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403 S Coler Avenue, Urbana, IL 61801
$190,000
403 S Coler Avenue, Urbana, IL 61801View this property at 403 S Coler Avenue, Urbana, IL 61801
403 S Coler AvenueUrbanaIL61801
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Property Description
This is a coveted location that always rents easily. This property has been cared for by the owner and it shows. 403 Coler is a 2 unit property with newer kitchens, fresh and interesting interiors, a spiral staircase, and a loft apartment. Easy to rent. Rented through 7/24. The front unit is a one 3bedroom 1bathroom and rents for 1,100 per month. The backside unit is a loft apartment that rents for 700 per month. Each unit has a parking space and separate entrances. Shared laundry in the basement. Tenants pay their own Heat/Gas/electric and wifi. This is a low maintenance cash flowing investment property in a great neighborhood that I would argue is currently under rented. Close to campus yet tucked into West Urbana. Most comparable 1bedroom units rent for 895 and comps for 3bedroom units range in the 500 per bedroom range. This is a well above average rental with significant cashflow upside for 24-25. Don't miss this!
Full Property Details
Full Property Details for 403 S Coler Ave
General
- Sold For: $190,000
- Taxes: $6,131 (2022)
- Status: Closed
- Type: Multi-Family
- MLS ID: 11887452
- Added to Site: 238 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 2
Bedrooms
- Total Bedrooms: 4
Additional Information
- Equipment: Cable TV
Exterior
- Exterior Features: Deck
Parking
- Parking Type: None
Location
- Area: Urbana
- County: Champaign
- Driving Directions: NEAR CAMPUS, GO EAST ON GREEN (2 BLKS PAST LINCOLN), THEN SOUTH ON COLER TO HOUSE.
School Information
- School District: 116
- Midd School District: 116
- Elementary School: Leal Elementary School
- Middle School: Urbana Middle School
- High School: Urbana High School
- Private School: Urbana High School
Heating & Cooling
- Heating Type: Natural Gas
Utilities
- Water: Public
Structural Information
- Exterior Const.: Vinyl Siding
- Basement Desc.: Partial
- Year Built: 1940
- Built Before 1978: Yes
Unit Information
- Units in Building: 2
Lot Features
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 49.5 x 57.71
Financial Considerations
- Assessment Year: 1940
- Tax Amount: $6,131
- Tax Year: 2022
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 922117108014
Listed by Weiner Co., Ltd.
Sold by Re/Max Realty Associates-Cha
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Schools
Schools serving 403 S Coler 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 403 S Coler Ave
Date
Details
Price
Change
Source
2/10/2024
Sold
$190,000
-2.06%
MLS
10/16/2023
Price Reduced
$194,000
-2.51%
MLS
9/27/2023
Listed
$199,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
403 S Coler Avenue, Urbana, IL 61801 (MLS# 11887452) is a Multi-Family property that was sold at $190,000 on February 10, 2024. Want to learn more about 403 S Coler Avenue? Do you have questions about finding other Multi-Family real estate for sale in Urbana? You can browse all Urbana real estate or contact a Coldwell Banker agent to request more information.