1204 South Lincoln Avenue

Urbana, IL 61801

$1,200,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

This building is beautiful and is exploding with charm. Built in 1918, this property was designed as a fraternity house but has so much potential to be used for other purposes. It is zoned R-7 University Residential Zoning District, which permits a boarding or rooming house, dormitory dwelling, community living facility, multiple-unit common-lot-line, church, temple, business mixed-use planned unit development, bed and breakfast (owner occupied), and more! This well maintained 3-story, 65 bed property...This building is beautiful and is exploding with charm. Built in 1918, this property was designed as a fraternity house but has so much potential to be used for other purposes. It is zoned R-7 University Residential Zoning District, which permits a boarding or rooming house, dormitory dwelling, community living facility, multiple-unit common-lot-line, church, temple, business mixed-use planned unit development, bed and breakfast (owner occupied), and more! This well maintained 3-story, 65 bed property is perfectly located in an opportunity zone and includes 17,255 SF and features 15 bedrooms on the 2nd floor and 9 on the 3rd floor with dorm style bathrooms. The main floor includes a living room, sun room/courtroom, tv room, dining room, and a commercial kitchen that has the prep ability for 100-300 people. The basement includes a laundry room, and storage. This property is in a prime location near campus with close proximity to shopping and restaurants. Don't miss this opportunity!
  1. Listed by Shannon Collins • Green Street Realty

Property Details for 1204 South Lincoln Avenue

Area
Urbana
Township
Cunningham
Zoning
MULTI

Location

Listing Courtesy of Green Street Realty
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LISTING UPDATED: 04/03/2024 01:50 AM

Property Details for 1204 South Lincoln Avenue

StatusActive
MLS #11729262
Days on Market437
Taxes$41,526 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Multi Family 5+-Other
Year Built1918
Lot Size0.43 AC / 18,900 SF
CountyChampaign County

Location

Listing Courtesy of Green Street Realty
Add your commute

Building Information for 1204 South Lincoln Avenue

Stories-Residences1Year Built1918Building Size-Lot Size0.43 AC / 18,900 SF

Payment Calculator

$10,009 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,549

Property Taxes

$3,461

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1204 South Lincoln Avenue

General Information
Addtl Parking Information
  • Outdoor Parking: 6-12 Spaces,Paved
  • Open Parking Spaces: 12.0
Location and General Information
  • Information: Show-Call Listing Office
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Air
  • Electric: Service - 201 to 600 Amps
  • Basement Description: Finished, Rec/Family Area, Storage Space
  • Grid: 0
  • Heat/Ventilation: Central Bldg Heat,Steam
  • Num of Baths: 0.0
Property/Lot Information
  • Tenant Pays: Other
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Other
  • Lot Dimensions: 135X140
  • Lot Size Square Feet: 18900.0
  • Stories: 3
  • Exterior Building Type: Brick
  • Construction: Brick
  • Fire Protection: Sprinklers
  • Building Area Total: 17255
  • Lot Size Source: County Records
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 1
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 1
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $.00
  • Gross Income: $.00
  • Gross Scheduled Income: $.00
  • Insurance Expense: $.00
  • Maintenance Expense: $.00
  • Janitor Expense: 0
  • Total Monthly Income: 0
  • Net Operating Income: $.00
  • Operating Expense: $.00
  • Other Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $.00
Unit 1
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 0
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 1204 South Lincoln Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1204 South Lincoln Avenue

Taxable ValueLand$52,880Additions$350,810Total$403,690
Tax Record2022$43,695 ($3,641 / month)
Home Facts
StyleMulti-Family Res (5+ Units)CountyCHAMPAIGNAPN932117304001

Schools near 1204 South Lincoln Avenue

This home is within Urbana School District 116.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
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.

Similar Homes

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1204 South Lincoln Avenue is a multi-family home for sale in Urbana, IL 61801. This property was listed for sale on March 2, 2023 by Green Street Realty, it's currently listed at $1,200,000. It has been on the market for a total of 437 days and was last sold on August 1, 2017. This listing's school district is Urbana School District 116. Nearby schools include Leal Elementary School, Urbana Middle School and Urbana High School. 1204 South Lincoln Avenue is a 0-bed, 0-bath, multi-family home built in 1918.

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 expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Green Street Realty

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.