1008 Busey Ave Urbana, IL 61801
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 1008 Busey Ave
- Year built
- 1900
- Property type
- Commercial real estate
Description
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.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Urbana
- County
- Champaign
- State
- Illinois
- Longitude
- -88.2173
- Latitude
- 40.104
