631 E Grove Ave

$415,000
Last Sold Price
21
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

14 unit complex. Incredible investment opportunity with strong upside potential! Currently has only half the units occupied, generating over $4,400 per month in rental income. With repairs and updates to the remaining units, investors can maximize cash flow by bringing all 14 units online. The front brick building features a 3-bedroom, 1-bath unit with a basement that could easily be finished to add a 4th bedroom and an additional half bath, increasing rental value. The property also includes a shared...14 unit complex. Incredible investment opportunity with strong upside potential! Currently has only half the units occupied, generating over $4,400 per month in rental income. With repairs and updates to the remaining units, investors can maximize cash flow by bringing all 14 units online. The front brick building features a 3-bedroom, 1-bath unit with a basement that could easily be finished to add a 4th bedroom and an additional half bath, increasing rental value. The property also includes a shared laundry facility, an oversized one-car garage for maintenance and storage, a lot with ample parking and a common courtyard for tenants. This property is being offered in "AS-IS" condition. With steady rental demand and plenty of room to add value, this property offers excellent income growth and long-term return on investment.
  1. Listed by Jeanette During • TOWN & COUNTRY REALTY,LLP
    P: (217)-202-3050 C: (217)-202-3050 jnettduring@gmail.com

Sold By RE/MAX REALTY ASSOCIATES-CHA

Property Details for 631 East Grove Avenue

Area
Northern Champaign County / Ford County
Township
Rantoul
Air Conditioning Type
Central Air, Window Unit(s)
Zoning
MULTI
LISTING UPDATED: 12/21/2025 02:01 AM

Property Details for 631 East Grove Avenue

StatusClosed
MLS #12450400
Days on Market93
Taxes$12,002 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Corridor-Interior Entrance
Year Built1960
Lot Size0.73 AC / 32,000 SF
CountyChampaign County
Add your commute

Building Information for 631 East Grove Avenue

Stories2Residences14Year Built1960Building Size-Lot Size0.73 AC / 32,000 SF

Payment Calculator

$3,051 per month

30 year fixed, 6.28% Interest

Principal and Interest

$2,051

Property Taxes

$1,000

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 631 East Grove Avenue

General Information
Addtl Parking Information
  • Indoor Parking: 1-5 Spaces,Detached
  • Outdoor Parking: 19-30 Spaces
Location and General Information
  • Information: 48-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Air, Window Unit(s)
  • Electric: Circuit Breakers
  • Grid: 0
  • Heat/Ventilation: Hot Water,Radiant
  • Num of Baths: 13.0
Property/Lot Information
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Corridor-Interior Entrance,Condo/Townhouse
  • Lot Size Source: County Records
  • Lot Dimensions: 100x320
  • Lot Size Square Feet: 32000.0
  • Stories: 2
  • Construction: Brick, Other, Combination
  • Roof Type: Composition
Property and Assessments
  • Public Document Count: 2
  • Document Date: 2025-09-11T14:26:30
  • Photos Count: 29
Miscellaneous
  • Current Use: Multi-Family
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 14
Income & Expenses
  • Electric Expense: $475.00
  • Fuel Expense: $675.00
  • Gross Income: $81,600.00
  • Gross Scheduled Income: $87,120.00
  • Insurance Expense: $1,220.00
  • Maintenance Expense: $667.00
  • Electric Expense Source: Owner Projection
  • Total Annual Expense Source: Owner Projection
  • Fuel Expense Source: Owner Projection
  • Insurance Expense Source: Owner Projection
  • Janitor Expense: 0
  • Repairs-Decor Expense Source: Owner Projection
  • Total Monthly Income: 6800
  • Water Expense Source: Owner Projection
  • Net Operating Income: $25,826.00
  • Operating Expense: $55,774.00
  • Other Expense: $.00
  • Trash Expense: $135.00
  • Water Sewer Expense: $475.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 6
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 2
Unit 3
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 5
Unit 4
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 1
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 631 East Grove Avenue

DateEvent & SourcePriceAppreciation
Dec 19, 2025

Sold

MRED #12450400

$415,000
Nov 26, 2025

Pending

MRED #12450400

Nov 25, 2025

Listed (Active)

MRED #12450400

$450,000
Nov 14, 2025

Expired

MRED #12450400

$450,000
Aug 26, 2025

Listed (Active)

MRED #12450400

$450,000
DateEvent & SourcePrice
12/19/2025

Sold

MRED #12450400

$415,000
11/26/2025

Pending

MRED #12450400

11/25/2025

Listed (Active)

MRED #12450400

$450,000
11/14/2025

Expired

MRED #12450400

$450,000
08/26/2025

Listed (Active)

MRED #12450400

$450,000

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

Public Records for 631 East Grove Avenue

Taxable ValueLand$13,410Additions$113,100Total$126,510
Tax Record2024$12,002 ($1,000 / month)
Home Facts
StyleMulti-Family Dwelling (2-4)CountyCHAMPAIGNAPN200335376037

Schools near 631 East Grove Avenue

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
Private - PK to 8
Rating
School
Distance
Northview Elementary School
PublicK to 5

J W Eater Jr High School
Public6 to 8

Rantoul Twp High School
Public9 to 12

St Malachy School
PrivatePK 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 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 TOWN & COUNTRY REALTY,LLP

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 12/21/2025 02:01 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.