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About the Listing 95356 - 952251
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.
Listing Highlights for 631 E Grove Ave
Status
Active
Days on Site
20
Property Type
Multi-Family
MLS ®
12450400
Year Built
1960
Total Square Footage
0
Lot/Acreage
0.73
County
Champaign
Interior Details
- Bedrooms: 0
- Bathrooms: Full
- Appliances:
- Air Cond: Central Air,Window Unit(s)
- Heating: Hot Water,Radiant
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 100x320
- Zoning: MULTI
- Roof: Composition
- Others:
- Sewer:
- Parking Features: 19-30 Spaces,1-5 Spaces,Detached
Financial Details
- Tax Amount: $12,002
- Taxes w/Assessments: N/A
- Tax/Property ID: 200335376037
- Tax Year: 2024
Payment Calculator
Monthly Payment
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Years
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Listing Location
Questions About..
631 E Grove Ave Rantoul, IL 61866
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