2017 Philo Road, Urbana, IL

$950,000

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About 2017 Philo Road

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.

Features of 2017 Philo Road

MLS® # 12345809
Price $950,000
Bathrooms 0.00
Acres 0.00
Year Built 1969
Type Commercial Sale
Sub-Type Multi Family 5+
Status Active

Community Information

Address 2017 Philo Road
Area Urbana
City Urbana
County Champaign
State IL
Zip Code 61802

Amenities

Is Waterfront No
Has Pool No

Interior

Fireplace No
Has Basement No

Additional Information

Days on Market 179
Zoning MULTI
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeeXp Realty-Mahomet
Contact Info217-239-7113

Listing Map

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