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$ 275,000
Est. payment | /mo
7,840 Sqft Lot
$ 275,000
Est. payment | /mo
7,840 Sqft Lot
Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12149514
Year Built 1903
Annual Tax Amount $3,746
Tax Year 2023
Lot Size 7,840 Sqft
Lot Dimensions 60X132
Property Description
Expand your rental portfolio with 617 W Springfield, a fully rented 5-unit building located just minutes from downtown Champaign. Each unit is a one-bedroom with its own kitchen and bathroom. Two units have been recently remodeled, while the remaining three enjoy long-term tenants. Major 2024 updates include full exterior repainting, back porch upgrades, and landscaping improvements, enhancing both curb appeal and longevity. The property features a coin-operated laundry in the basement. Tenants have individually metered electricity, while water, sewer, and natural gas are covered by a monthly utility charge included in the rent. A solid investment opportunity in a prime location!
Location
State IL
County Champaign
Zoning MULTI
Interior
Cooling Window Unit(s)
Fireplace N
Exterior
View Y/N true
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Listed by Joe Zalabak • KELLER WILLIAMS-TREC