Urbana, IL 61801,403 S Coler AVE
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Urbana, IL 61801,403 S Coler AVE
Urbana, IL 61801,403 S Coler AVE
Urbana, IL 61801,403 S Coler AVE
Urbana, IL 61801,403 S Coler AVE

$190,000

Est. payment /mo

$194,000

2.1%
Est.Price: ?

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403 S Coler AVE Urbana, IL 61801

4 Beds

2 Baths

SOLD DATE : 02/10/2024

Key Details

Sold Price $190,000

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 11887452

Sold Date 02/10/24

Bedrooms 4

Year Built 1940

Annual Tax Amount $6,131

Tax Year 2022

Lot Dimensions 49.5 X 57.71

Property Description

This is a coveted location that always rents easily. This property has been cared for by the owner and it shows. 403 Coler is a 2 unit property with newer kitchens, fresh and interesting interiors, a spiral staircase, and a loft apartment. Easy to rent. Rented through 7/24. The front unit is a one 3bedroom 1bathroom and rents for 1,100 per month. The backside unit is a loft apartment that rents for 700 per month. Each unit has a parking space and separate entrances. Shared laundry in the basement. Tenants pay their own Heat/Gas/electric and wifi. This is a low maintenance cash flowing investment property in a great neighborhood that I would argue is currently under rented. Close to campus yet tucked into West Urbana. Most comparable 1bedroom units rent for 895 and comps for 3bedroom units range in the 500 per bedroom range. This is a well above average rental with significant cashflow upside for 24-25. Don't miss this!

Location

State IL

County Champaign

Area Urbana

Rooms

Basement Partial

Interior

Heating Natural Gas

Equipment TV-Cable

Fireplace N

Exterior

Exterior Feature Deck

Community Features Sidewalks

Building

Sewer Public Sewer

Water Public

New Construction false

Schools

Elementary Schools Leal Elementary School

Middle Schools Urbana Middle School

High Schools Urbana High School

School District 116 , 116, 116

Others

Ownership Fee Simple

Special Listing Condition None

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Midwest Real Estate Data (MRED) IDX
Listed by Jonah Weisskopf • Weiner Co., Ltd.
Bought with Daniel Gordon • RE/MAX REALTY ASSOCIATES-CHA

Karen Arenson

Advisor | License ID: 471.000309

+1(773) 501-6201

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