631 East Grove Avenue, Rantoul, IL, 61866

$450,000

0.75

Acres

About 631 East Grove Avenue

14 UNIT COMPLEX. Incredible investment opportunity with strong upside potential! Currently has only half the units occupied, generating over $4,400 per month in rental income. With repairs and updates to the remaining units, investors can maximize cash flow by bringing all 14 units online. The front brick building features a 3-bedroom, 1-bath unit with a basement that could easily be finished to add a 4th bedroom and an additional half bath, increasing rental value. The property also includes a shared laundry facility, an oversized one-car garage for maintenance and storage, a lot with ample parking and a common courtyard for tenants. This property is being offered in "AS-IS" condition. With steady rental demand and plenty of room to add value, this property offers excellent income growth and long-term return on investment.

Additional Information: This property is located in the Northern Champaign County / Ford County neighborhood, IL. This 0 bedrooms multi family 5+ property is priced at $450,000.

Facts & Features

MLS® # 12450400
Price $450,000
Bathrooms 0.00
Taxes $12,002
Acres 0.75
Year Built 1960
Type Commercial Sale
Sub-Type Multi Family 5+
Status Active

Community Information

Address 631 East Grove Avenue
Area Northern Champaign County / Ford County
City Rantoul
County Champaign
State IL
Zip Code 61866

Amenities

Is Waterfront No
Has Pool No

Interior

Cooling Central Air, Window Unit(s)
Fireplace No
Has Basement No

Exterior

Exterior Brick, Other, Combination
Roof Composition

Additional Information

Days on Market 64
Zoning MULTI
Foreclosure No
Short Sale No
RE / Bank Owned No
Taxes $12,002

Listing Details

OfficeTOWN & COUNTRY REALTY,LLP

Listing Map

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