Champaign, IL 61822,501 N Prospect Avenue
Champaign, IL 61822,501 N Prospect Avenue
Champaign, IL 61822,501 N Prospect Avenue
$172,000
Est. payment /mo
Est.Price: ?

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4 Beds
7,840 Sqft Lot
SOLD DATE : 06/30/2022

Key Details

Sold Price $172,000

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 11403068

Sold Date 06/30/22

Bedrooms 4

Year Built 1932

Annual Tax Amount $3,389

Tax Year 2020

Lot Size 7,840 Sqft

Lot Dimensions 60X132

Property Description

Prospect charmer with two units. Live in one and rent the other or maximize your income potential by renting out both units. The basement has the shared laundry space and storage. Roof is less than 10 years old. Unit 1 has an updated furnace. Such a great investment property the current owner has had it for 40 years!! 2 units with 2 bedrooms and 1 bathroom. Rents could range anywhere from $750-$1000 (not guaranteed). Use the 2 car garage for tenants or use as rented storage space for additional income. Great location near north Prospect dining and shopping.

Location

State IL

County Champaign

Rooms

Basement Full

Interior

Heating Natural Gas, Electric

Fireplace N

Exterior

Garage Attached

Garage Spaces 2.0

Waterfront false

View Y/N true

Building

Lot Description Corner Lot

Sewer Public Sewer

Water Public

New Construction false

Schools

Elementary Schools Champaign Elementary School

Middle Schools Champaign Junior High School

High Schools Champaign High School

School District 4, 4, 4

Others

Ownership Fee Simple

Special Listing Condition None

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Listed by Nate Evans • eXp Realty,LLC-Maho
Bought with Nate Evans • eXp Realty,LLC-Maho

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John Greene Realtor

+1(630) 820-6500

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