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508 S Mattis Avenue

Champaign, IL 61821
  • $1,590,000
  • STATUS: Active Under Contract
  • ON SITE: 109 Days
  • MLS #: 11487134
Under Contract
UPDATED: 81 min ago
$1,590,000
  • 0
    BEDS
  • 1
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1965
County:

School Ratings & Info

Description

A very unique opportunity to purchase 21 unit complex that is off campus. This complex has 7 one-bedroom apartments with 784 sq ft; 11, two-bedroom units with 840 sq ft, and 3, three-bedroom units with 1100 sq ft. Buildings were recently painted and the location is very convenient. The property has covered parking, beautiful courtyard, on-site laundry and is always 100% rented. Most all apartments have been remodeled and upgraded in the past 4 to 5 years. The current owner has a per-forma which reflects a value of $2.4M. YTD reflects a 6.5% cap. Owner has invested $180,000 in this complex in the last 3 years

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© 2022 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Rossi and Taylor Realty Group. Based on information submitted to the MRED as of 2022-11-26T23:57:58.99 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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508 S Mattis Avenue Champaign, IL 61821

  • Price: $1,590,000
  • Status: Active Under Contract
  • On Site: 109 Days
  • Updated: 81 min ago
  • MLS #: 11487134
0
Beds
0
Baths
0
½ Baths
1
Acres
1965
Built
Neighborhood:
Champaign, Savoy
County:
Champaign
Area:
Champaign, Savoy
Property Description
A very unique opportunity to purchase 21 unit complex that is off campus. This complex has 7 one-bedroom apartments with 784 sq ft; 11, two-bedroom units with 840 sq ft, and 3, three-bedroom units with 1100 sq ft. Buildings were recently painted and the location is very convenient. The property has covered parking, beautiful courtyard, on-site laundry and is always 100% rented. Most all apartments have been remodeled and upgraded in the past 4 to 5 years. The current owner has a per-forma which reflects a value of $2.4M. YTD reflects a 6.5% cap. Owner has invested $180,000 in this complex in the last 3 years
Exterior Features

Parking Total 22

Interior Features

Cooling Central Air Heat Ventilation Forced Air Miscellaneous Inside Laundry Room Number Of Dishwashers 21 Number Of Ranges 21

Property Features

Additional Parcels YN No Approximate Age 36-50 Years Built Before1978 YN Yes Contingency Attorney/Inspection Continue To Show Yes Gross Income 194896 Gross Scheduled Income 194896 Insurance Expense 6350 Maintenance Expense 16468 Mls Actual Status Contingent Net Operating Income 119067 Operating Expense 75829 Possible Use Multi-Family Tax Annual Amount 29247 Tax Year 2021 Tenant Pays Varies By Tenant Total Monthly Income 16241 Township Champaign Type Multi Family 5+ Zoning Multi

Listing information © 2022 Midwest Real Estate Data LLC.
Listing provided courtesy of Keller Williams-Trec: 217-356-6100.


© 2022 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Rossi and Taylor Realty Group. Based on information submitted to the MRED as of 2022-11-26T23:57:58.99 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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