806 West Ohio Street, Urbana, IL, 61801

$449,000

14

Beds

3

Baths

About 806 West Ohio Street

Cashflow AND future development potential. Just a good stone's-throw away from the University of Illinois campus, this blue-chip investment property is rented to a group for the 2024-25 school year for 6,100 per month - a 6.1 GRM. Plus another $325 billed back to tenants to cover sewer, trash, and internet. 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.

Additional Information: This property is located in the Urbana neighborhood, IL. This 14 bedrooms two to four units property is priced at $449,000.

Facts & Features

MLS® # 11958215
Price $449,000
Bedrooms 14
Bathrooms 3.00
Taxes $11,290
Acres 0.00
Type Residential Income
Sub-Type Two to Four Units
Status Active

Community Information

Address 806 West Ohio Street
Area Urbana
City Urbana
County Champaign
State IL
Zip Code 61801

Amenities

Parking Spaces 10
Parking On Site, Owned
Is Waterfront No
Has Pool No

Interior

Heating Natural Gas, Electric
Fireplace No
Has Basement Yes
Basement Finished, Full

Exterior

Exterior Asbestos

School Information

District 116
Elementary Leal Elementary School
Middle Urbana Middle School
High Urbana High School

Additional Information

Days on Market 662
Zoning MULTI
Foreclosure No
Short Sale No
RE / Bank Owned No
Taxes $11,290

Listing Details

OfficeAbe Lincoln Realty
Contact Infoinfo@alrproperties.com

Listing Map

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