For Sale
$324,800

202 Munroe St Bondville, IL 61815

Five-unit apartment building with high rental income potential.

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional five-unit apartment building presents a compelling investment opportunity in Bondville, Illinois. Located at 202 Munroe St, this mixed-use property boasts a prime corner lot location, offering significant potential for expansion. Imagine adding another five units to this already successful complex, further increasing your return on investment. Each of the existing five units comprises approximately 560 square feet, featuring a comfortable layout with a living room, bedroom, kitchen, and bathroom. Individual utility meters provide convenient tenant billing. The property has benefited from recent upgrades, including a new roof and windows installed in 2010, enhancing energy efficiency and curb appeal. Four of the five units also feature updated furnaces, installed in 2016, ensuring reliable heating for tenants. This income-generating property is situated just minutes from Champaign, providing easy access to amenities and a strong tenant pool. The combination of its existing income stream, expansion potential, and recent improvements makes this a truly remarkable investment opportunity in a desirable location. The property's address is 202 Munroe St, Bondville, IL 61815, within Champaign County.

Highlights

  • Five-unit apartment building investment opportunity in Bondville, IL.
  • Prime corner lot at 202 Munroe St, Bondville, IL 61815 with expansion potential.
  • Each unit is approximately 560 square feet with living room, bedroom, kitchen, and bathroom.
  • Individual utility meters for convenient tenant billing.
  • Recent upgrades include a new roof and windows (2010) and updated furnaces in four units (2016).
  • Minutes from Champaign, offering strong tenant pool and access to amenities.

Property Details for 202 Munroe St

Property type
Mixed-use properties, Apartment buildings
Square Feet
560 SF
Units
5

Location Insight

City
Bondville
County
Champaign
State
Illinois
Latitude
40.112006537602
Longitude
-88.372150826494

FAQs

What type of property is this?
Mixed-use property - Five-unit apartment building with high rental income potential.
Where is the mixed-use property located?
The property is located at 202 Munroe St Bondville, IL.
What is the asking price?
The asking price for this property is $324,800.
What are key features of this property?
This property features: Five-unit apartment building investment opportunity in Bondville, IL.; Prime corner lot at 202 Munroe St, Bondville, IL 61815 with expansion potential.; Each unit is approximately 560 square feet with living room, bedroom, kitchen, and bathroom.
How can I contact the broker?
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202 Munroe St
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