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Listed by Jeanette Duringof TOWN & COUNTRY REALTY,LLP
$ 450,000
Est. payment /mo
Pending
631 E Grove Avenue Rantoul, IL 61866
0.75 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 12450400
Year Built 1960
Annual Tax Amount $12,001
Tax Year 2024
Lot Size 0.750 Acres
Lot Dimensions 100x320
Property Sub-Type Multi Family 5+
Property Description
14 UNIT COMPLEX. Incredible investment opportunity with strong upside potential! 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 front 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.
Location
State IL
County Champaign
Zoning MULTI
Interior
Cooling Central Air, Window Unit(s)
Fireplace N
Exterior
View Y/N true
Roof Type Composition
Building
Structure Type Brick,Other,Combination
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