309 W Springfield Ave

Urbana, IL 61801

$504,000
Last Sold Price
12
Beds
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
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Closed 4/25/24
Closed 4/25/24
a view of a house with a yard
a front view of a house with swimming pool
a view of balcony
a living room with furniture
a living room with furniture a flat screen tv and a floor to ceiling window
a bedroom with a bed and a flat screen tv
a living room with furniture and a window
a room with furniture and a chandelier
a bedroom with furniture and a chandelier
a kitchen with a stove a refrigerator and a sink
a white refrigerator freezer and a stove sitting inside of a kitchen
a living room with furniture and a flat screen tv
a bed room with a bed and a couch
a bedroom with a bed and a window
a bedroom with a bed and flat screen tv
a bathroom with a sink mirror and toilet
a view of a entryway door of the house
a room with gym equipment and view of living room
a view of a workspace with furniture and wooden floor
a view of a room with furniture wooden floor and a window
a view of a room with gym equipment
a kitchen with stainless steel appliances granite countertop a refrigerator and a sink
a kitchen with stainless steel appliances granite countertop a refrigerator and a stove
a kitchen with stainless steel appliances granite countertop a sink stove and microwave
a room with furniture and wooden floor
a view of a room with gym equipment
a bedroom with a bed and a mirror
a bedroom with a bed and a window
a bathroom with a sink toilet and shower
a view of a workspace with furniture and wooden floor
a view of a workspace with furniture and a window
a view of swimming pool with outdoor seating and yard
a view of a house with a patio
a front view of a house with a yard

Description

Welcome to this prime investment opportunity in the heart of Urbana! This well-maintained 6-unit building, with a new roof, gutters & siding and outside stairway in '22, offers an excellent blend of modern convenience and strategic location. The building is thoughtfully designed with three units on each floor, providing a consistent and efficient layout for all residents. Each unit in the building features a well-designed floor plan with two bedrooms and one bathroom, ensuring a comfortable and functional...Welcome to this prime investment opportunity in the heart of Urbana! This well-maintained 6-unit building, with a new roof, gutters & siding and outside stairway in '22, offers an excellent blend of modern convenience and strategic location. The building is thoughtfully designed with three units on each floor, providing a consistent and efficient layout for all residents. Each unit in the building features a well-designed floor plan with two bedrooms and one bathroom, ensuring a comfortable and functional living space. Unit 3 and unit 5 have recently been remodeled. The property boasts strong rental potential, making it an ideal choice for investors seeking a reliable income stream. Its strategic location between the UIUC campus and downtown Urbana offers residents convenient access to both academic and recreational pursuits.
  1. Listed by Nick Taylor • Taylor Realty Associates
    P: (217)-586-4906 C: (217)-377-4353 nickt@taylor-realty.com

Sold By Coldwell Banker R.E. Group

Property Details for 309 West Springfield Avenue

Area
Urbana
Township
Cunningham
Air Conditioning Type
Window Unit(s)
LISTING UPDATED: 04/27/2024 03:00 AM

Property Details for 309 West Springfield Avenue

StatusClosed
MLS #11969828
Days on Market50
Taxes$12,356 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti Family 5+ / Condo/Townhouse
Year Built1977
Lot Size0.15 AC / 6,555 SF
CountyChampaign County
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Location

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Building Information for 309 West Springfield Avenue

Stories2Residences6Year Built1977Building Size-Lot Size0.15 AC / 6,555 SF

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$3,568 per month

30 year fixed, 6.46% Interest

Principal and Interest

$2,538

Property Taxes

$1,030

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 309 West Springfield Avenue

General Information
Addtl Parking Information
  • Open Parking Spaces: 6.0
Location and General Information
  • Information: 24-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: Yes
Property Information
Interior Features
  • Air Conditioning: Window Unit(s)
  • Grid: 56
  • Heat/Ventilation: Baseboard
  • # Of Dishwashers: 0
  • Num of Baths: 6.0
Property/Lot Information
  • Tenant Pays: Electricity, Sewer
  • Built Before 1978: Yes
  • Approximate Age: 16-25 Years
  • Multi-Family Type: Condo/Townhouse
  • Lot Dimensions: 57X115
  • Stories: 2
Property and Assessments
  • Public Document Count: 1
  • Document Date: 2024-02-07T18:27:25
  • Photos Count: 35
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
  • Virtual Tour Date: 02-07-2024
Multi Family
Multi-Family Information
  • Number Of Units Total: 6
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $.00
  • Gross Income: $55,980.00
  • Gross Scheduled Income: $55,980.00
  • Insurance Expense: $4,316.00
  • Maintenance Expense: $.00
  • Expense Year: 2023
  • Janitor Expense: 0
  • Total Monthly Income: 4665
  • Net Operating Income: $16,622.00
  • Operating Expense: $22,686.00
  • Other Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 6
Unit 2
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 0
Unit 3
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 0
Unit 4
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 309 West Springfield Avenue

DateEvent & SourcePriceAppreciation
Apr 25, 2024

Sold

MRED #11969828

$504,000—
Apr 17, 2024

Sold (Public Record)

Public Record #1531118271

$504,000

-0.1% / yr

Mar 27, 2024

Pending

MRED #11969828

—
DateEvent & SourcePrice
04/25/2024

Sold

MRED #11969828

$504,000
04/17/2024

Sold (Public Record)

Public Record #1531118271

$504,000

-0.1% / yr

03/27/2024

Pending

MRED #11969828

—

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

Public Records for 309 West Springfield Avenue

Taxable ValueLand$28,980Additions$106,890Total$135,870
Tax Record2024$14,014 ($1,168 / month)
Home Facts
StyleMulti-Family Dwelling (2-4)CountyCHAMPAIGNAPN922117135003

Schools near 309 West Springfield Avenue

This home is within Urbana School District 116.
Rating
School
Type
Grades
Distance
Leal Elementary School
Public - K to 5
Urbana Middle School
Public - 6 to 8
Urbana High School
Public - 9 to 12
Urbana Gerber School
Public - K to 12
Rating
School
Distance
Leal Elementary School
PublicK to 5

Urbana Middle School
Public6 to 8

Urbana High School
Public9 to 12

Urbana Gerber School
PublicK to 12

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 descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims 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 discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Taylor Realty Associates

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 04/27/2024 03:00 AM. 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.