Seller's Agent in 2024
Shannon Collins
Green Street Realty
(217) 493-3776
16 in this area
164 Total Sales
302 S Busey Ave Urbana, IL 61801
West Urbana NeighborhoodEstimated Value: $1,678,000 - $1,941,274
42
Beds
18
Baths
14,518
Sq Ft
$125/Sq Ft
Est. Value
About This Home
As of December 2024Very desirable U of I Campus Location with great value add opportunity! This 10 unit, 3 story apartment building includes 8-4 Bedroom and 2-5 Bedroom Apartments. All units includes a full appliance package featuring a Stove, Refrigerator, Dishwasher, Microwave, Garbage Disposal, and Washer and Dryer. The property offers a 2nd Floor Sun Deck with bike storage. Parking is provided by virtue of open and carport parking, with a large sundeck established over the roof of the carport. Ten spaces are provided, seven of which lie in a carport fashion. Fiber Internet ran throughout the building with ethernet hook ups in living rooms and all bedrooms. Across from the MTD Green Line and a short walk to Campus!
Last Agent to Sell the Property
Green Street Realty License #475178418 Listed on: 11/06/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $57,758
Year Built
- Built in 1977
Lot Details
- 0.3
Home Design
- Wood Frame Construction
Interior Spaces
- 14,518 Sq Ft Home
- 3-Story Property
- Exterior Basement Entry
Bedrooms and Bathrooms
- 42 Bedrooms
- 18 Bathrooms
Additional Features
- Lot Dimensions are 53.75 x 169.34 x 121.5 x 53.92 x 67.75 x 115.42
- Property is near public transit
- Forced Air Heating and Cooling System
Listing and Financial Details
- Tenant pays for varies by tenant
Community Details
Overview
- 10 Units
Building Details
- Operating Expense $141,949
- Gross Income $216,533
- Net Operating Income $127,456
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 6, 2024
Closed on
Dec 16, 2024
Sold by
Crs Uiuc Holdings Llc
Bought by
302 S Busey Llc
Seller's Agent
Shannon Collins
Green Street Realty
Buyer's Agent
Shannon Collins
Green Street Realty
List Price
$1,850,000
Sold Price
$1,831,500
Premium/Discount to List
-$18,500
-1%
Views
22
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
-$21,863
Avg. Annual Appreciation
-0.85%
Original Mortgage
$1,373,625
Outstanding Balance
$1,051,516
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$758,121
Purchase Details
Closed on
May 20, 2022
Sold by
Gillespie Properties I Llc
Bought by
Crs Uiuc Holdings Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,600,000
Interest Rate
4.72%
Mortgage Type
Construction
Purchase Details
Closed on
Mar 28, 2008
Sold by
Busey Trust Co
Bought by
Gillespie Properties I Llc
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 302 S Busey Llc | $1,831,500 | None Listed On Document | |
| 302 S Busey Llc | $1,831,500 | None Listed On Document | |
| Crs Uiuc Holdings Llc | $3,300,000 | Beckett Chad S | |
| Gillespie Properties I Llc | -- | None Available |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | 302 S Busey Llc | $1,373,625 | |
| Closed | 302 S Busey Llc | $1,373,625 | |
| Previous Owner | Crs Uiuc Holdings Llc | $6,600,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/16/2024 12/16/24 | Sold | $1,831,500 | -1.0% | $126 / Sq Ft |
| 11/19/2024 11/19/24 | Pending | -- | -- | -- |
| 11/06/2024 11/06/24 | For Sale | $1,850,000 | -- | $127 / 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 |
|---|---|---|---|---|
| 2025 | $61,382 | $454,800 | $97,580 | $357,220 |
| 2024 | $57,759 | $595,130 | $92,230 | $502,900 |
| 2023 | $57,759 | $543,000 | $84,150 | $458,850 |
| 2022 | $55,679 | $514,400 | $77,490 | $436,910 |
| 2021 | $54,475 | $504,640 | $76,020 | $428,620 |
| 2020 | $52,702 | $489,950 | $73,810 | $416,140 |
| 2019 | $34,535 | $330,480 | $73,810 | $256,670 |
| 2018 | $28,891 | $279,650 | $62,460 | $217,190 |
| 2017 | $29,888 | $279,650 | $62,460 | $217,190 |
| 2016 | $29,723 | $279,650 | $62,460 | $217,190 |
| 2015 | $28,622 | $279,650 | $62,460 | $217,190 |
| 2014 | $28,235 | $266,340 | $59,490 | $206,850 |
| 2013 | $27,865 | $266,340 | $59,490 | $206,850 |
Source: Public Records
Agents Affiliated with this Home
-
Shannon Collins
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12201891
APN: 92-21-17-107-017
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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