403 S Coler Avenue
Urbana, Illinois 61801

Closed / MLS #11887452 / Multiple Unit (2-4) / Urbana
Listing information updated 3/12/2024 at 11:03am
This is a coveted location that always rents easily. This property has been cared for by the owner and it shows. 403 Coler is a 2 unit property with newer kitchens, fresh and interesting interiors, a spiral staircase, and a loft apartment. Easy to rent. Rented through 7/24. The front unit is a one 3bedroom 1bathroom and rents for 1,100 per month. The backside unit is a loft apartment that rents for 700 per month. Each unit has a parking space and separate entrances. Shared laundry in the basement. Tenants pay their own Heat/Gas/electric and wifi. This is a low maintenance cash flowing investment property in a great neighborhood that I would argue is currently under rented. Close to campus yet tucked into West Urbana. Most comparable 1bedroom units rent for 895 and comps for 3bedroom units range in the 500 per bedroom range. This is a well above average rental with significant cashflow upside for 24-25. Don't miss this!

Listing Office: Weiner Co., Ltd.

Listing Email: jonahweisskopf@hotmail.com

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403 S Coler Avenue, Urbana, IL 61801 is a multiple unit (2-4) which sold for $190,000. 403 S Coler Avenue features 4 Beds, 2 Baths. This multiple unit (2-4) has been listed on @properties Christie's International Real Estate since September 27th, 2023 and was built in 1940. Nearby schools include Leal Elementary School, Urbana Middle School, and Urbana High School.