Skip To Content

911 W Springfield Avenue

Urbana, IL 61801
  • $9,950,000
  • STATUS: Active
  • ON SITE: 53 Days
  • MLS #: 11241162
UPDATED: 53 min ago
$9,950,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1985
County:
Area:

School Ratings & Info

Description

Fully leased student housing in an Opportunity Zone on the University of Illinois campus. These 3 buildings are directly across the street from the university. The 77 units are comprised of 44 one-bedroom apartments, 30 two-bedroom units, a single three-bedroom, and 2 four-bedroom apartments. This is the ultimate Opportunity Zone combination of perfect location, below market rents, and value-add potential. Includes 911 W Springfield Ave, 901 W Springfield Ave, and 111 S Lincoln Ave....all on the same block.

Monthly Payment Calculator



© 2021 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 Keller Williams Realty. Based on information submitted to the MRED as of 2021-11-30T13:01:34.807 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
www.bloomingtonareahomes.com/homes/122199576
Print Image

911 W Springfield Avenue Urbana, IL 61801

  • Price: $9,950,000
  • Status: Active
  • On Site: 53 Days
  • Updated: 53 min ago
  • MLS #: 11241162
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1985
Built
Neighborhood:
Urbana
County:
Champaign
Area:
Urbana
Property Description
Fully leased student housing in an Opportunity Zone on the University of Illinois campus. These 3 buildings are directly across the street from the university. The 77 units are comprised of 44 one-bedroom apartments, 30 two-bedroom units, a single three-bedroom, and 2 four-bedroom apartments. This is the ultimate Opportunity Zone combination of perfect location, below market rents, and value-add potential. Includes 911 W Springfield Ave, 901 W Springfield Ave, and 111 S Lincoln Ave....all on the same block.
Exterior Features

Parking Total 100

Interior Features

Cooling Central Air Heat Ventilation ElectricForced AirGasBaseboard

Property Features

Additional Parcels YN Yes Approximate Age 36-50 Years Built Before1978 YN No Current Use Multi-Family Gross Income 743916 Gross Scheduled Income 743916 Insurance Expense 20820 Maintenance Expense 50000 Net Operating Income 487204 Operating Expense 256712 Tax Annual Amount 122196 Tax Year 2020 Tenant Pays Air ConditioningElectricityHeatSewer Total Monthly Income 61993 Township Cunningham Type Multi Family 5+ Zoning Multi

Listing information © 2021 Midwest Real Estate Data LLC.
Listing provided courtesy of Keller Williams-Trec.


© 2021 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 Keller Williams Realty. Based on information submitted to the MRED as of 2021-11-30T13:01:34.807 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
 
https://bt-photos.global.ssl.fastly.net/mred/1280_boomver_2_11241162-1.jpg https://bt-photos.global.ssl.fastly.net/mred/1280_boomver_2_11241162-1.jpg https://bt-photos.global.ssl.fastly.net/mred/1280_boomver_2_11241162-1.jpg
Logo
Keller Williams Realty
2401 East Empire
Bloomington IL, 61704