511 West University Avenue

Champaign, IL 61820

$600,000
Last Sold Price
11
Beds
11
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

11 unit building all one bedroom one bathroom walk up units with laundry and storage in the basement. Limestone exterior with pitched asphalt shingle roof, close to West Side Park and downtown Champaign. Always fully occupied. Other buildings for sale - 205-215 W Vine Tolono 6 Units, 605 W University Champaign 11 Units, 309 Springfield Ave Urbana 6 Units. Other buildings for sale - 205-215 W Vine Tolono 6 Units, 605 W University Champaign 11 Units, 309 Springfield Ave Urbana 6 Units $300,102.80 in...11 unit building all one bedroom one bathroom walk up units with laundry and storage in the basement. Limestone exterior with pitched asphalt shingle roof, close to West Side Park and downtown Champaign. Always fully occupied. Other buildings for sale - 205-215 W Vine Tolono 6 Units, 605 W University Champaign 11 Units, 309 Springfield Ave Urbana 6 Units. Other buildings for sale - 205-215 W Vine Tolono 6 Units, 605 W University Champaign 11 Units, 309 Springfield Ave Urbana 6 Units $300,102.80 in gross income yearly, $25,008/month.
  1. Listed by Mark Panno • KELLER WILLIAMS-TREC

Sold By eXp Realty,LLC-Cha

Property Details for 511 West University Avenue

Area
Champaign, Savoy
Township
Champaign
Num Of Parking Spaces
6.0
LISTING UPDATED: 08/03/2023 12:37 PM

Property Details for 511 West University Avenue

StatusClosed
MLS #11438647
Days on Market132
Taxes$8,794 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Condo/Townhouse
Year Built1950
Lot Size0.20 AC / 8,712 SF
CountyChampaign County

Building Information for 511 West University Avenue

Stories3Residences11Year Built1950Building Size-Lot Size0.20 AC / 8,712 SF

Property Information for 511 West University Avenue

General Information
Location and General Information
  • Information: 24-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: Yes
Property Information
Interior Features
  • Grid: 43
  • Heat/Ventilation: Wall Unit
  • # Of Dishwashers: 0
  • Num of Baths: 11.0
Property/Lot Information
  • Tenant Pays: Electricity
  • Built Before 1978: Yes
  • Approximate Age: 16-25 Years
  • Multi-Family Type: Condo/Townhouse
  • Lot Dimensions: 66X132
  • Stories: 3
  • Foundation Details: Block
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 12
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 11
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $.00
  • Gross Income: $77,447.00
  • Gross Scheduled Income: $77,447.00
  • Insurance Expense: $2,421.00
  • Maintenance Expense: $.00
  • Expense Year: 2021
  • Janitor Expense: 0
  • Total Monthly Income: 6453
  • Net Operating Income: $31,357.00
  • Operating Expense: $31,681.00
  • Other Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 11
Unit 2
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 0
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 511 West University 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 511 West University Avenue

Taxable ValueLand$18,380Additions$94,190Total$112,570
Tax Record2023$10,151 ($846 / month)
Home Facts
StyleMulti-Family Res (5+ Units)CountyCHAMPAIGNAPN422012376001

Schools near 511 West University Avenue

This home is within Champaign Community Unit School District 4.
Rating
School
Type
Grades
Distance
Public - K to 12
Public - 9 to 12
Public - K to 5
Public - K to 5
Rating
School
Distance
Actions Program
PublicK to 12

Central High School
Public9 to 12

Carrie Busey Elementary School
PublicK to 5

Vernon L Barkstall Elementary School
PublicK to 5

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.

Similar Homes

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Similar Sold Homes

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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 08/03/2023 12:37 PM. 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.