N OF US 36 AND W OF US 68 Real Estate

N OF US 36 AND W OF US 68 Real Estate

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Newest Listings in N OF US 36 AND W OF US 68

$809,900
14 Beds 12 Baths 1047199 MLS
This income-producing multi-family investment property offers 12 rental units across five separate buildings on a combined 1.19 acres and is being sold with three parcels. Whether you're purchasing your first multi-unit property or expanding an existing investment portfolio, this property allows an additional upside through future rental increases. The property includes four duplex buildings located at 652-656 Hagenbuch Street, 660-664 Hagenbuch Street, 668-672 Hagenbuch Street, and 807-809 Concord Street. Each duplex contains two 2 bedrooms, 1 bath apartments. The fifth building, located at 620-644 Hagenbuch Street, is a four-unit building featuring two 2 bedrooms, 1 bath apartments and two 1 bedroom, 1 bath apartments. Combined, the five buildings offer approximately 7,232 square feet of living space and generates a rental income of $8,675 per month. Some units have been remodeled, while others present opportunities for value-added improvements. Current rents range from $425 to $900 per month, offering potential for increased income as leases renew. The property also benefits from a stable tenant base, with several long-term residents who have occupied their units for 11, 15, and more than 20 years. The sale includes 12 refrigerators and 12 ranges, allowing for a smooth transition to new ownership. The owner currently pays for water, sewer and trash service, with water/sewer expenses averaging approximately $360 per month, while tenants are responsible for all other utilities. Current annual property insurance is approximately $6,100. With a diverse unit mix, established occupancy, and opportunity to increase rental income, this well-located multi-family property presents an excellent investment opportunity for both new and experienced investors. Please allow a minimum of 48 hours for showing requests.

620-672 Hagenbuch St, Urbana

$439,900
1043643 MLS
Positioned in the coveted 100 block of North Main Street in the very heart of Urbana's vibrant downtown business district, this admired commercial building offers a rare opportunity to own a landmark property with deep local roots. Held in the same family for decades and currently home to the prestigious Guild Galleries Interiors, an interior design studio, retail boutique, and fine women's clothing and accessories destination, the property is surrounded by thriving retail shops, restaurants, coffee shops, bank, bookstore, event center and professional offices, truly embodying the phrase 'location, location, location.' Inside, the building features four full levels of usable space, including a finished basement, all conveniently served by a working elevator that reaches every floor along with traditional stair access. The basement level is finished for office use and includes a half bath. The main level showcases over 3,000 square feet of retail space highlighted by a blend of gleaming hardwood floors and carpeted areas, while the second floor provides an additional 3,000+ square feet that has most recently functioned as an expansive retail showroom. The third level contributes another 1,500+ square feet currently utilized for storage. With both front and rear public entrances and a public parking lot directly behind the building, accessibility is exceptional. Well- maintained and among the larger downtown properties where all four floors can be fully utilized, this building presents unlimited possibilities for retail, professional offices, loft-style apartments, or a creative mixed-use vision ready to be brought to life by its next owner. Real Estate Only - The Business can be negotiated outside of the Real Estate Transaction.

118 N Main St, Urbana

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