508 West Columbia Avenue

Champaign, IL 61820

$265,000
Price
7
Beds
4
Baths
2,850 Sq. Ft.
$93 / Sq. Ft.
2,850
Sq. Ft.
$93
per Sq. Ft.

Description

Three unit multifamily house great for an investor looking to add to their portfolio. All units have been recently remodeled. The three units include a 3bed/2bath, 3bed/1bath, and a 1bed/1bath within a two story converted house. This property has an impressive rental history and is currently fully leased through the end of July, 2024, with two of three units rented through 2025. Laundry machines located in the basement for use by the entire property. Laundry machines located in the basement for use...Three unit multifamily house great for an investor looking to add to their portfolio. All units have been recently remodeled. The three units include a 3bed/2bath, 3bed/1bath, and a 1bed/1bath within a two story converted house. This property has an impressive rental history and is currently fully leased through the end of July, 2024, with two of three units rented through 2025. Laundry machines located in the basement for use by the entire property. Laundry machines located in the basement for use by the entire property. Conveniently located in central Champaign with easy access to downtown along with the surrounding CU community. This will be sold as a package with the other investment properties.
  1. Listed by Jordan Dunahee • Ramshaw Real Estate

Property Details for 508 West Columbia Avenue

Area
Champaign, Savoy
Township
Champaign
Ownership
Fee Simple
Num Of Parking Spaces
3.0
Heat/Fuel
Natural Gas, Forced Air

Location

Listing Courtesy of Ramshaw Real Estate
Add your commute
LISTING UPDATED: 06/04/2024 03:39 AM

Property Details for 508 West Columbia Avenue

StatusActive
MLS #12056691
Days on Market25
Taxes$3,599 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / Converted Residence
Year Built-
Lot Size0.20 AC / 8,712 SF
CountyChampaign County

Location

Listing Courtesy of Ramshaw Real Estate
Add your commute

Building Information for 508 West Columbia Avenue

Stories-Residences3Year Built-Building Size-Lot Size0.20 AC / 8,712 SF

Payment Calculator

$1,746 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,446

Property Taxes

$300

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 508 West Columbia Avenue

General Information
School Information
  • Elementary School District: 4
  • Elementary School: Unit 4 Of Choice
  • Jr High Middle School: Champaign/Middle Call Unit 4 351
  • High School District: 4
  • High School: Central High School
  • Middle Or Junior School District: 4
Addtl Parking Information
  • Parking: Space/s
  • Parking On Site: true
  • Open Parking Spaces: 3.0
Property Information
Interior Features
  • Num Of Rooms: 17
  • Bedrooms (Below Grade): 0
  • Basement Type: Full
  • Bedrooms Possible: 7
  • Basement Description: Partially Finished
  • # Full Baths in Building: 4
  • # Half Baths in Building: 0
  • Num of Baths: 4.0
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Public
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: Yes
  • Rehab Year: 2022
  • Built Before 1978: Yes
  • Age: 51-60 Years
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 66 X 132
  • Total # Units in Building: 3.0
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding
  • General Information: None
  • 3 Br Un In Bldg: Yes
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 9
  • OpenHouse Count: 0
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Unit 1
  • Unit Type Actual Rent: $1,050.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 1
  • Lease Expiration Date: 07/25
Unit 2
  • Unit Type Actual Rent: $995.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 2
  • Lease Expiration Date: 07/25
Unit 3
  • Unit Type Actual Rent: $700.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 3
  • Lease Expiration Date: 07/24

Property History for 508 West Columbia 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 508 West Columbia Avenue

Taxable ValueLand$3,500Additions$38,930Total$42,430
Tax Record2023$3,826 ($319 / month)
Home Facts
Total Finished SqFt1,166 SqFtAbove Grade Finished SqFt1,166 SqFtStories2StyleDuplexYear Built1914CountyCHAMPAIGNAPN422012180013

Schools near 508 West Columbia Avenue

This home is within Champaign Community Unit School District 4.
Rating
School
Type
Grades
Distance
Public - K to 12
Public - 9 to 12
Public - K to 5
Public - K to 5
Rating
School
Distance
Actions Program
PublicK to 12

Central High School
Public9 to 12

Carrie Busey Elementary School
PublicK to 5

Vernon L Barkstall Elementary School
PublicK to 5

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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508 West Columbia Avenue is a multi-family home for sale in Champaign, IL 61820. This property was listed for sale on May 22, 2024 by Ramshaw Real Estate, it's currently listed at $265,000. It has been on the market for a total of 25 days and was last sold on December 4, 2020. This listing's school district is Champaign Community Unit School District 4. Nearby schools include Actions Program, Central High School and Carrie Busey Elementary School. 508 West Columbia Avenue is a 7-bed, 4-bath, 2,850 sqft multi-family home.

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 Ramshaw Real Estate

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. Based on information submitted to the MLS GRID as of 06/04/2024 03:39 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.