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305 S Elm Street

Champaign, IL 61820
  • $187,500
  • STATUS: Active
  • ON SITE: 107 Days
  • MLS #: 11393030
UPDATED: 80 min ago
$187,500
  • 5
    BEDS
  • 0.19
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1893
County:

School Information

Elementary School:
High School:
School District:
4

Description

The next addition to your investment property portfolio is 305 S Elm, Champaign! This charming, renovated home has many of the details and character of older construction, but the efficiencies and updates of a much more modern property. Unit A, located on the first floor, is over 1220 square feet and features two bedrooms, two full bathrooms, a living area, and an eat-in kitchen. This unit still has many of the original stained-glass windows, original unpainted woodwork, and functioning pocket doors. This unit is leased for $900 per month, now month-to-month but the renter would like to renew for a longer period of time if it is the buyer's preference. Unit B is located on the second floor and is a 2-bedroom, 1 bathroom unit with an eat-in kitchen, and is leased through August 14 to a longer-term renter for $625 per month. Unit C is a studio unit, with a full bath and a kitchenette. This unit has income potential both as a long-term rental (previously rented for $350 per month). The detached two-car garage has additional income potential. This property has the potential for "house hacking", where you can live in one unit and have the rent from the others pay your mortgage and expenses. The owner pays for water, trash, sewer, lawn care, and electric and gas combined for Units A and C. Unit B is all-electric and paid by the renter. The roof was replaced within the last five years. Property to be sold in AS-IS condition. Hurry, this one will not last long!

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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 Ani Real Estate. Based on information submitted to the MRED as of 2022-08-18T23:59:28.19 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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305 S Elm Street Champaign, IL 61820

  • Price: $187,500
  • Status: Active
  • On Site: 107 Days
  • Updated: 80 min ago
  • MLS #: 11393030
5
Beds
0
Baths
0
½ Baths
0.19
Acres
1893
Built
Neighborhood:
Champaign, Savoy
County:
Champaign
Area:
Champaign, Savoy
Elementary School:
Unit 4 Of Choice
Middle School:
Champaign/Middle Call Unit 4 351
High School:
Central High School
School District:
4
Property Description
The next addition to your investment property portfolio is 305 S Elm, Champaign! This charming, renovated home has many of the details and character of older construction, but the efficiencies and updates of a much more modern property. Unit A, located on the first floor, is over 1220 square feet and features two bedrooms, two full bathrooms, a living area, and an eat-in kitchen. This unit still has many of the original stained-glass windows, original unpainted woodwork, and functioning pocket doors. This unit is leased for $900 per month, now month-to-month but the renter would like to renew for a longer period of time if it is the buyer's preference. Unit B is located on the second floor and is a 2-bedroom, 1 bathroom unit with an eat-in kitchen, and is leased through August 14 to a longer-term renter for $625 per month. Unit C is a studio unit, with a full bath and a kitchenette. This unit has income potential both as a long-term rental (previously rented for $350 per month). The detached two-car garage has additional income potential. This property has the potential for "house hacking", where you can live in one unit and have the rent from the others pay your mortgage and expenses. The owner pays for water, trash, sewer, lawn care, and electric and gas combined for Units A and C. Unit B is all-electric and paid by the renter. The roof was replaced within the last five years. Property to be sold in AS-IS condition. Hurry, this one will not last long!
Exterior Features

Exterior Building Type Vinyl Siding Garage Onsite Yes Garage Ownersite Owned Garage Type Detached Lot Size Less Than .25 Acre Multi Family Type 3 Story Unit/S Parking Details GarageSpace/S Parking Onsite Yes Parking Ownership Owned Parking Total 3 Waterfront YN No

Interior Features

Basement Unfinished Basement Details Partial Bedrooms Below Grade 0 Bedrooms Total 5 Full Baths In Building 3 Half Baths In Building 0 Heating Natural GasElectric Rooms Total 10

Property Features

Age 100+ Years Built Before1978 YN Yes Corporate Limits Champaign General Information None Mls Actual Status Active New Construction YN No Ownership Fee Simple Rebuilt YN No Sewer Public Sewer Special Listing Conditions None Tax Annual Amount 4225.72 Tax Year 2021 Total Numberof Unitsin Building 3 Township Champaign Type Two To Four Units Water Source Public

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


© 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 Ani Real Estate. Based on information submitted to the MRED as of 2022-08-18T23:59:28.19 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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