1008 South Busey Avenue

Urbana, IL 61801

$495,000
Price
11
Beds
6
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Apartment building with exquisite Character just 1 block from Lincoln Ave and 6 blocks North of Florida. Fantastic location and space. Vintage classic appeal from the Hardwood Doors, Floors, Trim and so much more. 4 expansive 2 bedroom units, 1 very bright -2 bedroom garden unit and a 1 studio unit. Washer, Dryer in basement for students to use. Great off street parking area for each unit that includes Bike Rack for students. Secondary exterior back staircase with connecting attic storage for owner...Apartment building with exquisite Character just 1 block from Lincoln Ave and 6 blocks North of Florida. Fantastic location and space. Vintage classic appeal from the Hardwood Doors, Floors, Trim and so much more. 4 expansive 2 bedroom units, 1 very bright -2 bedroom garden unit and a 1 studio unit. Washer, Dryer in basement for students to use. Great off street parking area for each unit that includes Bike Rack for students. Secondary exterior back staircase with connecting attic storage for owner or possible future development. These apartments are in great shape with good tenant history, always full each year.
  1. Listed by Eric Porter • The Real Estate Group,Inc

Property Details for 1008 South Busey Avenue

Area
Urbana
Township
Urbana
LISTING UPDATED: 09/19/2024 10:56 AM

Property Details for 1008 South Busey Avenue

StatusActive
MLS #12148787
Days on Market167
Taxes$11,406 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Corridor-Interior Entrance
Year Built1900
Lot Size0.14 AC / 5,940 SF
CountyChampaign County

Building Information for 1008 South Busey Avenue

Stories3Residences6Year Built1900Building Size-Lot Size0.14 AC / 5,940 SF

Property Information for 1008 South Busey Avenue

General Information
Addtl Parking Information
  • Outdoor Parking: 6-12 Spaces
Location and General Information
  • Information: 24-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Window Unit(s)
  • Electric: Circuit Breakers
  • # Of Washers: 1
  • Basement Description: Partially Finished
  • Heat/Ventilation: Gas
  • # Of Refrigerators: 6
  • Washer/Dryer Lsd: No
  • # Of Dryers: 1
  • Num of Baths: 6.0
Exterior Features
  • Misc Outside: Enclosed Stairs
Property/Lot Information
  • Tenant Pays: Varies by Tenant
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Corridor-Interior Entrance
  • Lot Dimensions: 54 X 110
  • Stories: 3
  • Exterior Building Type: Fir
  • Construction: Wood Frame
  • Roof Type: Composition
  • Roof Structure: Wood Joists
  • Foundation Details: Block
  • # Of Ranges: 6
  • MRD_UNC: No
Property and Assessments
  • Public Document Count: 1
  • Document Date: 2024-09-10T19:37:58
  • Photos Count: 29
Miscellaneous
  • Current Use: Multi-Family
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 6
Income & Expenses
  • Electric Expense: $4,778.00
  • Fuel Expense: $.00
  • Gross Income: $6,010.00
  • Gross Scheduled Income: $72,120.00
  • Insurance Expense: $.00
  • Maintenance Expense: $.00
  • Janitor Expense: 0
  • Total Monthly Income: 6010
  • Net Operating Income: $.00
  • Operating Expense: $.00
  • Other Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $2,340.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 1
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 1
Unit 3
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 1
Unit 4
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 1
Unit 5
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 1
Unit 6
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 1
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 1008 South Busey Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1008 South Busey Avenue

Taxable ValueLand$35,880Additions$78,560Total$114,440
Tax Record2023$12,173 ($1,014 / month)
Home Facts
StyleMulti-Family Dwelling (2-4)CountyCHAMPAIGNAPN932117306004

Schools near 1008 South Busey Avenue

This home is within Urbana School District 116.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 12
Rating
School
Distance
Leal Elementary School
PublicK to 5

Urbana Middle School
Public6 to 8

Urbana High School
Public9 to 12

Urbana Gerber School
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1008 South Busey Avenue is a multi-family home for sale in Urbana, IL 61801. This property was listed for sale on September 11, 2024 by The Real Estate Group,Inc, it's currently listed at $495,000. It has been on the market for a total of 167 days and was last sold on May 8, 2021. This listing's school district is Urbana School District 116. Nearby schools include Leal Elementary School, Urbana Middle School and Urbana High School. 1008 South Busey Avenue is a 11-bed, 6-bath, multi-family home built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of The Real Estate Group,Inc

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 09/19/2024 10:56 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.