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806 W Ohio Street, Urbana, IL 61801
$525,000
806 W Ohio Street, Urbana, IL 61801View this property at 806 W Ohio Street, Urbana, IL 61801
806 W Ohio StreetUrbanaIL61801
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Property Description
Cashflow AND future development potential. Just a good stone's-throw away from the University of Illinois campus, this blue-chip investment property is already rented to a group for the 2024-25 school year (rent goes up to $5,825 in August). This stately converted house sports three floors, plus a finished basement. Zoned R-7. Your tenants will appreciate the paved parking out back, and the electric system was updated circa 2009. Tenants pay all utilities. Lessee is a corporate entity, so easy to work with. Owner is a licensed real estate broker.
Full Property Details
Full Property Details for 806 W Ohio St
General
- Price: $525,000
- Taxes: $10,579 (2022)
- Status: Active
- Type: Multi-Family
- MLS ID: 11958215
- Updated: 1/15/2024
- Added to Site: 116 day(s) ago
Interior
- Basement: Full
Rooms
Bathrooms
- Total Bathrooms: 3
- Upper - Full Baths: 3
Bedrooms
- Total Bedrooms: 14
Additional Information
- Other Features: School Bus Service, Commuter Bus
Parking
- Total Spaces: 10
- Parking Ownership: Owned
- Parking Type: Space(s)
- Parking On-Site: Yes
Location
- Area: Urbana
- County: Champaign
- Township: Cunningham
- Driving Directions: From Lincoln Ave, go East on Ohio, house on your lefthand side.
School Information
- School District: 116
- Elem School District: 116
- Midd School District: 116
- High 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, Electric
Utilities
- Sewer: Public Sewer
- Water: Private
Structural Information
- Exterior Const.: Asbestos Siding
- Basement: Yes
- Basement Desc.: Full
- Built Before 1978: Yes
Unit Information
- Units in Building: 2
Lot Features
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 52 x 135
- Zoning: MULTI
Financial Considerations
- Insurance Fee: $1,286
- Tax Amount: $10,579
- Tax Year: 2022
- Pays Sewer: Public Sewer
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 932117302006
Listed by Abe Lincoln Realty
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Schools
Schools serving 806 W Ohio St
School District:Urbana School District 116
Rating | Name | Grades | Distance |
---|---|---|---|
312 W Oregon St, Urbana, IL 61801 | K-5 | 0.5 mi | |
1201 S Vine St, Urbana, IL 61801 | 6-8 | 0.7 mi | |
1002 S Race St, Urbana, IL 61801 | 9-12 | 0.5 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 806 W Ohio St
Date
Details
Price
Change
Source
1/08/2024
Listed
$525,000
128.26%
MLS
12/15/2005
Sold
$230,000
—
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 806 W Ohio St
Year
Property Taxes
Change
Tax Assessment
Change
2021
$9,833
-7%
$91,090
-7%
2022
$10,579
16%
$97,740
15%
2020
$9,146
3%
$85,030
—
2019
$8,886
—
$85,030
-1%
2018
$8,846
-3%
$85,630
—
2017
$9,152
1%
$85,630
—
2016
$9,101
-1%
$85,630
—
2015
$9,202
1%
$85,630
—
2014
$9,078
1%
$85,630
—
2013
$8,959
12%
$85,630
—
2012
$8,024
—
$85,630
—
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 806 W Ohio St
806 W Ohio Street, Urbana, IL 61801 (MLS# 11958215) is a Multi-Family property with 2 units containing 14 bedrooms and 0 full bathrooms. 806 W Ohio Street is currently listed for $525,000 and was received on January 08, 2024. Want to learn more about 806 W Ohio Street? 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.