Adam Edstrom
- Buy
- Sell
https://www.ruhlmortgage.com/BlakeEller.html
Description
Turnkey 9-Unit Investment Property with Proven Income - Champaign, IL Strategically located near Downtown Champaign, Westside Park, and adjacent to Champaign Central High School, this fully renovated 9-unit building offers immediate, stable cash flow backed by documented performance. The property consists of six SRO units and three studio apartments, each featuring a private bathroom, creating an efficient, high-demand unit mix that supports consistent occupancy. The asset produced $56,400 in gross income over the past 12 months (~$4,700/month average collected), with current leases supporting $5,400/month at full occupancy following completion of all renovations in 2024. This is not a projection; repairs and leasing adjustments are complete, positioning the next owner to step into stabilized operations. Recent capital improvements include major roof repairs, new electric water heater, updated kitchenettes and bathrooms, fresh interior paint, secure electronic entry locks, camera systems, and the addition of an on-site laundry room already in service. Separate electric meters further streamline management and expense control. This is an ideal opportunity for investors seeking a true turnkey, workforce-housing asset with durable demand, modernized systems, and immediate income in one of Champaign's most accessible rental locations.
Property Highlights
Property Type: Multi Unit - Multiple
General Information
County: Champaign
Listed By:
eXp Realty-Champaign
888-574-9405
MRED MLS
MLS ID: 12551294
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613 W Church Street, Champaign, IL 61820.
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563-441-1862
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $455,000 | $455,000 | $455,000 |
| Down Payment | $91,000 | $15,925 | $113,750 |
| Monthly Mortgage Amount | $2,124 | $2,607 | $2,766 |
| Taxes | $633 | $633 | $633 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $200 | $0 |
| Monthly Estimated Total | $2,890 | $3,573 | $3,532 |
Adam Edstrom
REALTOR®
Cell: (563) 210-6814
Licensed in IA & IL
DeWitt Office
903 Sixth Avenue
DeWitt, IA 52742
(563) 659-9433
DeWitt, IA 52742
(563) 659-9433
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