Sold
Last Sold Price
76 beds

1320 McCullough St, Rantoul, IL 61866

Multi FamilyProperty Type
4.96 acresLot Size
1950Year Built
100 carsParking Spaces

Description

Calling all Investors! Cash flow! Here you go! 40 Units! This property features 32 two bedroom Units and 8 one bedroom units! The two bedroom units feature a combined living room and kitchen along with separate sink and bathroom rounding in at about 712 Sq Ft. The one bedroom units feature a kitchen/living room area with a bedroom and 1 bathroom right around 593 sq ft. There is also a duplex on site featuring two bedrooms, 1 bath, living/kitchen area for a total of 755 Sq Ft. The property features...Calling all Investors! Cash flow! Here you go! 40 Units! This property features 32 two bedroom Units and 8 one bedroom units! The two bedroom units feature a combined living room and kitchen along with separate sink and bathroom rounding in at about 712 Sq Ft. The one bedroom units feature a kitchen/living room area with a bedroom and 1 bathroom right around 593 sq ft. There is also a duplex on site featuring two bedrooms, 1 bath, living/kitchen area for a total of 755 Sq Ft. The property features new metal roofs put on in 2016 and updated baseboard heat for the units rented. This property has 3 separate parcels all adding up to just a little under 5 acres in the growing community of Rantoul! The one bed units go for $545 per month and the two bed units for $645 per month. All utilities included with rent with some units converted already to electric heat. Some units still need heat conversion, repairs, and paint. Great location with tons of parking! This one just really needs a hungry investor who wants to fill this up and have a great investment!

    Sold By REALTY 2000,INC

    • Listed by: Nate Evans 217.239.7113 nate@thenateevansgroup.com • eXp Realty,LLC-Maho
    • Listed by: Matt Walters 217.239.7113 matt@neghomes.com • eXp Realty,LLC-Maho
    Listing closed: 10/01/2021 12:00 AM • Source: MRED as distributed by MLS GRID, MLS#: 11043028
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    Recent comparable sales

    Median sold price

    $275,000

    Avg days on market

    255

    Sale-to-list ratio

    91.6%

    Rantoul, IL

    9 comparable properties found

    1

    $496,000

    Sold 03/09/26

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    Unavailable
    Square Feet
    Unavailable
    Acres
    2

    $475,000

    Sold 06/30/26

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    Unavailable
    Square Feet
    0.24
    Acres
    3

    $312,000

    Sold 08/13/25

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    Unavailable
    Square Feet
    Unavailable
    Acres
    4

    $300,000

    Sold 12/03/24

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    Unavailable
    Square Feet
    Unavailable
    Acres
    5

    $275,000

    Sold 03/02/26

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    Unavailable
    Square Feet
    Unavailable
    Acres
    $78,500 | 1316 Doolittle Boulevard, Rantoul, IL 61866
    1/3
    6

    $78,500

    Sold 02/14/25

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    Unavailable
    Square Feet
    6.03
    Acres
    a view of a wooden door
    1/4
    7

    $17,000

    Sold 05/15/25

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    Unavailable
    Square Feet
    0.92
    Acres
    8

    $36,000

    Sold 06/25/26

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    Unavailable
    Square Feet
    Unavailable
    Acres
    9

    $140,000

    Sold 07/09/25

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    Unavailable
    Square Feet
    0.12
    Acres

    Location

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    $3,269 per month

    30 year fixed, 7.03% Interest

    Principal and Interest

    $2,242

    Property Taxes

    $1,027

    HOA Dues

    $0

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    Property Information for 1320 McCullough Street

    Property Details

    • Taxes: $12,320 / year
    • MLS Type: Multi Family 5+ / Corridor-Interior Entrance
    • Area: Dewey / Fisher / Flatville / Foosland / Gifford / Ludlow / Penfield / Rantoul / Thomasboro
    • Air Conditioning Type: None
    • Num of Interior Fireplaces: 0
    • Zoning: MULTI

    Building Information

    • Stories: 2
    • Residences: 42
    • Year Built: 1950
    • Lot Size: 4.96 AC / 216,216 SF

    General Information

    Addtl Parking Information
    • Outdoor Parking: Over 100 Spaces,Common Parking
    Location and General Information
    • Frontage Type: City Street
    • Information: Seller's Disclosure,Show-Call Listing Office,48-Hr Notice Required,City,Othr-Call List Agent,Profit & Loss Avalia,Vacant Land
    Taxes and HOA Information
    • Additional Parcels: Yes

    Property Information

    Interior Features
    • Air Conditioning: None
    • Electric: Circuit Breakers, Service - 0 to 100 Amps
    • # Of Washers: 0
    • Basement Description: None
    • Grid: 0
    • Heat/Ventilation: Electric
    • # Of Window/Ac: 0
    • # Of Refrigerators: 0
    • Washer/Dryer Lsd: No
    • Misc Inside: Inside Corridor/s
    • # Of Dryers: 0
    • # Of Disposals: 0
    • # Of Dishwashers: 0
    • Num of Baths: 0.0
    Exterior Features
    • Misc Outside: Courtyard,Enclosed Stairs
    Utilities / Equipment
    • Utilities: Sanitary Sewer, Sewer-Storm Available, Water-Municipal
    Property/Lot Information
    • Owners Association: No
    • Tenant Pays: Electricity, Sewer
    • Built Before 1978: Yes
    • Approximate Age: Older
    • Multi-Family Type: Corridor-Interior Entrance
    • Lot Dimensions: 572 X 378
    • Lot Size Square Feet: 216216.0
    • Stories: 2
    • Exterior Building Type: Block
    • Construction: Block
    • Roof Type: Metal
    • Fire Protection: Hydrants On Site,Smoke or Fire Protectors
    • Roof Structure: Pitched
    • Foundation Details: Concrete Perimeter
    • Building Area Total: 38640
    • # Of Ranges: 0
    • Conversion: Y
    • MRD_UNC: No
    Property and Assessments
    • Possible Use: Multi-Family
    • Buyer Financing: Conventional, FHA, Owner May Help/Assist
    • Documents Available: Rent Roll,Floor Plans and Specs,Tax Bill,Operating Statement
    • Public Document Count: 3
    • Document Date: 2021-04-05T19:34:29
    • Photos Count: 3
    Miscellaneous
    • Current Use: Multi-Family
    • Land Amenities: Curbs and Gutters,Sidewalks,Cable Ready
    • Location: Corner,Park Adjacent,Public Transport Avail
    Virtual Tour/Additional Media
    • Virtual Tour: None
    • Virtual Tour YN: No

    Multi Family

    Multi-Family Information
    • Number Of Units Total: 42
    Income & Expenses
    • Electric Expense: $64,923.00
    • Fuel Expense: $.00
    • Gross Income: $1.00
    • Gross Scheduled Income: $135,152.00
    • Insurance Expense: $6,401.00
    • Maintenance Expense: $12,503.00
    • Manager Expense: $649.00
    • Electric Expense Source: Combination
    • Known Encumbrances: First Mortgage
    • Expense Year: 2020
    • Insurance Expense Source: Actual
    • Janitor Expense: 00
    • Manager Expense Source: CO
    • Net Operating Income Year: 2020
    • Other Expense Source: Combination
    • Repairs-Decor Expense Source: Combination
    • Trash Expense Source: Broker Projection
    • Total Monthly Income: 1
    • Water Expense Source: Combination
    • Net Operating Income: $4,990.00
    • Operating Expense: $115,833.00
    • Other Expense: $5,500.00
    • Trash Expense: $912.00
    • Water Sewer Expense: $.00
    Unit 1
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 1
    • Unit Type Type: Unit 1
    • Unit Type Units Total: 8
    • # Of Rooms - Unit 1: 3
    • # Of Full Bthrms - Type 1: 1
    • Monthly Income - 1: 0
    Unit 2
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 2
    • Unit Type Type: Unit 2
    • Unit Type Units Total: 32
    • # Of Rooms - Unit 2: 4
    • # Of Full Bthrms - Type 2: 1
    • Monthly Income - 2: 0
    Unit 3
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 2
    • Unit Type Type: Unit 3
    • Unit Type Units Total: 2
    • # Of Rooms - Unit 3: 4
    • # Of Full Bthrms - Type 3: 1
    • Monthly Income - 3: 0
    • Monthly Income Max - 3: 750
    Unit 4
    • Unit Type Beds Total: 0
    • Unit Type Type: Unit 4
    • Unit Type Units Total: 0
    • # Of Rooms - Unit 4: 0
    • Monthly Income - 4: 0
    Unit 5
    • Unit Type Beds Total: 0
    • Unit Type Type: Unit 5
    • Unit Type Units Total: 0
    • # Of Rooms - Unit 5: 0
    • Monthly Income - 5: 0
    Unit 6
    • Unit Type Beds Total: 0
    • Unit Type Type: Unit 6
    • Unit Type Units Total: 0
    • Monthly Income - 6: 0
    Unit 7
    • Unit Type Beds Total: 0
    • Unit Type Type: Unit 7
    • Unit Type Units Total: 0
    • # Of Rooms - Unit 7: 0
    • Monthly Income - 7: 0

    Property History for 1320 McCullough Street

    DateEvent & SourcePriceAppreciation
    Oct 1, 2021

    Sold

    MRED #11043028

    $420,000—
    Apr 6, 2021

    Contingent

    MRED #11043028

    —
    Apr 6, 2021

    Pending

    MRED #11043028

    —
    DateEvent & SourcePrice
    10/01/2021

    Sold

    MRED #11043028

    $420,000
    04/06/2021

    Contingent

    MRED #11043028

    —
    04/06/2021

    Pending

    MRED #11043028

    —

    For completeness, we often displays two records for one sale: the MLS record and the public record.

    Schools near 1320 McCullough Street

    This home is within Rantoul Township Hsd 193 School District.
    Rating
    School
    Type
    Grades
    Distance
    Public - K to 5
    Public - 6 to 8
    Public - 9 to 12
    Public - 5 to 8
    Rating
    School
    Distance
    Broadmeadow Elementary School
    PublicK to 5

    J W Eater Jr High School
    Public6 to 8

    Rantoul Twp High School
    Public9 to 12

    Rise Academy at JW Eater
    Public5 to 8

    School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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    Listing Courtesy of eXp Realty,LLC-Maho

    Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 10/29/2021 03:51 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.