$284,000
$299,900
5.3%For more information regarding the value of a property, please contact us for a free consultation.
407 W Elm Street Urbana, IL 61801
4 Beds
6,534 Sqft Lot
Key Details
Sold Price $284,000
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 12193746
Sold Date 11/27/24
Bedrooms 4
Year Built 1903
Annual Tax Amount $6,368
Tax Year 2023
Lot Size 6,534 Sqft
Lot Dimensions 54X115
Property Description
Welcome to 407 W Elm, Urbana, IL - an excellent investment property featuring two fully remodeled units with strong rental income. Unit 1 is a spacious 3-bedroom, 2-bathroom layout, while Unit 2 is a comfortable 1-bedroom, 1-bathroom unit. Both units feature in-unit laundry for tenant convenience. The property also includes an unfinished basement offering shared storage space and a detached two-car garage with a new overhead door that presents additional income potential. With recent upgrades and a prime location, 407 W Elm is a fantastic addition to any rental portfolio.
Location
State IL
County Champaign
Rooms
Basement Full
Interior
Heating Natural Gas, Forced Air
Fireplace N
Exterior
View Y/N true
Building
Sewer Public Sewer
Water Public
New Construction false
Schools
Elementary Schools Leal Elementary School
Middle Schools Urbana Middle School
High Schools Urbana High School
School District 116, 116, 116
Others
Ownership Fee Simple
Special Listing Condition None
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© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with Jon Fisher • MR. LANDMAN