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1204 S Lincoln Avenue, Urbana, IL 61801
$1,200,000
1204 S Lincoln Avenue, Urbana, IL 61801View this property at 1204 S Lincoln Avenue, Urbana, IL 61801
1204 S Lincoln AvenueUrbanaIL61801
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Property Description
This building is beautiful and is exploding with charm. Built in 1918, this property was designed as a fraternity house but has so much potential to be used for other purposes. It is zoned R-7 University Residential Zoning District, which permits a boarding or rooming house, dormitory dwelling, community living facility, multiple-unit common-lot-line, church, temple, business mixed-use planned unit development, bed and breakfast (owner occupied), and more! This well maintained 3-story, 65 bed property is perfectly located in an opportunity zone and includes 17,255 SF and features 15 bedrooms on the 2nd floor and 9 on the 3rd floor with dorm style bathrooms. The main floor includes a living room, sun room/courtroom, tv room, dining room, and a commercial kitchen that has the prep ability for 100-300 people. The basement includes a laundry room, and storage. This property is in a prime location near campus with close proximity to shopping and restaurants. Don't miss this opportunity!
Full Property Details
Full Property Details for 1204 S Lincoln Ave
General
- Price: $1,200,000
- Taxes: $41,526 (2021)
- Status: Active
- Type: Commercial
- MLS ID: 11729262
- Updated: 4/3/2024
- Added to Site: 426 day(s) ago
Additional Information
- Security/Safety: Sprinklers
Parking
- Parking Features: 6 to 12 Spaces, Paved
Location
- Area: Urbana
- County: Champaign
- Township: Cunningham
- Driving Directions: Southeast corner of Intersections of Lincoln Ave. and Indiana Ave.
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Central Building Heat, Steam
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Stories/Levels: 3
- Square Feet: 17,255
- Year Built: 1918
- Built Before 1978: Yes
Lot Features
- Lot Size (Acres): 0.44
- Lot Size (Sq. Ft.): 18,900
- Lot Dimensions: 135 x 140
- Zoning: MULTI
Financial Considerations
- Security Deposit: Sprinklers
- Assessment Year: 1918
- Tax Amount: $41,526
- Tax Year: 2021
Disclosures and Reports
- Property ID: 932117304001
Listed by Green Street Realty
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Schools
Schools serving 1204 S Lincoln Ave
School District:Urbana School District 116
Rating | Name | Grades | Distance |
---|---|---|---|
312 W Oregon St, Urbana, IL 61801 | K-5 | 0.6 mi | |
1201 S Vine St, Urbana, IL 61801 | 6-8 | 0.7 mi | |
1002 S Race St, Urbana, IL 61801 | 9-12 | 0.6 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1204 S Lincoln Ave
Date
Details
Price
Change
Source
3/26/2024
Price Reduced
$1,200,000
-17.24%
MLS
3/02/2023
Listed
$1,450,000
-34.09%
MLS
8/01/2017
Sold
$2,200,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1204 S Lincoln Ave
Year
Property Taxes
Change
Tax Assessment
Change
2021
$40,613
-7%
$376,220
-7%
2022
$43,695
11%
$403,690
11%
2020
$39,290
21%
$365,260
18%
2019
$32,347
20%
$309,540
18%
2018
$27,061
5%
$261,940
8%
2017
$25,814
1%
$241,530
—
2016
$25,672
-1%
$241,530
—
2015
$25,956
1%
$241,530
—
2014
$25,605
1%
$241,530
—
2013
$25,269
12%
$241,530
—
2012
$22,632
—
$241,530
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1204 S Lincoln Ave
1204 S Lincoln Avenue, Urbana, IL 61801 (MLS# 11729262) is a Commercial property. 1204 S Lincoln Avenue is currently listed for $1,200,000 and was received on March 02, 2023. Want to learn more about 1204 S Lincoln Avenue? Do you have questions about finding other Commercial real estate for sale in Urbana? You can browse all Urbana real estate or contact a Coldwell Banker agent to request more information.