1320 McCullough St

Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

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!
  1. Listed by Nate Evans • eXp Realty,LLC-Maho
    P: (217)-239-7113 C: (217)-493-9297 nate@thenateevansgroup.com
  2. Listed by Matt Walters • eXp Realty,LLC-Maho
    P: (217)-239-7113 C: (217)-417-1202 matt@neghomes.com

Sold By REALTY 2000,INC

Property Details for 1320 McCullough Street

Area
Dewey / Fisher / Flatville / Foosland / Gifford / Ludlow / Penfield / Rantoul / Thomasboro
Num Of Parking Spaces
100.0
Air Conditioning Type
None
Num of Interior Fireplaces
0
Zoning
MULTI
LISTING CLOSED: 10/01/2021 12:00 AM

Property Details for 1320 McCullough Street

StatusClosed
MLS #11043028
Days on Market2
Taxes$12,320 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti Family 5+ / Corridor-Interior Entrance
Year Built1950
Lot Size4.96 AC / 216,216 SF
CountyChampaign County

Location

Add your commute

Building Information for 1320 McCullough Street

Stories2Residences42Year Built1950Building Size-Lot Size4.96 AC / 216,216 SF

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$3,161 per month

30 year fixed, 6.55% Interest

Principal and Interest

$2,135

Property Taxes

$1,027

HOA Dues

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Property Information for 1320 McCullough Street

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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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

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.