Urbana, IL 61801,1204 S Lincoln AVE

$800,000

Est. payment /mo

$1,200,000

33.3%
Est.Price: ?

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1204 S Lincoln AVE Urbana, IL 61801

17,255 SqFt

SOLD DATE : 06/13/2024

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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Midwest Real Estate Data (MRED) IDX
Listed by Shannon Collins • Green Street Realty
Bought with Shannon Collins • Green Street Realty

Karen Arenson

Advisor | License ID: 471.000309

+1(773) 501-6201

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