$800,000
$1,200,000
33.3%For more information regarding the value of a property, please contact us for a free consultation.
1204 S Lincoln AVE Urbana, IL 61801
17,255 SqFt
Key Details
Sold Price $800,000
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
Square Footage 17,255 sqft
Price per Sqft $46
MLS Listing ID 11729262
Sold Date 06/13/24
Year Built 1918
Annual Tax Amount $46,633
Tax Year 2023
Lot Size 0.440 Acres
Lot Dimensions 135X140
Property Description
This building is beautiful and is exploding with charm. Built in 1918, this property was designed as a fraternity house but has so much potential to be used for other purposes. It is zoned R-7 University Residential Zoning District, which permits a boarding or rooming house, dormitory dwelling, community living facility, multiple-unit common-lot-line, church, temple, business mixed-use planned unit development, bed and breakfast (owner occupied), and more! This well maintained 3-story, 65 bed property is perfectly located in an opportunity zone and includes 17,255 SF and features 15 bedrooms on the 2nd floor and 9 on the 3rd floor with dorm style bathrooms. The main floor includes a living room, sun room/courtroom, tv room, dining room, and a commercial kitchen that has the prep ability for 100-300 people. The basement includes a laundry room, and storage. This property is in a prime location near campus with close proximity to shopping and restaurants. Don't miss this opportunity!
Location
State IL
County Champaign
Area Urbana
Zoning MULTI
Interior
Cooling Central Air
Fireplace N
Building
Level or Stories 3
Structure Type Brick
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© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with Shannon Collins • Green Street Realty