212 W High St Urbana, IL 61801

Property Details for 212 W High St

Year built

1893

Lot size

0.24 lot acres

Property size

2,204 SF

Property type

Commercial real estate

Description

This exceptional investment opportunity presents a five-unit multi-family building located at 212 W High Street in Urbana, Illinois. The property boasts a total of 2,204 square feet situated on a 0.24-acre corner lot, offering ample green space and curb appeal. Each of the five units is a one-bedroom, one-bathroom apartment. Four covered parking spaces are provided, with additional space available for the fifth tenant and guests. A significant advantage is the building's fully leased status through July 2025, ensuring immediate and consistent rental income. Tenants are responsible for their own electricity costs. Adding to the property's value is a coin-operated laundry facility conveniently located in the basement. The basement unit has recently undergone renovations, including new flooring and a fresh coat of paint. The building features a wrap-around front porch, enhancing its aesthetic appeal and providing tenants with outdoor space. This property represents a solid investment opportunity with a proven track record of consistent occupancy and rental income. The combination of its desirable location, updated features, and long-term lease agreements makes this a compelling investment prospect in the thriving Urbana market. The property's size and layout offer potential for future expansion or value-add improvements.

Location Insight

City

Urbana

County

Champaign

State

Illinois

Longitude

-88.21014

Latitude

40.11008