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613 W Church Street

Champaign, IL 61820
  • $205,000
  • STATUS: Active
  • ON SITE: 462 Days
  • MLS #: 10778792
UPDATED: 46 min ago
$205,000
  • 0
    BEDS
  • 0.19
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1890
County:

School Ratings & Info

Description

Looking for location and profitability in the next investment to add your rental portfolio? Look no further, you've found it at 613 W Church, Champaign! This multifamily consists of 3 1 bedroom, 1 bath studio units on the first floor, and 5 1 bedroom Single Room Occupancy (SRO) units that each have their own kitchenette and share 2 common bathrooms. You couldn't ask for a better location, close to downtown Champaign, Westside Park, and immediately adjacent to Champaign Central High School. Bringing in over $3700 per month in gross rents, this is an amazing investment. All units have separate electric meters, and water and natural gas are billed back to the occupants. Featuring low rents, and many very long term renters, there is always a list of people waiting for vacancies. Due to the deferred maintenance associated with an always occupied property, this multifamily unit is being sold in as-is condition. Even greater value may be found in redeveloping the entire structure! Make plans to see this property today!

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© 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ryan Dallas Real Estate. Based on information submitted to the MRED as of 2021-10-17T14:00:34.29 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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613 W Church Street Champaign, IL 61820

  • Price: $205,000
  • Status: Active
  • Updated: 46 min ago
  • MLS #: 10778792
0
Beds
0
Baths
0
½ Baths
0.19
Acres
1890
Built
Neighborhood:
Champaign, Savoy
County:
Champaign
Area:
Champaign, Savoy
Property Description
Looking for location and profitability in the next investment to add your rental portfolio? Look no further, you've found it at 613 W Church, Champaign! This multifamily consists of 3 1 bedroom, 1 bath studio units on the first floor, and 5 1 bedroom Single Room Occupancy (SRO) units that each have their own kitchenette and share 2 common bathrooms. You couldn't ask for a better location, close to downtown Champaign, Westside Park, and immediately adjacent to Champaign Central High School. Bringing in over $3700 per month in gross rents, this is an amazing investment. All units have separate electric meters, and water and natural gas are billed back to the occupants. Featuring low rents, and many very long term renters, there is always a list of people waiting for vacancies. Due to the deferred maintenance associated with an always occupied property, this multifamily unit is being sold in as-is condition. Even greater value may be found in redeveloping the entire structure! Make plans to see this property today!
Exterior Features

Frontage Type City Street Outdoor Parking 1-5 Spaces Parking Total 5

Interior Features

Cooling Window Unit(S) Heat Ventilation ElectricForced AirBaseboard

Property Features

Additional Parcels YN No Approximate Age Older Built Before1978 YN Yes Current Use Multi-FamilySingle Room Occupancy Gross Income 45480 Gross Scheduled Income 45480 Insurance Expense 0 Maintenance Expense 0 Net Operating Income 39550 Operating Expense 1200 Possible Use Multi-FamilySingle Room Occupancy Tax Annual Amount 4730 Tax Year 2019 Tenant Pays ElectricitySewerOther Total Monthly Income 3790 Township Champaign Type Multi Family 5+ Zoning Multi

Listing information © 2021 Midwest Real Estate Data LLC.
Listing provided courtesy of Keller Williams-Trec.


© 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ryan Dallas Real Estate. Based on information submitted to the MRED as of 2021-10-17T14:00:34.29 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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Ryan Dallas Real Estate
4112C Fieldstone Road
Champaign IL, 61822