Cashflow AND future development potential. Just a good stone's-throw away from the University of Illinois campus, this blue-chip investment property is already rented to a group for the2024-25school year (rent goes up to$5, 825in August). This stately converted house sports three floors, plus a finished basement. Zoned R-7. Your tenants will appreciate the paved parking out back, and the electric system was updated circa 2009. Tenants pay all utilities. Lessee is a corporate entity, so easy to work with. Owner is a licensed real estate broker.
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The average household income in
Urbana, IL
grew
from
$33,081
to
$34,273
in the past year. This data is an estimate based upon
15,986
households in
Urbana, IL. The chart below presents how household income is distributed in
Urbana, IL
in comparison to the revenue allocation amid households nationally.
Property Taxes
Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows
distribution of property taxes in
Urbana, IL
compared to median property taxes around the country. The prevalent amount of property taxes in
Urbana, IL
equals
$3k+
, which is
more
than the national average.