. The seller has completed more than $60,000 in capital improvements, including a new high-efficiency hot water radiant heat boiler, a new roof, exterior painting, and full remodels of three units. Located on a large corner lot with R-4 zoning, the property delivers immediate income and offers strong potential for future development or continued value-add work.
Location
State IL
County Champaign
Zoning MULTI
Interior
Cooling Window Unit(s)
Fireplace N
Exterior
View Y/N true
Building
Foundation Block, Concrete Perimeter
Structure Type Stucco
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Nearby School & Business
SCHOOLSPROPERTIES
Middle Schools 2
- 4
Urbana Middle School
Public | 6 - 8
- 0
Campus Middle School for Girls
Private | 6 - 8
High Schools 1
- 5
Urbana High School
Public | 9 - 12
School and business data provided by Attom Data.