About 512 West Clark Street
This "Dutch Colonial Revival" home features 5 bedroom, 2 full baths, a multi-unit income property. There are separate entries and multi meters. 2 Bedrooms and 1 Bath on the first level, 3 bedrooms, 1 bath and kitchen on the second level and Recreation/Studio on the third level. Beautiful woodwork and Hardwood floors throughout. Entire house is leased until the end of 2024 and will be sold subject to that lease. Zoned for nine apartments, three stories with access from two streets on the corner and a public alley at the rear. Great location just three blocks from the thriving downtown scene where "Friday Night Live" happens throughout the summer. Convenient to shopping, coffee, medical, restaurants, etc. INVESTORS NOTE: 2024 income - $3250 per month plus utilities. Cash on cash +8% return on investment after taxes and insurance with upside. Can be leveraged.
Features of 512 West Clark Street
| MLS® # | 12022857 |
|---|---|
| Price | $325,000 |
| Bedrooms | 5 |
| Bathrooms | 2.00 |
| Acres | 0.00 |
| Year Built | 1900 |
| Type | Residential Income |
| Sub-Type | Two to Four Units |
| Style | Colonial |
| Status | Active |
Community Information
| Address | 512 West Clark Street |
|---|---|
| Area | Champaign, Savoy |
| City | Champaign |
| County | Champaign |
| State | IL |
| Zip Code | 61820 |
Amenities
| Parking Spaces | 4 |
|---|---|
| Parking | Off Alley |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Natural Gas, Electric, Forced Air, Baseboard |
|---|---|
| Fireplace | No |
| Has Basement | Yes |
| Basement | Partial |
Exterior
| Exterior | Vinyl Siding |
|---|---|
| Lot Description | Corner Lot |
| Foundation | Block |
School Information
| District | 4 |
|---|---|
| Elementary | Unit 4 Of Choice |
| Middle | Champaign/Middle Call Unit 4 351 |
| High | Central High School |
Additional Information
| Days on Market | 30 |
|---|---|
| Zoning | MULTI |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Coldwell Banker R.E. Group |
|---|