Closed

$420,000

Favorite

38,640

square ft

1320 Mccullough Street

Rantoul, Illinois 61866

Closed / MLS #11043028 / Multiple Family / Rantoul

Listing information updated 10/29/2021 at 4:03pm

Calling all Investors!!! CASH FLOW! Here you go!! 40 Units!!! This property features 32 two bedroom Units and 8 one bedroom units!!! The two bedroom units feature a combined living room and kitchen along with separate sink and bathroom rounding in at about 712 Sq Ft. The one bedroom units feature a kitchen/living room area with a bedroom and 1 bathroom right around 593 sq ft. There is also a duplex on site featuring two bedrooms, 1 bath, living/kitchen area for a total of 755 Sq Ft. The property features new metal roofs put on in 2016 and updated baseboard heat for the units rented. This property has 3 separate parcels all adding up to just a little under 5 acres in the growing community of Rantoul! The one bed units go for $545 per month and the two bed units for $645 per month. All utilities included with rent with some units converted already to electric heat. Some units still need heat conversion, repairs, and paint. Great location with tons of parking! This one just really needs a hungry investor who wants to fill this up and have a great investment!

Full Features

Exterior Type:

Block

Basement:

None

Water Front:

Square Feet:

38,640

Acreage:

4.95

Built:

1950

Parking Spaces:

100

Cooling System:

None

Stories:

Roof:

Metal

Current Use:

Multi-Family

Potential Use:

Multi-Family

Zoning:

MULTI

Building Square Feet:

38,640

Current Net Income:

$4,990

Unit 1:

3 room(s) / 1 bed(s) / 1 bath(s)

Unit 2:

4 room(s) / 2 bed(s) / 1 bath(s)

Unit 3:

4 room(s) / 2 bed(s) / 1 bath(s)

Taxes & Assessments

Tax Amount:

$12,320

Tax Year:

2019

Location

Zip Code:

61866

City:

Rantoul

County:

Champaign

Listing Office: eXp Realty,LLC-Maho

Listing Office Phone: 217.239.7113

Disclaimer: The data relating to real estate for sale on this website comes courtesy of Midwest Real Estate Data, LLC as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 10/29/2021 at 4:03pm. 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.