Eco Friendly
Address
1320 MCCULLOUGH Street Rantoul, IL
Price
$ 469,900
Property Attributes
  • MLS#11043028
  • TypeContingent
  • CountyCHAMPAIGN
  • CityRantoul
  • AreaDewey - Fisher - Flatville - Foosland - Gifford -
  • Zip61866
  • StyleMulti-Family
  • Year Built1950
  • Taxes$ 12320
  • Price$ 469,900
  • Bedrooms5
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage38640
  • Lot Size4.95 Acres
Listing Provided Courtesy Of:
EXP REALTY LLC-MAHO
Data Source:
Midwest Real Estate Data (MRED) - 103 - IL
Property Description

Calling all Investors!!! CASH FLOW! Here you go!! 40 Units!!! This property features 32 two bedroom Units and 8 one bedroom units!!! The two bedroom units feature a combined living room and kitchen along with separate sink and bathroom rounding in at about 712 Sq Ft. The one bedroom units feature a kitchen/living room area with a bedroom and 1 bathroom right around 593 sq ft. There is also a duplex on site featuring two bedrooms, 1 bath, living/kitchen area for a total of 755 Sq Ft. The property features new metal roofs put on in 2016 and updated baseboard heat for the units rented. This property has 3 separate parcels all adding up to just a little under 5 acres in the growing community of Rantoul! The one bed units go for $545 per month and the two bed units for $645 per month. All utilities included with rent with some units converted already to electric heat. Some units still need heat conversion, repairs, and paint. Great location with tons of parking! This one just really needs a hungry investor who wants to fill this up and have a great investment!

Price History
4/5/2021 Listed $469,900

General Features

Additional Parcels Y/N Yes
City Rantoul
Construction Materials Block
Contingency Attorney/Inspection
Cooling None
County Champaign
Current Use Multi-Family
Days on Market 7
Directions RT 45 TO RANTOUL THEN EAST ON WHEAT AVENUE AT STOP LIGHT IN RANTOUL THEN SOUTH ON MCCULLOUGH. LARGE TWO STORY BLDGS
Electric Circuit Breakers, 0-100 Amps
Electric Expense 64923
Grossincome 1
Insurance Expense 6401
MLS Area Dewey / Fisher / Flatville / Foosland / Gifford / Ludlow / Penfield / Rantoul / Thomasboro
Maintenanceexpense 12503
Net Operating Income 4990
Operatingexpense 115833
Possession Closing
Possible Use Multi-Family
Property Type Commercial Sale
Property Type Multi Family 5+
Roof Metal
Standard Status Active Under Contract
Status Contingent
Stories 2
Street Name MCCULLOUGH
Tax Annual Amount 12320
Tax Year 2019
Tenant Pays Electricity, Sewer
Total Units 42
Trash Expense 912
Utilities Sanitary Sewer, Sewer-Storm Available, Water-Municipal
Year Built 1950
Zoning MULTI

Interior Features

Basement None
Street Suffix Street

Exterior Features

Building Area Total 38640
Buyerofficefax (217) 892-2202
Exterior Block
Foundation Details Concrete Perimeter
Frontage Type City Street
Lot Dimensions 572 X 378
Lot Size Acres 4.95
Lot Size Square Feet 216216
Total Parking 100

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Contingent Average in 61866

Price
AVG $140K
$470K
Taxes
AVG $3,022
$12,320
Visits
AVG 108
113
Year Built
AVG 1963
1950
Walkscore
AVG 33
6
Data Provided by Walkscore ® not using MLS data

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