503 N State Street Champaign, IL 61820
Other
MLS #: 12343981
Courtesy Of Keller Williams The Real Estate Center of Illinois, LLC
Property InformationDescription
Welcome to 503 N State in downtown Champaign - a fully remodeled, all-brick 5-unit investment property offering an outstanding opportunity for strong, reliable rental income. This fully leased building features three spacious one-bedroom, one-bath units and two two-bedroom, one-bath units, all recently updated with significant improvements. Major upgrades include brand-new vinyl windows throughout and stainless steel appliances in every kitchen, enhancing both energy efficiency and tenant appeal. Each unit is separately metered for electricity, and tenants pay an additional $110 per-unit monthly utility fee on top of their base rent to cover water, sewer, gas, and trash services. With its classic brick exterior, modern updates, and unbeatable downtown location close to shops, dining, and entertainment, 503 N State is a turnkey addition to any rental portfolio.
Features
- Age: Over 50 Years Old
- Architecture Style: Other
- Building Units: 5
- Cooling System: Window Unit(s)
- Cooling System: Multi Units
- Legal Description: LOT PT 24 COLUMBIA'S, C.F., ADD OF TOWN LOTS
- MLSID: 12343981
- Roof Type: Composition
MAP & DIRECTIONS
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