801 Hollycrest Drive

Champaign, IL 61821

$350,000
Price
8
Beds
4
Baths
3,280 Sq. Ft.
$107 / Sq. Ft.
3,280
Sq. Ft.
$107
per Sq. Ft.

Description

Don't miss out on this incredible investment opportunity! This fully leased 4-plex is a gem waiting for you. Consisting of two first-floor units and two second-floor units, each apartment has undergone recent updates, resulting in increased rental income. Conveniently situated in a central location, this property boasts easy access to multiple bus stops, making transportation a breeze for tenants. Additionally, off-street parking in the rear provides added convenience and peace of mind. The owner...Don't miss out on this incredible investment opportunity! This fully leased 4-plex is a gem waiting for you. Consisting of two first-floor units and two second-floor units, each apartment has undergone recent updates, resulting in increased rental income. Conveniently situated in a central location, this property boasts easy access to multiple bus stops, making transportation a breeze for tenants. Additionally, off-street parking in the rear provides added convenience and peace of mind. The owner takes care of trash and sewer expenses, while tenants are responsible for water, power, and gas bills. Furthermore, this property allows for Airbnb/short-term rentals, offering even greater income potential. With its prime location, updated units, and solid rental history, this 4-plex presents a fantastic opportunity for savvy investors. Don't wait, seize this chance to add a lucrative asset to your portfolio!
  1. Listed by PJ Trautman • Trautman Real Estate Agency & Appraisal LLC
  2. Listed by Phillip Curry • Trautman Real Estate Agency & Appraisal LLC

Property Details for 801 Hollycrest Drive

Area
Champaign, Savoy
Subdivision
Stonegate
Township
Champaign
Ownership
Fee Simple
Num Of Parking Spaces
5.0
Parking Included in Price
Yes
Heat/Fuel
Natural Gas, Forced Air

Location

Listing Courtesy of Trautman Real Estate Agency & Appraisal LLC
Add your commute
LISTING UPDATED: 04/05/2024 09:22 AM

Property Details for 801 Hollycrest Drive

StatusContingent
MLS #12009145
Days on Market28
Taxes$5,673 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 4 Flat
Year Built1971
Lot Size0.16 AC / 6,969 SF
CountyChampaign County

Location

Listing Courtesy of Trautman Real Estate Agency & Appraisal LLC
Add your commute

Building Information for 801 Hollycrest Drive

Stories-Residences4Year Built1971Building Size-Lot Size0.16 AC / 6,969 SF

Payment Calculator

$2,383 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,910

Property Taxes

$473

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 801 Hollycrest Drive

General Information
School Information
  • Elementary School District: 4
  • Elementary School: Champaign Elementary School
  • Jr High Middle School: Champaign Junior High School
  • High School District: 4
  • High School: Champaign High School
  • Middle Or Junior School District: 4
Addtl Parking Information
  • Parking: Space/s
  • Parking Details: Unassigned, Off Alley
  • Parking On Site: true
  • Parking Ownership: Owned
  • Open Parking Spaces: 5.0
Property Information
Interior Features
  • Num Of Rooms: 24
  • Bedrooms (Below Grade): 0
  • Basement Type: None
  • Bedrooms Possible: 8
  • Basement Description: Crawl
  • Grid: 45
  • Basement Bathrooms: No
  • # 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
  • Exterior Property Features: Balcony
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: No
  • Built Before 1978: Yes
  • Age: 51-60 Years
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 65 X 110
  • Total # Units in Building: 4.0
  • Waterfront: No
  • Exterior Building Type: Brick, Vinyl Siding
  • Roof Type: Asphalt
  • Foundation Details: Concrete Perimeter
  • General Information: School Bus Service,Commuter Bus
  • 3 Br Un In Bldg: No
  • Conversion: N
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 42
  • Deconversion: N
  • OpenHouse Count: 0
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Income & Expenses
  • Gross Income: $41,700.00
  • Insurance Expense: $1,800.00
  • Insurance Expense Source: Broker Projection
  • Other Expense Source: Broker Projection
  • Trash Expense Source: Actual
  • Trash Expense Year: 605
  • Other Expenses $: 640
Unit 1
  • Unit Type Actual Rent: $875.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Lease Expiration Date: 01/25
Unit 2
  • Unit Type Actual Rent: $825.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Lease Expiration Date: 09/23
Unit 3
  • Unit Type Actual Rent: $875.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 3
  • Lease Expiration Date: 03/25
Unit 4
  • Unit Type Actual Rent: $900.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 4
  • Lease Expiration Date: 07/24

Property History for 801 Hollycrest Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 801 Hollycrest Drive

Taxable ValueLand$9,790Additions$51,900Total$61,690
Tax Record2022$5,673 ($473 / month)
Home Facts
StyleMulti-Family Dwelling (2-4)CountyCHAMPAIGNAPN442015276019

Schools near 801 Hollycrest Drive

This home is within Champaign Community Unit School District 4.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Westview Elementary School
PublicK to 5

Jefferson Middle School
Public6 to 8

Centennial High School
Public9 to 12

Kenwood 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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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 Trautman Real Estate Agency & Appraisal LLC

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.