202 South Lincoln Avenue

Urbana, IL 61801

$855,000
Price
14
Beds
10
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Rare find in C-U. A 10-unit apartment complex for sale at the N/E corner of Green and Lincoln. Very close to campus. Fully occupied. It is managed by JSJ, who will continue if the qualified buyer. Two buildings.Rare find in C-U. A 10-unit apartment complex for sale at the N/E corner of Green and Lincoln. Very close to campus. Fully occupied. It is managed by JSJ, who will continue if the qualified buyer. Two buildings.
  1. Listed by Daniel Cothern • KELLER WILLIAMS-TREC

Property Details for 202 South Lincoln Avenue

Area
Urbana
Township
Cunningham
Zoning
MULTI
LISTING UPDATED: 12/18/2024 12:07 AM

Property Details for 202 South Lincoln Avenue

StatusActive
MLS #12198969
Days on Market49
Taxes$12,516 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Corridor-Interior Entrance
Year Built1956
Lot Size0.27 AC / 11,839 SF
CountyChampaign County

Building Information for 202 South Lincoln Avenue

Stories2Residences10Year Built1956Building Size-Lot Size0.27 AC / 11,839 SF

Property Information for 202 South Lincoln Avenue

General Information
Addtl Parking Information
  • Outdoor Parking: 13-18 Spaces
Location and General Information
  • Frontage Type: City Street, Public Road, Signal Intersection
  • Information: 24-Hr Notice Required,Show-Key in Listing Office
Taxes and HOA Information
  • Association Fee Includes: Parking
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Window Unit(s)
  • Electric: Other
  • # Of Washers: 1
  • Grid: 56
  • Heat/Ventilation: Hot Water
  • # Of Window/Ac: 10
  • # Of Refrigerators: 10
  • # Of Dryers: 1
  • Num of Baths: 10.0
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Air Conditioning, Electricity, Heat, Sewer, Varies by Tenant
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Corridor-Interior Entrance
  • Lot Dimensions: 157.86 X 75
  • Lot Size Square Feet: 11839.0
  • Stories: 2
  • Exterior Building Type: Vinyl Siding, Brick
  • Construction: Other
  • Roof Type: Composition
  • Roof Structure: Pitched
  • # Of Ranges: 10
Property and Assessments
  • Possible Use: Commercial, Multi-Family, Other
  • Public Document Count: 0
  • Photos Count: 4
Miscellaneous
  • Current Use: Multi-Family
  • Land Amenities: Sidewalks
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 10
Income & Expenses
  • Electric Expense: $2,220.00
  • Fuel Expense: $2,220.00
  • Gross Income: $84,300.00
  • Gross Scheduled Income: $84,300.00
  • Insurance Expense: $3,531.00
  • Maintenance Expense: $1,150.00
  • Electric Expense Source: Combination
  • Expense Year: 2017
  • Total Annual Expense Source: Actual
  • Fuel Expense Source: Combination
  • Insurance Expense Source: Actual
  • Janitor Expense: 300
  • Other Expense Source: Owner Projection
  • Repairs-Decor Expense Source: Actual
  • Trash Expense Source: Actual
  • Total Monthly Income: 7025
  • Water Expense Source: Actual
  • Net Operating Income: $30,717.00
  • Operating Expense: $20,805.00
  • Other Expense: $.00
  • Trash Expense: $761.00
  • Water Sewer Expense: $1,302.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 6
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 4
Unit 3
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 0
Unit 4
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 202 South Lincoln 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 202 South Lincoln Avenue

Taxable ValueLand$78,160Additions$91,840Total$170,000
Tax Record2023$18,083 ($1,507 / month)
Home Facts
StyleMulti-Family Dwelling (2-4)CountyCHAMPAIGNAPN922117102005

Schools near 202 South Lincoln 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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202 South Lincoln Avenue is a multi-family home for sale in Urbana, IL 61801. This property was listed for sale on October 31, 2024 by KELLER WILLIAMS-TREC, it's currently listed at $855,000. It has been on the market for a total of 49 days and was last sold on January 6, 2020. This listing's school district is Urbana School District 116. Nearby schools include Leal Elementary School, Urbana Middle School and Urbana High School. 202 South Lincoln Avenue is a 14-bed, 10-bath, multi-family home built in 1956.

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 KELLER WILLIAMS-TREC

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 12/18/2024 12:07 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.