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705 E Colorado Avenue Urbana, IL $ 2,500,000
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$ 2,500,000 Get more info
705 E Colorado Avenue
$ 2,500,000
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Share Save

705 E Colorado Avenue

Urbana, IL, 61801
$ 2,500,000
Bedrooms8 Baths0.0 Sq 31,602

Monthly Estimate*

$ 16,616

705 E Colorado Avenue, Urbana, IL 61801 - Image 1
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705 E Colorado Avenue, Urbana, IL 61801 - Image 4
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705 E Colorado Avenue, Urbana, IL 61801 - Image 7
705 E Colorado Avenue, Urbana, IL 61801 - Image 8
705 E Colorado Avenue, Urbana, IL 61801 - Image 9
705 E Colorado Avenue, Urbana, IL 61801 - Image 10
705 E Colorado Avenue, Urbana, IL 61801 - Image 11
705 E Colorado Avenue, Urbana, IL 61801 - Image 12
705 E Colorado Avenue, Urbana, IL 61801 - Image 13
705 E Colorado Avenue, Urbana, IL 61801 - Image 14

Multi-Family Home for sale in Urbana, IL

for $2,500,000 with 8 bedrooms. This 31,602 square foot home was built in 1977 on a lot size of 0.87.

Don't miss your chance to own this well-situated apartment complex! It is perfectly placed in a quiet Urbana neighborhood, but still close to everything Champaign-Urbana has to offer! This building features 1, 2 and 3 bedroom apartments and townhouses. Secured entry and free off-street parking. It is a half block to the Red line and 2 blocks to the Green St, both take you to the central terminal downtown and to the University of Illinois campus. Grocery and convenience shopping nearby and there is fiberoptic internet access to every apartment. This is a great investment opportunity!

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Multi-Family Active

Price

$ 2,500,000

Bedrooms

8

Property Type

Multi-Family

Taxes

$ 65,168

Style

Multi-Family

Lot Size

0.87

Year Built

1977

Town/City

Urbana

County/Region

Champaign

MLS | Web ID

12043161
Features
General
Cooling Central Air
Possession Closing
Zoning MULTI
Construction Materials Wood Frame
Year Built 1977
Tenant Pays Varies by Tenant
Stories 3
Township Cunningham
Tax Year 2023
Current Use Multi-Family
Gross Income 325000
County Champaign
Net Operating Income 190000
Operating Expense 134000
Insurance Expense 0
Property Type Commercial Sale Multi Family 5+
Possible Use Multi-Family
Status Active
Directions Florida South on S Anderson East on Colorado
City Urbana
Total Units 26
MLS Area Urbana
Street Name Colorado
Tax Annual Amount 65168
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N N
Days on Market 17
Standard Status Active
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Exterior
Building Area Total 31602
Lot Dimensions 145.5 X 260.15
Lot Size Acres 0.87
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Interior
Street Suffix Avenue
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* Excluded Features
List By
Green Street Realty

Broker

shannon.collins@greenstrealty.com

Email

Affordability Calculator

$22,046
Per Month
75%
25%
0%
Monthly Principal & Interest
$16,616
Monthly Property Taxes
$5,431
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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THE TIME TO SELL IS NOW!
Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
5/6/2024$2,500,000 Listed Price

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705 E Colorado Avenue, Urbana, IL, 61801 is a Multi-Family Home for sale at $2,500,000 with 31,602 sqft and a lot size of 0.87. 705 E Colorado Avenue has 8 bedrooms, 0.0 baths, and was built in 1977. The property's zip code is 61801 which is in Urbana, IL

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