$449,000

806 W Ohio Street, Urbana, IL 61801

  • 14 beds |
  • 3 baths
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in ——
  • Property Lot Size Icon —— sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 1 year ago

Property Description

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 2025-26 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.

Listing Status:
Active
Listing Office:
Abe Lincoln Realty : 217-840-9978
Listing Agent:
Philip Fiscella : 217-840-9978
MLS ID:
11958215
  • Basement: FinishedFull
  • Heating: Natural GasElectric
  • Parking: On SiteOwnedParking spaces: 10
  • Originating MLS: mred
  • School District: 116
  • County: Champaign
  • Zoning: MULTI932117302006
  • Water: Private
  • Sewer: Public Sewer
  • Source: mred
  • Ownership: Fee Simple

This listing courtesy of Philip Fiscella, Abe Lincoln Realty

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Get Prequalified »
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

L

Leal Elementary School

312 W Oregon St, Urbana, IL, 61801

Grades KG-5

0.49 miles away

U

Urbana Middle School

1201 S Vine St, Urbana, IL, 61801

Grades 6-8

0.66 miles away

U

Urbana High School

1002 S Race St, Urbana, IL, 61801

Grades 9-12

0.54 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.