202 S Grove Street, Urbana, IL 61802
sale
$275,000
|
Other
Courtesy Of Keller Williams The Real Estate Center of Illinois, LLC
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.
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Property Features
- Age: Over 50 Years Old
- Architecture Style: Other
- Building Units: 5
- Cooling System: Window Unit(s)
- Cooling System: Multi Units
- Legal Description: LOT 1 BLOCK 2 WEBBER'S, GEORGE G., 3RD ADD AND OTHER LAND
- MLSID: 12488685
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