$405,000
$429,000
5.6%For more information regarding the value of a property, please contact us for a free consultation.
1008 S Busey AVE Urbana, IL 61801
Key Details
Sold Price $405,000
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 10955173
Sold Date 05/08/21
Year Built 1900
Annual Tax Amount $11,338
Tax Year 2019
Lot Dimensions 54X110
Property Description
Large Chicago style building one block from West Urbana. 4 large 2bedroom apartments with double doors, hardwood floors, and tons of vintage appeal. One block from campus. 2 more studio units and a 2bedroom unit are garden level. In total this 7 unit building is a rare find on the market. Building passed Urbana city inspection in 2019. West Urbana portfolio for sale includes the following properties 302 West Locust: 624,000 12 one bedroom apartments 709 West Illinois: 244,000 2 three bedroom apartments 602 Busey: 164,000 3 one bedroom apartments 703 West High: 159,000 1 one bedroom apartment/1 three bedroom apartment 103 Coler: 224,000 4 one bedroom apartments 304 Locust: 199,000 4 one bedroom apartments 509 Nevada: 274,000 2 one bedroom apartments/3 studio apartments/1 four bedroom apartment 1008 Busey: 474,000 5 large 2 bedroom apartments/ 2 studio apartments Total units: 40 total apartments Total price: $2,363,000 Total gross rents: $26,904
Location
State IL
County Champaign
Area Urbana
Interior
Fireplace N
Building
Level or Stories 3
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Bought with Eric Porter • RE/MAX REALTY ASSOCIATES-CHA
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