Seller's Agent in 2024
Shannon Collins
Green Street Realty
(217) 493-3776
17 in this area
158 Total Sales
302 S Busey Ave Urbana, IL 61801
West Urbana NeighborhoodEstimated Value: $1,732,000 - $2,032,456
42
Beds
18
Baths
14,518
Sq Ft
$130/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
$50,728
Avg. Annual Appreciation
2.49%
Original Mortgage
$1,373,625
Outstanding Balance
$1,134,790
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$747,438
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
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| 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
| 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 |
|---|---|---|---|---|
| 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.
Based on information submitted to the MLS GRID. 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.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked.
Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
The DMCA requires that your notice of alleged copyright infringement include the following information:
(1) description of the copyrighted work that is the subject of claimed infringement;
(2) description of the alleged infringing content and information sufficient to permit us to locate the content;
(3) contact information for you, including your address, telephone number and email address;
(4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law;
(5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and
(6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.
Nearby Homes
- 704 W Illinois St
- 603 W Green St
- 801 W Oregon St
- 706 S Coler Ave Unit 5
- 407 W High St
- 709 W Nevada St
- 812 W Main St
- 702 W Iowa St
- 212 W High St
- 707 W Iowa St
- 402 W Griggs St
- 1001 S Douglas Ave
- 218 W Main St
- 1109 S Douglas Ave
- 805 W Indiana Ave
- 1207 S Busey Ave
- 804 W Michigan Ave
- 1203 S Race St
- 806 N Busey Ave
- 812 W Delaware Ave
- 302 S Busey Ave Unit 204
- 302 S Busey Ave Unit 205
- 302 S Busey Ave Unit 203
- 304 S Busey Ave
- 708 W High St
- 711 W Green St
- 713 W Green St
- 709 W Green St
- 706 W High St
- 402 S Busey Ave
- 704 W High St
- 709 W High St
- 404 S Busey Ave
- 801 W Green St
- 707 W High St
- 703 W Green St
- 307 S Busey Ave
- 705 W High St
- 309 S Coler Ave
- 702 W High St