, Urbana, Champaign County, Illinois 61802, USA

IL, Urbana
$8,950,000
  • 0.34 Acre
  • Commercial Sale Property Type
  • Active Status
Steven M
Steven M Realtyna
  • (302) 525 8222
  • (302) 525 8222
  • Support@Realtyna.com
  • 200 Continental Drive, Suite 401, Newark, DE 19713 USA
  • (302) 525 8222
Property Description

Introducing 1499 & 1499A Nostrand Avenue two beautiful & brand new eight families side by side for 16 units in total. The building and each unit have been built with highest quality materials with tenant satisfaction in mind. There are 16 one bedroom units with the ground floor apartments being duplex units with backyard access. Each upstairs unit has front and back porches while the fourth floor apartments have mezzanine floors within the apartments & very high ceilings for maximization of floor to height ratio of useable square footage. The property was built in 2018, the C of O was just granted recently and there is a 421a tax abatement on the building for the next 35 years. 10 of the units are FM and 6 are RS. The yearly RR is 470,000.

Basic Details
  • Property Type: Commercial Sale
  • Listing Type: For Sale
  • Listing ID: 11231183
  • Price: $8,950,000
  • Lot Area: 0.34 Acre
  • Status: Active
  • Waterfront: Yes
  • Office Name: Coldwell Banker R.E. Group
  • Agent Name: Stefanie Pratt
  • Property Sub Type: Commercial Building
Features
  • Utilities Electric to Site,Gas to Site,Sewer-Storm Available,Water-Municipal
Address Map
  • Country US
  • State IL
  • County Champaign
  • City Urbana
  • Zipcode 61802
  • Street: Artesia Xing
  • Street Number: 3007
  • Street Suffix: Crossing
  • Longitude: W89° 47' 33.7''
  • Latitude: N40° 6' 42.2''
  • Zoning: SINGL
  • Mls Area Major: Urbana
Neighborhood
  • Elementary School: Urbana Elementary School
  • Elementary School District: 116
  • High School: Urbana High School
  • High School District: 116
  • Middle Or Junior School District: 116
  • Middle School: Urbana Middle School
Additional Information
  • Current Use: Single Family
  • Lot Size Dimensions: 85X132.65X80.40X160.05
Financial
  • Tax Annual Amount: 46.76
Listing Information
  • Special Listing Conditions: None
  • Status Change Timestamp: 2023-10-01T05:05:39Z
  • List Agent Mls Id: 951920
  • List Office Mls Id: 95131
  • Mls Status: Expired
  • Modification Timestamp: 2024-01-24T09:20:45Z
  • Originating System Name: Demo
-1°C Urbana
Tuesday, 26 November Clear Sky -2 / 0
Mortgage Calculator
$
$ %
years
%
$ % per year
$ %per year
$
MLS On The Fly

Schedule Appointment

Fill out the form below, and we will be in touch shortly.