302 South Busey Avenue

Urbana, IL 61801

$1,850,000
Price
42
Beds
18
Baths
8
1/2 Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Very desirable U of I Campus Location with great value add opportunity! This 10 unit, 3 story apartment building includes 8-4 Bedroom and 2-5 Bedroom Apartments. All units includes a full appliance package featuring a Stove, Refrigerator, Dishwasher, Microwave, Garbage Disposal, and Washer and Dryer. The property offers a 2nd Floor Sun Deck with bike storage. Parking is provided by virtue of open and carport parking, with a large sundeck established over the roof of the carport. Ten spaces are provided,...Very desirable U of I Campus Location with great value add opportunity! This 10 unit, 3 story apartment building includes 8-4 Bedroom and 2-5 Bedroom Apartments. All units includes a full appliance package featuring a Stove, Refrigerator, Dishwasher, Microwave, Garbage Disposal, and Washer and Dryer. The property offers a 2nd Floor Sun Deck with bike storage. Parking is provided by virtue of open and carport parking, with a large sundeck established over the roof of the carport. Ten spaces are provided, seven of which lie in a carport fashion. Fiber Internet ran throughout the building with ethernet hook ups in living rooms and all bedrooms. Across from the MTD Green Line and a short walk to Campus!
  1. Listed by Shannon Collins • Green Street Realty
  2. Listed by Katie Meints • Green Street Realty Branch

Property Details for 302 South Busey Avenue

Area
Urbana
Township
Cunningham
Zoning
MULTI
LISTING UPDATED: 11/12/2024 12:07 AM

Property Details for 302 South Busey Avenue

StatusActive
MLS #12201891
Days on Market11
Taxes$57,758 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Corridor-Exterior Entrance
Year Built1977
Lot Size-
CountyChampaign County

Virtual Tour

Building Information for 302 South Busey Avenue

Stories3Residences10Year Built1977Building Size-Lot Size-

Property Information for 302 South Busey Avenue

General Information
Addtl Parking Information
  • Outdoor Parking: Covered,Other
Location and General Information
  • Frontage Type: City Street
  • Information: 48-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Air, Central Individual
  • # Of Washers: 10
  • Grid: 56
  • Heat/Ventilation: Central Heat/Indiv Controls,Forced Air
  • # Of Refrigerators: 10
  • # Of Dryers: 10
  • # Of Disposals: 10
  • # Of Dishwashers: 10
  • Num of Baths: 18.8
Property/Lot Information
  • Tenant Pays: Varies by Tenant
  • Built Before 1978: Yes
  • Approximate Age: 36-50 Years
  • Multi-Family Type: Corridor-Exterior Entrance,Flats,Condo/Townhouse
  • Lot Dimensions: 53.75 X 169.34 X 121.5 X 53.92 X 67.75 X 115.42
  • Stories: 3
  • Construction: Wood Frame
  • Building Area Total: 14518
  • Lot Size Source: County Records
  • # Of Ranges: 10
  • MRD_UNC: No
Property and Assessments
  • Possible Use: Multi-Family
  • Public Document Count: 0
  • Photos Count: 12
Miscellaneous
  • Current Use: Multi-Family
  • Land Amenities: Curbs and Gutters,Lighting/Exterior,Sidewalks,Cable Ready
  • Location: Public Transport Avail
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: $.00
  • Fuel Expense: $.00
  • Gross Income: $216,533.00
  • Gross Scheduled Income: $269,407.00
  • Insurance Expense: $.00
  • Maintenance Expense: $.00
  • Expense Year: 2024
  • Janitor Expense: 0
  • Total Monthly Income: 22451
  • Net Operating Income: $127,456.00
  • Operating Expense: $141,949.00
  • Other Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $.00
Unit 1
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 4
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 6
Unit 2
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 4
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 2
Unit 3
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 5
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 2
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 302 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 302 South Busey Avenue

Taxable ValueLand$84,150Additions$458,850Total$543,000
Tax Record2023$57,759 ($4,813 / month)
Home Facts
StyleMulti-Family Dwelling (2-4)CountyCHAMPAIGNAPN922117107017

Schools near 302 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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302 South Busey Avenue is a multi-family home for sale in Urbana, IL 61801. This property was listed for sale on November 6, 2024 by Green Street Realty, it's currently listed at $1,850,000. It has been on the market for a total of 11 days and was last sold on May 20, 2022. This listing's school district is Urbana School District 116. Nearby schools include Leal Elementary School, Urbana Middle School and Urbana High School. 302 South Busey Avenue is a 42-bed, 22-bath, multi-family home built in 1977.

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 Green Street Realty; Green Street Realty Branch

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 11/12/2024 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.