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309 W Springfield Avenue, Urbana, IL 61801
$504,000
309 W Springfield Avenue, Urbana, IL 61801View this property at 309 W Springfield Avenue, Urbana, IL 61801
309 W Springfield AvenueUrbanaIL61801
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Property Description
Welcome to this prime investment opportunity in the heart of Urbana! This well-maintained 6-unit building, with a new roof, gutters & siding and outside stairway in '22, offers an excellent blend of modern convenience and strategic location. The building is thoughtfully designed with three units on each floor, providing a consistent and efficient layout for all residents. Each unit in the building features a well-designed floor plan with two bedrooms and one bathroom, ensuring a comfortable and functional living space. Unit 3 and unit 5 have recently been remodeled. The property boasts strong rental potential, making it an ideal choice for investors seeking a reliable income stream. Its strategic location between the UIUC campus and downtown Urbana offers residents convenient access to both academic and recreational pursuits.
Full Property Details
Full Property Details for 309 W Springfield Ave
General
- Sold For: $504,000
- Taxes: $12,356 (2022)
- Status: Closed
- Type: Commercial
- MLS ID: 11969828
- Added to Site: 83 day(s) ago
Location
- Area: Urbana
- County: Champaign
- Driving Directions: From Lincoln, East on Springfield to building
Heating & Cooling
- Cooling Type: Window Unit(s)
- Heating Type: Baseboard
Structural Information
- Stories/Levels: 2
- Year Built: 1977
- Built Before 1978: Yes
Lot Features
- Lot Dimensions: 57 x 115
Financial Considerations
- Operating Expenses: $22,686
- Assessment Year: 1977
- Tax Amount: $12,356
- Tax Year: 2022
- Tenant Pays: Electricity, Sewer
Disclosures and Reports
- Property ID: 922117135003
Listed by Taylor Realty Associates
Sold by Coldwell Banker R.E. Group
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Schools
Schools serving 309 W Springfield Ave
School District:Urbana School District 116
Rating | Name | Grades | Distance |
---|---|---|---|
312 W Oregon St, Urbana, IL 61801 | K-5 | 0.3 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 309 W Springfield Ave
Date
Details
Price
Change
Source
4/25/2024
Sold
$504,000
-8.35%
MLS
2/07/2024
Listed
$549,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
309 W Springfield Avenue, Urbana, IL 61801 (MLS# 11969828) is a Commercial property that was sold at $504,000 on April 25, 2024. Want to learn more about 309 W Springfield 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.