For Sale
$479,000

1008 Busey AveUrbana, IL 61801

Charming Urbana apartment building, excellent location.

Overview

Added:
Feb 3
Days on market:
63
This well-maintained multi-family property at 1008 S Busey Avenue in Urbana, Illinois, presents a compelling investment opportunity. The building boasts a prime location, just one block from Lincoln Avenue and six blocks north of Florida Avenue, offering convenient access to local amenities and the University of Illinois. The property comprises four spacious two-bedroom units, one bright two-bedroom garden unit, and a studio unit, ensuring consistent occupancy. Each unit benefits from ample off-street parking, including dedicated bike racks, a significant advantage for student tenants. The building's classic charm is evident in its hardwood doors, floors, and trim, creating a desirable living environment. A shared washer and dryer in the basement adds to tenant convenience. The property also features a secondary exterior back staircase leading to attic storage, offering potential for future expansion or owner use. The apartments are in excellent condition and have a history of strong tenant occupancy, ensuring a reliable income stream. This property is an ideal investment for those seeking a well-located, income-producing multi-family asset with significant potential. The asking price is $479,000. The lot size is 0 acres. The property is classified as General Commercial.

Property Details for 1008 Busey Ave

Property type
Year Built
1900

Location Insight

City
Urbana
County
Champaign
State
Illinois
Latitude
40.10403
Longitude
-88.21735
1008 Busey Ave, Urbana, Illinois

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1008 Busey Ave
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