202 South Grove Street, Urbana, IL

$275,000

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0.23

Acres

About 202 South Grove Street

Expand your rental portfolio with 202 S Grove, a fully leased 5-unit building near downtown Urbana. Each unit is a one-bedroom, one-bath with its own kitchen. Three units were recently remodeled, and the other two have long-term tenants. Tenants pay individually metered electric and gas, while water, sewer, and heat are covered by a monthly utility credit. The seller has completed more than $60,000 in capital improvements, including a new high-efficiency hot water radiant heat boiler, a new roof, exterior painting, and full remodels of three units. Located on a large corner lot with R-4 zoning, the property delivers immediate income and offers strong potential for future development or continued value-add work.

Features of 202 South Grove Street

MLS® # 12488685
Price $275,000
Bathrooms 0.00
Acres 0.23
Year Built 1913
Type Commercial Sale
Sub-Type Multi Family 5+
Status Active

Community Information

Address 202 South Grove Street
Area Urbana
City Urbana
County Champaign
State IL
Zip Code 61802

Amenities

Is Waterfront No
Has Pool No

Interior

Cooling Window Unit(s)
Fireplace No
Has Basement No

Exterior

Exterior Stucco
Foundation Block, Concrete Perimeter

Additional Information

Days on Market 7
Zoning MULTI
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeKELLER WILLIAMS-TREC
Contact Info217-356-6100

Listing Map

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