Description
Looking for a rental property with income already in place? This historic Champaign zerolot offers immediate cash flow and a strong rental history in a location just minutes from downtown Champaign, the University of Illinois, shopping, and restaurants. The main floor features 1 bedroom and 1 full bathroom, while the full finished basement provides a second full bathroom and 2 additional bedrooms, creating a functional layout that maximizes rental potential. Recent improvements include interior updates and the addition of central air conditioning. Whether you're a seasoned investor or looking to purchase your first income-producing property, this is an easy addition to a portfolio with a tenant already in place and producing income from day one. Property is being offered in conjunction with 1912 Southwood Drive (MLS #12680278). The properties may be purchased separately; however, both transactions must close on the same day to accommodate the seller's 1031 exchange requirements. Buy one or buy both, but don't miss the opportunity to add a pair of cash-flowing rental properties to your investment portfolio. Current Tenant pays $1580, and all utilities except owner pays sewage ($25 every 2 months). Tenant will extend their lease in August for another year. Furnace and water heater are 1 year old, newer appliances including washer/dryer. No HOA.
Details
| MLS # | 12680370 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1927 |
| Days On Site | 83 |
| Listing Provided By | The Real Estate Firm LLC | Timothy Leyhe |
Features
| Bed(s) | 3 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 700 |
| Basement | Y |
| Story(s) | 1 |
Interior
| Rooms Total | 6 |
|---|---|
| Cooling | Central Air |
| Heating | Natural Gas, Forced Air |
Exterior
| Construction Materials | Stone |
|---|
Utilities
| Sewer | Public Sewer |
|---|
Taxes
| Tax Year | 2024 |
|---|---|
| Tax Annual Amount | 2256 |
Area Information
| State | IL |
|---|---|
| County | Champaign |
| City | Champaign |
| Zip Code | 61820 |
| Area | Champaign | Savoy |
| School District | Champaign High School |
| Elementary School | Champaign Elementary School |
| High School | Champaign High School |
| Listing VS Median (in 61820) | |
Price: $135,000 low | high Med: $239,900 sqft: 700 low | high Med: 7,000 $ / sqft: $193 low | high Med: $34 On site: 83 low | high Med: 74 | |
Market Activity 61820
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| State | IL |
|---|---|
| County | Champaign |
| City | Champaign |
| Zip Code | 61820 |
| Area | Champaign | Savoy |
| School District | Champaign High School |
| Elementary School | Champaign Elementary School |
| High School | Champaign High School |
| Listing VS Median (in 61820) | |
Price: $135,000 low | high Med: $239,900 sqft: 700 low | high Med: 7,000 $ / sqft: $193 low | high Med: $34 On site: 83 low | high Med: 74 | |