Urbana, IL 61801,705 E Colorado AVE
Urbana, IL 61801,705 E Colorado AVE
Urbana, IL 61801,705 E Colorado AVE
Urbana, IL 61801,705 E Colorado AVE
Urbana, IL 61801,705 E Colorado AVE
Urbana, IL 61801,705 E Colorado AVE
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$1,800,000

$1,900,000

5.3%
Est.Price: ?

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Est. payment /mo

31,602 SqFt


SOLD DATE : 05/20/2022

Key Details

Sold Price $1,800,000

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Sold

Purchase Type For Sale

Square Footage 31,602 sqft

Price per Sqft $56

MLS Listing ID 11249923

Sold Date 05/20/22

Year Built 1977

Annual Tax Amount $48,646

Tax Year 2020

Lot Size 0.870 Acres

Lot Dimensions 145.5 X 260.15

Property Sub-Type Multi Family 5+

Property Description

Great Opportunity to own a 26 Unit Apartment Building situated in a quiet neighborhood in Urbana! This 3 Story offers a total or 48 Bedrooms, a mix of 1 Bedroom, 2 Bedroom and 3 Bedrooms with a variety of floor plans. Kitchen Appliances include Dishwasher, Microwave & Garbage Disposal. All 2 & 3 Bedrooms include a Washer & Dryer. Shared Laundry Room On Site for 1 BR Apartments without W&D. Fiber Internet ran throughout with ethernet connections in each Living Room & all Bedrooms. 1st Floor Apartments have a Patio, 2nd & 3rd Floors have a Balcony. Secure Entry and Off Street Parking. MTD Bus Lines nearby. 1/2 Block to the Red Line and 2 Blocks to the Green Line which will take you to the Terminal Building by Downtown Champaign and the U of I Campus. Shopping and Dining close by. *Property Taxes have been updated and are correct.

Location

State IL

County Champaign

Area Urbana

Zoning MULTI

Interior

Cooling Central Air

Fireplace N

Building

Level or Stories 3

Structure Type Wood Frame

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Midwest Real Estate Data (MRED) IDX
Listed by Brian Hannon • RE/MAX REALTY ASSOCIATES-MAHO
Bought with Shannon Collins • Green Street Realty
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