806 W Ohio ST, Urbana, IL 61801 – 11958215 - Michael Bempah

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Michael Bempah

The Bempah Group

mike@thebempahgroup.com +1(630) 206-9116

$ 525,000

Est. payment | -/mo

14 Beds

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$ 525,000

Est. payment | -/mo

Save

14 Beds

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 11958215

Bedrooms 14

Annual Tax Amount $10,579

Tax Year 2022

Lot Dimensions 52X135

Property Description

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.

Location

State IL

County Champaign

Area Urbana

Zoning MULTI

Rooms

Basement Full

Interior

Heating Natural Gas, Electric

Fireplace N

Exterior

Waterfront false

Building

Dwelling Type Two to Four Units

Sewer Public Sewer

Water Private

New Construction false

Schools

Elementary Schools Leal Elementary School

Middle Schools Urbana Middle School

High Schools Urbana High School

School District 116 , 116, 116

Others

Ownership Fee Simple

Special Listing Condition None

Listed by Philip Fiscella • Abe Lincoln Realty

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Michael Bempah

Broker | License ID: 475.175881

mike@thebempahgroup.com

+1(630) 206-9116

50 S Main St, Naperville, IL, 60540, USA