Skip To Content

705 E Colorado Avenue

Urbana, IL 61801
  • $1,900,000
  • STATUS: Active Under Contract
  • ON SITE: 92 Days
  • MLS #: 11249923
Under Contract
UPDATED: 220 min ago
$1,900,000
  • 0
    BEDS
  • 0.87
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1977
County:
Area:

School Ratings & Info

Description

Great Opportunity to own a 26 Unit Apartment Building situated in a quiet neighborhood in Urbana! This 3 Story offers a total or 48 Bedrooms, a mix of 1 Bedroom, 2 Bedroom and 3 Bedrooms with a variety of floor plans. Kitchen Appliances include Dishwasher, Microwave & Garbage Disposal. All 2 & 3 Bedrooms include a Washer & Dryer. Shared Laundry Room On Site for 1 BR Apartments without W&D. Fiber Internet ran throughout with ethernet connections in each Living Room & all Bedrooms. 1st Floor Apartments have a Patio, 2nd & 3rd Floors have a Balcony. Secure Entry and Off Street Parking. MTD Bus Lines nearby. 1/2 Block to the Red Line and 2 Blocks to the Green Line which will take you to the Terminal Building by Downtown Champaign and the U of I Campus. Shopping and Dining close by. *Property Taxes have been updated and are correct.

Monthly Payment Calculator



© 2022 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 @properties. Based on information submitted to the MRED as of 2022-01-19T23:57:53.813 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
www.luxhomechicago.com/homes/122562468
Print Image

705 E Colorado Avenue Urbana, IL 61801

  • Price: $1,900,000
  • Status: Active Under Contract
  • On Site: 92 Days
  • Updated: 220 min ago
  • MLS #: 11249923
0
Beds
0
Baths
0
½ Baths
0.87
Acres
1977
Built
Neighborhood:
Urbana
County:
Champaign
Area:
Urbana
Property Description
Great Opportunity to own a 26 Unit Apartment Building situated in a quiet neighborhood in Urbana! This 3 Story offers a total or 48 Bedrooms, a mix of 1 Bedroom, 2 Bedroom and 3 Bedrooms with a variety of floor plans. Kitchen Appliances include Dishwasher, Microwave & Garbage Disposal. All 2 & 3 Bedrooms include a Washer & Dryer. Shared Laundry Room On Site for 1 BR Apartments without W&D. Fiber Internet ran throughout with ethernet connections in each Living Room & all Bedrooms. 1st Floor Apartments have a Patio, 2nd & 3rd Floors have a Balcony. Secure Entry and Off Street Parking. MTD Bus Lines nearby. 1/2 Block to the Red Line and 2 Blocks to the Green Line which will take you to the Terminal Building by Downtown Champaign and the U of I Campus. Shopping and Dining close by. *Property Taxes have been updated and are correct.
Exterior Features

Outdoor Parking 19-30 Spaces Parking Total 28

Interior Features

Cooling Central Air Heat Ventilation Central Heat/Indiv ControlsForced Air Number Of Dishwashers 26 Number Of Dryers 22 Number Of Ranges 26 Number Of Washers 22

Property Features

Additional Parcels YN No Approximate Age 36-50 Years Building Area Total 31602 Built Before1978 YN Yes Contingency Attorney/Inspection Continue To Show Yes Current Use Multi-Family Gross Income 245340 Gross Scheduled Income 245340 Insurance Expense 0 Maintenance Expense 0 Net Operating Income 245340 Operating Expense 0 Ownership Types Limited Liability Corp Possible Use Multi-Family Tax Annual Amount 48646.7 Tax Year 2020 Tenant Pays Varies By Tenant Total Monthly Income 20445 Township Cunningham Type Multi Family 5+ Zoning Multi

Listing information © 2022 Midwest Real Estate Data LLC.
Listing provided courtesy of Re/Max Realty Associates-Maho.


© 2022 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 @properties. Based on information submitted to the MRED as of 2022-01-19T23:57:53.813 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
 
https://bt-photos.global.ssl.fastly.net/mred/orig_boomver_1_11249923-1.jpg https://bt-photos.global.ssl.fastly.net/mred/orig_boomver_1_11249923-1.jpg https://bt-photos.global.ssl.fastly.net/mred/orig_boomver_1_11249923-1.jpg
Logo
@properties
737 North Michigan Avenue, Suite 1800
Chicago IL, 60611