Name: 631 E Grove Avenue IL, Rantoul | MLS® 12450400
SKU: 12450400
Price: 450000.0 USD
Availability: InStock

$450,000 Sale

Listed 8 hours ago

631 E Grove Avenue IL

MLS® 12450400 Multi Family 5+

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Beds · 0

Baths · 0

Parking · -

Sqft · -

Est. mortgage

$1,707/mo

Property Taxes

$12,001.76/yr

Association Fee

$0.00/mo

Key Facts

Key facts for 631 E Grove Avenue IL

Property Type

Commercial

Parking

MLS #

12450400

Size

Basement

Listed on

Lot size

Tax

$12,001.76 /yr

Days on Market

Year Built

1960

Maintenance Fee

Description

Incredible investment opportunity with strong upside potential! This 14-unit complex currently has only half the units occupied, generating over $4,400 per month in rental income. With repairs and updates to the remaining units, investors can maximize cash flow by bringing all 14 units online. The f...ront brick building features a 3-bedroom, 1-bath unit with a basement that could easily be finished to add a 4th bedroom and an additional half bath, increasing rental value. The property also includes a shared laundry facility, an oversized one-car garage for maintenance and storage, a lot with ample parking and a common courtyard for tenants. This property is being offered in "AS-IS" condition. With steady rental demand and plenty of room to add value, this property offers excellent income growth and long-term return on investment.

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Full Property Details

Interior

Washrooms

Heating Source

Hot Water,Radiant

Heating Type

Hot Water,Radiant

Air Conditioning

Central Air,Window Unit(s)

Washrooms

Heating Source

Hot Water,Radiant

Heating Type

Hot Water,Radiant

Air Conditioning

Central Air,Window Unit(s)

Exterior

Acreage

0.75

Lot Size

0.75 acres

Lot Dimensions

100x320

Parking Spaces

Total Parking Spaces

Garage Spaces

Zoning

MULTI

Acreage

0.75

Lot Size

0.75 acres

Lot Dimensions

100x320

Parking Spaces

Total Parking Spaces

Garage Spaces

Zoning

MULTI

Building Description

Property Type

Commercial Sale

Home Type

Commercial

Subtype

Multi Family 5+

Year Built

1960

Roof Type

Composition

New Construction

Construction Materials

Brick,Other,Combination

Property Type

Commercial Sale

Home Type

Commercial

Subtype

Multi Family 5+

Year Built

1960

Roof Type

Composition

New Construction

Construction Materials

Brick,Other,Combination

Community

County

Champaign

County

Champaign

Taxes & Fees

Taxes

$12,001.76 /yr

Tax Year

2024

HOA Fee

$0.00 /mo

Taxes

$12,001.76 /yr

Tax Year

2024

HOA Fee

$0.00 /mo

Other

Directions

From Route 45 in Rantoul head East on Grove Avenue

Directions

From Route 45 in Rantoul head East on Grove Avenue

Grant Alexander

Email: [email protected] Cell: 708-573-0474