503-505 Elm Street, Urbana, Illinois 61801
$250,000
|
Sold
|
|
| Status: | Closed |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 7 |
| Baths: | 0 |
| Year Built: | — |
| Property Taxes: | $4,742 |
| Days On Market: | 708 |
| Lot Size: | 0,00 |
Description
Two contiguous homes both with R-5 Zoning allowing Medium Density Multi-Family. Approximately 17,250 square feet of zoning allowing building heights up to 35 feet as per the City of Urbana. Combined the units rent for $25,320 per year currently and are locally third party managed. Earn rent until you are ready to build! Consult local zoning and perform due diligence before making an offer. Listing agent believes that the units are currently under-rented and thus there exists potential for value add.
Property Specifics
| Multi-unit | |
| — | |
| — | |
| — | |
| — | |
| — | |
| No | |
| — |
| Champaign | |
| — | |
| — / — | |
| — | |
| — | |
| — | |
| 11911199 | |
| 922117235005 |
Nearby Schools
| NAME: | DISTRICT: | DISTANCE: | |
|---|---|---|---|
|
Grade School
Leal Elementary School |
116 | — | |
|
Middle School
Urbana Middle School |
116 | Not in DB | |
|
High School
Urbana High School |
116 | Not in DB | |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 9 Jan, 2024 | Sold | $250,000 | MRED MLS |
| 1 Dec, 2023 | Under contract | $395,000 | MRED MLS |
| — | Last price change | $495,000 | MRED MLS |
| 17 Oct, 2023 | Listed for sale | $495,000 | MRED MLS |
Room Specifics
All Bedroom Info:
Total Bedrooms: 7
Bedrooms Above Ground: 7
Bedrooms Below Ground: 0
Total Bedrooms: 7
Bedrooms Above Ground: 7
Bedrooms Below Ground: 0
Second Bedroom Info:
Dimensions: —
Location: —Dimensions: —
Floor Type: —
Third Bedroom Info:
Dimensions: —
Location: —Dimensions: —
Floor Type: —
Fourth Bedroom Info:
Dimensions: —
Location: —Dimensions: —
Floor Type: —
Fifth Bedroom Info:
Dimensions: —
Location: —Dimensions: —
Floor Type: —
Sixth Bedroom Info:
Dimensions: —
Location: —Dimensions: —
Floor Type: —
Seventh Bedroom Info:
Dimensions: —
Location: —Dimensions: —
Floor Type: —
Bathroom Info:
Full Bathrooms: 3
Partial Bathrooms: —Full Bathrooms: 3
Bathroom Amenities: —
Bathroom in Basement: —
Additional Rooms Info:
Rooms: —
Basement: —Rooms: —
Basement Description: Unfinished
Other Specifics
| 1 | |
| — | |
| — | |
| — | |
| — | |
| 138X125 | |
| — | |
| — | |
| — | |
| — | |
| Not in DB | |
| — | |
| — | |
| — | |
| — |
Tax History
| Year | Property Taxes |
|---|---|
| 2024 | $4,742 |
Contact Agent
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Contact Agent
Listing Provided By
RE/MAX Choice
