Urbana, IL 61801,309 W Springfield AVE
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Urbana, IL 61801,309 W Springfield AVE
Urbana, IL 61801,309 W Springfield AVE
Urbana, IL 61801,309 W Springfield AVE
Urbana, IL 61801,309 W Springfield AVE

$504,000

Est. payment /mo

$549,900

8.3%
Est.Price: ?

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309 W Springfield AVE Urbana, IL 61801

SOLD DATE : 04/25/2024

Key Details

Sold Price $504,000

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 11969828

Sold Date 04/25/24

Year Built 1977

Annual Tax Amount $12,356

Tax Year 2022

Lot Dimensions 57X115

Property Description

Welcome to this prime investment opportunity in the heart of Urbana! This well-maintained 6-unit building, with a new roof, gutters & siding and outside stairway in '22, offers an excellent blend of modern convenience and strategic location. The building is thoughtfully designed with three units on each floor, providing a consistent and efficient layout for all residents. Each unit in the building features a well-designed floor plan with two bedrooms and one bathroom, ensuring a comfortable and functional living space. Unit 3 and unit 5 have recently been remodeled. The property boasts strong rental potential, making it an ideal choice for investors seeking a reliable income stream. Its strategic location between the UIUC campus and downtown Urbana offers residents convenient access to both academic and recreational pursuits.

Location

State IL

County Champaign

Area Urbana

Interior

Cooling Window Unit(s)

Fireplace N

Building

Level or Stories 2

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Midwest Real Estate Data (MRED) IDX
Listed by Nick Taylor • Taylor Realty Associates
Bought with Hazem Jaber • Coldwell Banker R.E. Group

Karen Arenson

Advisor | License ID: 471.000309

+1(773) 501-6201

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