512 W Clark Street Champaign, IL 61820
This "Dutch Colonial Revival" home features 5 bedroom, 2 full baths, a multi-unit income property. There are separate entries and multi meters. 2 Bedrooms and 1 Bath on the first level, 3 bedrooms, 1 bath and kitchen on the second level and Recreation/Studio on the third level. Beautiful woodwork and Hardwood floors throughout. Entire house is leased until the end of 2024 and will be sold subject to that lease. Zoned for nine apartments, three stories with access from two streets on the corner and a public alley at the rear. Great location just three blocks from the thriving downtown scene where "Friday Night Live" happens throughout the summer. Convenient to shopping, coffee, medical, restaurants, etc. INVESTORS NOTE: 2024 income - $3250 per month plus utilities. Cash on cash +8% return on investment after taxes and insurance with upside. Can be leveraged.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyChampaign
- Taxes$6,037
- HOA/Condo/Coop Fees$0
- Days on Site41 Days
- MLS StatusActive
- MLS ID Number12022857
- Home Size Source N/A
- Year Built1900
- Lot Size Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Style Colonial
- Parking Off Alley
- Parking Spaces 4
- Sewer Public Sewer
- Basement Partial
- Water Public
- Property Sub Type Multi Family
- Foundation Block
- Zoning MULTI
- General Information None
- Rooms Total 10
- Lot Size Less Than .25 Acre
- Lot Features Corner Lot
- Parking Total 4
Interior Features
- Heating Natural GasElectricForced AirBaseboard
Exterior Features
- Waterfront Property No
- Lot Corner Lot
Community Features
- Township Champaign
- MLS Area Champaign, Savoy