1204 Lincoln Ave Urbana, IL 61801-4705
Property profile & analytics
1204 Lincoln Ave, Urbana, IL 61801-4705
- Residential income homes
Property ID
US28-1116695
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Sigma Tau Gamma / Volunteer Organization / Community Center
Property Details for 1204 Lincoln Ave
- Property type
- Residential income homes
- Property subtype
- Serviced apartments
- APN
- 932117304001
- APU
- 932117304001
Description
This exceptional 17,000 square foot property, situated on a 0.44-acre lot at 1204 S. Lincoln Ave (cross streets: Indiana/Lincoln) in Urbana, Illinois (zip code 61801), presents a unique investment opportunity. Built in 1918, this three-story building was originally designed as a fraternity house, but its R-7 University Residential Zoning allows for diverse uses, including boarding houses, dormitories, community living facilities, and more. The well-maintained structure boasts 15 second-floor bedrooms and 9 third-floor bedrooms, all with dorm-style bathrooms. The main floor features a spacious living room, a sunroom/courtroom, a television room, a formal dining room, and a commercial-grade kitchen, ideal for catering or communal dining. The basement provides ample storage and a laundry room. With its prime location near the University of Illinois campus, this property offers convenient access to shopping and restaurants. The building's significant size (17,000 square feet) and versatile zoning make it an attractive prospect for various uses, promising strong rental income potential. Currently vacant, this property is ready for immediate occupancy and redevelopment. This is a rare chance to acquire a substantial property in a high-demand area.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $800,000
- ML approach
- $800,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Urbana
- County
- Champaign
- State
- Illinois
- Longitude
- -88.2188
- Latitude
- 40.1025
- CBSA code
- 16580
- CBSA name
- CHAMPAIGN-URBANA, IL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$46,634
$57,430
$380,980
$438,410
-
$172,290
$1,142,940
$1,315,230
