$260,000
SOLD DEC 1, 2025
-- Bed
-- Bath
1,415 Sq Ft
1890 Built

Recently Sold

$184 Per Sq Ft

15% Below List Price

68 Days on Market

Highlights

  • Property is near public transit
  • Heating Available
  • 3-minute walk to Phillips Recreation Center
  • Laundry Room

About This Home

As of December 2025

Located right between the West edge of the University of Illinois and Downtown Urbana. This is a 6 Unit apartment building including four 1-bedroom units and two efficiency apartments. Each apartment has separate electric meters (updated 2010). All units have their own kitchen and individual private bathrooms. Large open apartments with easy access to the University of Illinois, Downtown Urbana, and both hospitals. These apartments are in high demand and fully leased for 1-year terms. The major mechanicals and structure have been maintained. This is a nice 6-unit investment property to add to your portfolio.

Last Agent to Sell the Property

Tim Hoss

RE/MAX Choice License #471019765 Listed on: 08/25/2025

RE/MAX Choice

Last Buyer's Agent

Atif Irfan

KELLER WILLIAMS-TREC License #475184926

KELLER WILLIAMS-TREC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,958

Year Built

  • Built in 1890

Parking

  • 6 to 12 Parking Spaces

Home Design

  • Mixed Use
  • Brick Foundation
  • Block Foundation
  • Composition Roof

Interior Spaces

  • 3-Story Property
  • Unfinished Basement
  • Exterior Basement Entry
  • Laundry Room

Additional Features

  • Lot Dimensions are 68x221x67x210
  • Property is near public transit
  • Heating Available

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $2,988
  • Insurance Expense $4,994
  • Trash Expense $588
  • Water Sewer Expense $2,656
  • Operating Expense $22,981
  • Gross Income $39,000
  • Net Operating Income $16,019

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,958

Year Built

Built in 1890

Lot Details

0 Sq Ft Lot

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Corridor-Exterior Entrance,Corridor-Interior Entrance
  • Stories: 3
  • Year Built: 1890
  • Built Before 1978 (Y/N): Yes
  • Legal Description: Lot pt 3 Gere's Sub
  • Information: 24-Hr Notice Required
  • Estimated Age: Older
  • Actual Status: Closed
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Unfinished
  • Possible Use: Multi-Family, Single Family
  • Misc Inside: Laundry Room
  • Fireplaces: 1
  • Drive-In Doors: 0
  • Dishwashers: 0
  • Refrigerators: 6
  • Ranges: 6
  • Number of Washers: 1
  • Room: 0

Exterior Features

  • Foundation Details: Block, Brick/Mortar
  • Frontage Type: City Street
  • Roof: Composition
  • Roof Structure: Gable,Wood Joists

Garage/Parking

  • Outdoor Parking: 6-12 Spaces

Utilities

  • Heat/Ventilation: Electric
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

  • Conversion YN: Y
  • Owners Association (Y/N): No

Fee Information

  • Association Fee Includes: None
  • Trash Expense: 588
  • Water Sewer Expenses: 2656

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 68x221x67x210
  • Zoning: MULTI
  • Land Amenities: Curbs and Gutters,Sidewalks

Rental Info

  • Board Number: 22
  • Tenancy Type: Leases

Building Info

  • Building Unit Info: Fire Alarm,Smoke/Alarm Detector,Some Units Furnished

Multi Family

  • Net Operating Income: 16019
  • Insurance Expense: 4994
  • ElectricExpense: 2988
  • GrossIncome: 39000
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 22981
  • Type Multi-Family: Corridor-Exterior Entrance,Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 9958
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 25, 2025
Closed on
Nov 21, 2025
Sold by
Price Joan C
Bought by
Yasmin Bobat Soliticos Living Trust and Bobat
Seller's Agent
Tim Hoss
RE/MAX Choice
Buyer's Agent
Atif Irfan
KELLER WILLIAMS-TREC
List Price
$304,900
Sold Price
$260,000
Premium/Discount to List
-$44,900
-14.73%
Views
108
Current Estimated Value
$259,875

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$125
Avg. Annual Appreciation
-0.19%

Purchase Details

Closed on
Oct 30, 2003
Sold by
Burt Virginia J and Burt Douglas C
Bought by
Dobrovolny Spencer B and Pyne Siobhain J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,920
Interest Rate
5.9%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $260,000 None Listed On Document
Warranty Deed $170,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $135,920 Commercial
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/01/2025 12/01/25 Sold $260,000 -14.7% $184 / Sq Ft
11/01/2025 11/01/25 Pending -- -- --
09/17/2025 09/17/25 For Sale $304,900 0.0% $215 / Sq Ft
09/12/2025 09/12/25 Pending -- -- --
09/08/2025 09/08/25 Price Changed $304,900 -4.7% $215 / Sq Ft
08/25/2025 08/25/25 For Sale $319,900 -- $226 / 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 $9,371 $96,550 $22,290 $74,260
2023 $9,371 $88,100 $20,340 $67,760
2022 $8,780 $81,120 $18,730 $62,390
2021 $8,162 $75,610 $17,460 $58,150
2020 $7,593 $70,590 $16,300 $54,290
2019 $7,377 $70,590 $16,300 $54,290
2018 $7,343 $71,080 $16,410 $54,670
2017 $7,597 $71,080 $16,410 $54,670
2016 $7,555 $71,080 $16,410 $54,670
2015 $7,639 $71,080 $16,410 $54,670
2014 $7,535 $71,080 $16,410 $54,670
2013 $7,436 $71,080 $16,410 $54,670
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12453805

Midwest Real Estate Data (MRED)

APN: 91-21-08-362-012

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