1716 W Union St Champaign, IL 61821
2
Beds
1
Bath
1,590
Sq Ft
0.33
Acres
Highlights
- 2 Car Detached Garage
- Central High School Rated A
- Forced Air Heating System
About This Home
As of January 2025An all brick duplex with a basement, offering excellent rental income, is now available in a highly desirable Champaign location! Each unit features 2 bedrooms & 1 bath with partially finished basements that include rec space, laundry and storage. Unit 1718 is currently rented month to month at 950/mo. While Unit 1716 is currently vacant, a new one year lease starting at the end of October has been signed at 900/mo. This prime investment is conveniently located near dining and shopping and just across from the upcoming Country Fair Shopping Center redevelopment.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,150
Year Built
- Built in 1963
Parking
- 2 Car Detached Garage
- Parking Space is Owned
Home Design
- Duplex
- Brick Exterior Construction
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Potential Bedrooms
- 1 Bathroom
Schools
- Champaign/Middle Call Unit 4 351
- Champaign/Middle Call Unit 4 351 High School
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
Additional Features
- Basement Fills Entire Space Under The House
- 0.33 Acre Lot
Community Details
Overview
- 2 Units
Building Details
- Gross Income $22,200
- Net Operating Income $22,000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 14, 2024
Closed on
Jan 8, 2025
Sold by
Bell Joyce A and Bell Phillip
Bought by
Kw Investment Holdings Llc-Cu Residential Ser
Seller's Agent
Nate Evans
eXp Realty,LLC-Mahomet
Buyer's Agent
J Leman
eXp Realty,LLC-Champaign
List Price
$199,000
Sold Price
$175,000
Premium/Discount to List
-$24,000
-12.06%
Total Days on Market
17
Views
16
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,570
Avg. Annual Appreciation
13.85%
Original Mortgage
$201,600
Outstanding Balance
$81,325
Interest Rate
6.81%
Mortgage Type
Construction
Estimated Equity
$101,329
Purchase Details
Closed on
Jun 25, 2024
Sold by
Drollinger Chad
Bought by
Bell Phillip and Bell Joyce
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,079
Interest Rate
6.99%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 23, 2024
Sold by
Drollinger Adam
Bought by
Bell Phillip and Bell Joyce
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,079
Interest Rate
6.99%
Mortgage Type
New Conventional
Map
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Similar Home in Champaign, IL
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $175,000 | None Listed On Document | |
| Warranty Deed | $175,000 | None Listed On Document | |
| Quit Claim Deed | -- | None Listed On Document | |
| Quit Claim Deed | -- | None Listed On Document | |
| Quit Claim Deed | -- | None Listed On Document | |
| Quit Claim Deed | -- | None Listed On Document | |
| Quit Claim Deed | -- | None Listed On Document |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $201,600 | Construction | |
| Closed | $201,600 | Construction | |
| Previous Owner | $114,079 | New Conventional | |
| Previous Owner | $71,870 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/08/2025 01/08/25 | Sold | $175,000 | -12.1% | $110 / Sq Ft |
| 11/01/2024 11/01/24 | Pending | -- | -- | -- |
| 10/14/2024 10/14/24 | Price Changed | $199,000 | 0.0% | $125 / Sq Ft |
| 10/14/2024 10/14/24 | For Sale | $199,000 | -- | $125 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
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 | $6,150 | $74,880 | $19,160 | $55,720 |
| 2023 | $6,150 | $68,200 | $17,450 | $50,750 |
| 2022 | $5,786 | $62,920 | $16,100 | $46,820 |
| 2021 | $5,647 | $61,680 | $15,780 | $45,900 |
| 2020 | $5,437 | $59,300 | $15,170 | $44,130 |
| 2019 | $5,262 | $58,080 | $14,860 | $43,220 |
| 2018 | $5,144 | $57,170 | $14,630 | $42,540 |
| 2017 | $4,976 | $55,070 | $14,090 | $40,980 |
| 2016 | $4,462 | $53,940 | $13,800 | $40,140 |
| 2015 | $4,496 | $52,990 | $13,560 | $39,430 |
| 2014 | $4,458 | $52,990 | $13,560 | $39,430 |
| 2013 | $4,418 | $52,990 | $13,560 | $39,430 |
Source: Public Records
Source: Midwest Real Estate Data (MRED)
MLS Number: 12182754
APN: 41-20-11-355-015
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