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Listing Details

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MLS #
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Neighborhood
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Type
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Built
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School Information

Elementary School
Middle School
High School
School District
116

Description

This three-unit investment property is located only 2.5 blocks from campus! This is an excellent opportunity to "house hack," where you live in one unit and rent the other two, and "live for free," where your rental income can cover your mortgage expense! The two-bedroom basement unit with egress windows has a full bath and kitchen and rents for $599. The first floor 2 bedroom unit, with a living room, full bath, kitchen, and washer and dryer in the unit is currently rented for $825 through August 2022. The second floor 3-bedroom, again with full bath and kitchen was recently rented for $699. With this monthly gross rent income, this investment property is priced to sell. Separately metered for electric, owner pays for natural gas and rebills for water. Newer roof and off street parking!

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© 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or John Lyons Real Estate | Baird & Warner. Based on information submitted to the MRED as of 2021-09-16T17:14:00.34 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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603 W High Street Urbana, IL 61801

  • Price: $198,000
  • Status: Active
  • Updated: 72 min ago
  • MLS #: 11179196
7
Beds
0
Baths
0
½ Baths
N/A
Acres
1906
Built
Neighborhood:
Urbana
County:
Champaign
Area:
Urbana
Elementary School:
Leal Elementary School
Middle School:
Urbana Middle School
High School:
Urbana High School
School District:
116
Property Description
This three-unit investment property is located only 2.5 blocks from campus! This is an excellent opportunity to "house hack," where you live in one unit and rent the other two, and "live for free," where your rental income can cover your mortgage expense! The two-bedroom basement unit with egress windows has a full bath and kitchen and rents for $599. The first floor 2 bedroom unit, with a living room, full bath, kitchen, and washer and dryer in the unit is currently rented for $825 through August 2022. The second floor 3-bedroom, again with full bath and kitchen was recently rented for $699. With this monthly gross rent income, this investment property is priced to sell. Separately metered for electric, owner pays for natural gas and rebills for water. Newer roof and off street parking!
Exterior Features

Exterior Building Type Vinyl Siding Lot Size Less Than .25 Acre Multi Family Type 3 Flat Parking Space/S Parking Features Driveway Parking Onsite Yes Parking Ownership Owned Parking Total 3 Waterfront YN No

Interior Features

Basement Partially Finished Basement Details Full Bedrooms Below Grade 0 Bedrooms Total 7 Full Baths In Building 4 Half Baths In Building 0 Heating Natural GasElectric Rooms Total 12

Property Features

Age 100+ Years Built Before1978 YN Yes Corporate Limits Urbana General Information Commuter Bus New Construction YN No Ownership Fee Simple Rebuilt YN No Sewer Public Sewer Special Listing Conditions None Tax Annual Amount 5818.24 Tax Year 2020 Total Numberof Unitsin Building 3 Township Urbana Type Two To Four Units Water Source Public

Listing information © 2021 Midwest Real Estate Data LLC.
Listing provided courtesy of Keller Williams-Trec.


© 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or John Lyons Real Estate | Baird & Warner. Based on information submitted to the MRED as of 2021-09-16T17:14:00.34 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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