111 W Park St Urbana, IL 61801
Crystal Lake NeighborhoodEstimated payment $8,890/month
Total Views
59,593
--
Bed
--
Bath
--
Sq Ft
--
Price per Sq Ft
Highlights
- 0.43 Acre Lot
- Baseboard Heating
- 2-minute walk to Crystal Lake Park
About This Home
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $32,062
Year Built
- Built in 1972
Lot Details
- 0.43 Acre Lot
- Lot Dimensions are 88.8 x 100 x 115
Interior Spaces
- 2-Story Property
- Exterior Basement Entry
Utilities
- Baseboard Heating
Community Details
Overview
- 21 Units
Building Details
- Electric Expense $2,919
- Fuel Expense $2,919
- Insurance Expense $12,760
- Maintenance Expense $12,365
- Manager Expense $10,200
- Other Expense $36,606
- Trash Expense $2,919
- Water Sewer Expense $2,919
- Operating Expense $83,698
- Gross Income $170,352
- Net Operating Income $86,302
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $30,170 | $310,860 | $52,830 | $258,030 |
| 2023 | $30,170 | $283,630 | $48,200 | $235,430 |
| 2022 | $28,269 | $261,170 | $44,380 | $216,790 |
| 2021 | $27,658 | $256,210 | $43,540 | $212,670 |
| 2020 | $26,757 | $248,750 | $42,270 | $206,480 |
| 2019 | $29,452 | $281,840 | $42,270 | $239,570 |
| 2018 | $24,638 | $238,490 | $35,770 | $202,720 |
| 2017 | $25,489 | $238,490 | $35,770 | $202,720 |
| 2016 | $25,349 | $238,490 | $35,770 | $202,720 |
| 2015 | $24,409 | $238,490 | $35,770 | $202,720 |
| 2014 | $24,079 | $227,140 | $34,070 | $193,070 |
| 2013 | $23,763 | $227,140 | $34,070 | $193,070 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/17/2025 07/17/25 | Pending | -- | -- | -- |
| 06/11/2025 06/11/25 | For Sale | $1,150,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $200,000 | Future Advance Clause Open End Mortgage |
Source: Public Records
About the Listing Agent
Jordan's Other Listings
Source: Midwest Real Estate Data (MRED)
MLS Number: 12373675
APN: 91-21-08-403-006
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