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111 W Park ST Urbana, IL 61801
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Key Details
Sold Price $1,340,000
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 12373675
Sold Date 08/29/25
Maintenance Fees $12,365
Year Built 1972
Annual Tax Amount $32,062
Tax Year 2024
Lot Size 0.430 Acres
Lot Dimensions 88.8 X 100 X 115
Property Sub-Type Multi Family 5+
Property Description
111-121 W Park St is a multifamily investment opportunity that offers 21 units within 2 buildings. The breakdown includes (11) 2 bedroom units (1) 1 bedroom unit and (9) studios. The property is currently fully leased for the 2024-25 lease term and only has one vacant studio apartment for the upcoming 2025-26 lease term. This property boasts a strong rental history and has been meticulously managed long-term. The strong rental history combined with value add opportunity make this a great property to add to an investor's portfolio. This property also boasts a prime location being across the street from Crystal Lake Park that has had major improvements in recent years, a growing retail hub just to the east at Five-Points and surrounding areas, and great proximity to Carle Foundation Hospital and the University of Illinois Campus.
Location
State IL
County Champaign
Area Urbana
Interior
Fireplace N
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© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with Jordan Dunahee of Ramshaw Real Estate
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