Closed

$429,900

502-504 and 506-508 Airport Road, Urbana, IL 61802
8 Beds4 Baths10 days
502-504 and 506-508 Airport Road·Urbana, IL 61802
8Bedrooms
4Bathrooms
1965Year Built
About This Home

This exceptional multi-family property, comprising four distinct units, has undergone a comprehensive renovation, transforming it into a modern and highly desirable living space. Each unit features the following enhancements: New Roof: A brand-new roof ensures long-lasting protection and durability for the entire property. New Water Heaters: All units are equipped with new water heaters, providing reliable and energy-efficient hot water supply. Updated Kitchens and Bathrooms: Each kitchen and bathroom has been meticulously updated with contemporary fixtures, finishes, and appliances, offering both style and functionality. New Flooring: Modern, high-quality flooring has been installed throughout each unit, enhancing aesthetic appeal and comfort. Fresh Paint: A fresh coat of paint in a neutral palette creates a clean, inviting, and move-in-ready atmosphere in every unit. New Septic Systems: septic systems have been installed, ensuring efficient and environmentally friendly waste management. This fully renovated property at 502-504-506-508 Airport Road offers an excellent opportunity for investors or owner-occupiers seeking a turnkey, low-maintenance investment with strong rental potential. The extensive upgrades provide peace of mind and long-term value, making this property a standout choice in the market. Each Unit rents for $1200 a month, the last unit 508 is being renovated currently, so you could be owner occupied and have the other three fully rented.

MLS# 12123799Listed July 29, 2024Residential Income
Property Details

Beds & Baths

Total Bedrooms8
Total Bathrooms4
Total Rooms20

Size & Structure

Year Built1965
Lot Size165X264

Location

CountyChampaign
TownshipSomer
Zip Code61802

Financial

List Price$429,900
Annual Taxes (2023)$8,665
Monthly Tax Est.$722
Parcel #251532476005
Interior Features

Heating

Natural GasElectric

Basement

None
Exterior & Lot

Construction

Vinyl SidingBrick
Utilities & Parking

Sewer

Septic Tank

Water Source

Public

Parking

Off StreetOn SiteOwned
Schools
Elementary
Yankee Ridge Elementary School
District: 116
Middle School
Urbana Middle School
District: 116
High School
Urbana High School
District: 116
Tax & Financial
Annual Taxes
$8,665
Tax Year 2023
Monthly Tax Est.
$722
per month
Property Location

502-504 and 506-508 Airport Road, Urbana, IL 61802Champaign County

$429,900
502-504 and 506-508 Airport Road
8 bd4 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
10 days on market
165X264
$8,665/yr taxes
$2,981
estimated monthly payment
Principal & Interest
$2,259/mo
Property Tax
$722/mo
$429,900
20% — $85,980
3%50%
6.875%
3%12%
Loan Amount
$343,920
Down Payment
$85,980

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
The Real Estate Group,Inc
Agent: Carol Meinhart
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