IL > Urbana
Urbana, IL 61802,2017 Philo RD
Urbana, IL 61802,2017 Philo RD
Urbana, IL 61802,2017 Philo RD
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$950,000
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2017 Philo RD Urbana, IL 61802

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Dennis & Karen

Dennis & Karen

+1(219) 213-3346

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Key Details

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12345809

Year Built 1969

Annual Tax Amount $26,360

Tax Year 2023

Lot Dimensions 115X104

Property Sub-Type Multi Family 5+

Property Description

This 24-unit apartment building in Urbana, Illinois, offers a rare and highly sought-after opportunity for investors seeking a true value-add project. All units are currently vacant and in need of renovation, presenting significant upside through capital improvements and repositioning. Each unit is a 1-bedroom, 1-bath layout similar to stabilized properties nearby, with market rents ranging from 850 dollars per month after rehab. The property is located near the intersection of Silver Street and Philo Road - a central Urbana neighborhood with strong rental demand from students, professionals, and Section 8 tenants. Whether you're a seasoned investor or new to multifamily repositioning, this asset is ideal for increasing long-term equity and generating strong returns in a proven rental market.

Location

State IL

County Champaign

Area Urbana

Zoning MULTI

Interior

Fireplace N

Building

Dwelling Type Multi Family 5+

Midwest Real Estate Data (MRED) IDX
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Nate Evans of  eXp Realty-Mahomet 

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Dennis & Karen

Dennis & Karen

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+1(219) 213-3346

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2017 Philo RD

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