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Listed by Joe Zalabakof KELLER WILLIAMS-TREC
$ 299,900
Est. payment /mo
Active
617 W Springfield Avenue Champaign, IL 61820
7,840 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12485512
Year Built 1903
Annual Tax Amount $3,978
Tax Year 2024
Lot Size 7,840 Sqft
Lot Dimensions 60X132
Property Sub-Type Multi Family 5+
Property Description
Expand your rental portfolio with 617 W Springfield, a 5-unit building located just minutes from downtown Champaign. Each unit is a one-bedroom with its own kitchen and bathroom. Two units have been recently remodeled, while the remaining three units have long-term tenants (with the potential for rent increases.) Significant updates include full exterior repainting, back porch upgrades, a new water heater, a new furnace, and landscaping improvements, all of which enhance both curb appeal and longevity. The property features a coin-operated laundry in the basement. Tenants have individually metered electricity, while water, sewer, and natural gas are included in a monthly utility charge that is part of the rent. A solid investment opportunity in a prime location!
Location
State IL
County Champaign
Zoning MULTI
Rooms
Basement Unfinished
Interior
Cooling Window Unit(s)
Fireplace N
Exterior
View Y/N true
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