1204 S Lincoln Avenue Urbana, IL $ 1,200,000
1204 S Lincoln Avenue
$ 1,200,000
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1204 S Lincoln Avenue

Urbana, IL, 61801
$ 1,200,000
Baths0.0 Sq 17,255

Monthly Estimate*

$ 7,976

1204 S Lincoln Avenue, Urbana, IL 61801 - Image 1
Studio

Multi-Family Home for sale in Urbana, IL

for $1,200,000. This 17,255 square foot home was built in 1918 on a lot size of 0.44.

This building is beautiful and is exploding with charm. Built in 1918, this property was designed as a fraternity house but has so much potential to be used for other purposes. It is zoned R-7 University Residential Zoning District, which permits a boarding or rooming house, dormitory dwelling, community living facility, multiple-unit common-lot-line, church, temple, business mixed-use planned unit development, bed and breakfast (owner occupied), and more! This well maintained 3-story, 65 bed property is perfectly located in an opportunity zone and includes 17,255 SF and features 15 bedrooms on the 2nd floor and 9 on the 3rd floor with dorm style bathrooms. The main floor includes a living room, sun room/courtroom, tv room, dining room, and a commercial kitchen that has the prep ability for 100-300 people. The basement includes a laundry room, and storage. This property is in a prime location near campus with close proximity to shopping and restaurants. Don't miss this opportunity!

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Multi-Family Pending

Price

$ 1,200,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 46,633

Style

Lot Size

0.44

Year Built

1918

Town/City

Urbana

County/Region

Champaign

MLS | Web ID

11729262

Features
General
Cooling Central Air
Zoning MULTI
Construction Materials Brick
Year Built 1918
Electric Service - 201 to 600 Amps
Tenant Pays Other
Stories 3
Township Cunningham
Tax Year 2023
Gross Income 0
County Champaign
Net Operating Income 0
Operating Expense 0
Insurance Expense 0
Property Type Commercial Sale Multi Family 5+
Status Pending
Directions Southeast corner of Intersections of Lincoln Ave. and Indiana Ave.
City Urbana
NumberOfUnitsTotal 1
MLS Area Urbana
Lot Size Square Feet 18900
Street Name Lincoln
Tax Annual Amount 46633
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N N
Days on Market 450
Standard Status Pending
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Exterior
Building Area Total 17255
Lot Dimensions 135X140
Lot Size Acres 0.44
Exterior Brick
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Interior
Street Suffix Avenue
Basement Finished Rec/Family Area Storage Space
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* Excluded Features
List By
Green Street Realty

Broker

shannon.collins@greenstrealty.com

Email

Affordability Calculator

$11,862
Per Month
67%
33%
0%
Monthly Principal & Interest
$7,976
Monthly Property Taxes
$3,886
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/26/2024$1,200,000 -17.24% Price Down
3/2/2023$1,450,000 Listed Price

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1204 S Lincoln Avenue, Urbana, IL, 61801 is a Multi-Family Home for sale at $1,200,000 with 17,255 sqft and a lot size of 0.44. 1204 S Lincoln Avenue is a studio with 0.0 baths and was built in 1918. The property's zip code is 61801 which is in Urbana, IL