IL > Rantoul
Rantoul, IL 61866,631 E Grove AVE
Rantoul, IL 61866,631 E Grove AVE
Rantoul, IL 61866,631 E Grove AVE
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Angela Ketelsen

Angela Ketelsen

+1(815) 980-0144
$450,000
Est. payment /mo
0.75 Acres Lot
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Pending

Purchase Type For Sale

MLS Listing ID 12450400

Maintenance Fees $667

Year Built 1960

Annual Tax Amount $12,001

Tax Year 2024

Lot Size 0.750 Acres

Lot Dimensions 100x320

Property Sub-Type Multi Family 5+

Property Description

14 UNIT COMPLEX. Incredible investment opportunity with strong upside potential! Currently has only half the units occupied, generating over $4,400 per month in rental income. With repairs and updates to the remaining units, investors can maximize cash flow by bringing all 14 units online. The front brick building features a 3-bedroom, 1-bath unit with a basement that could easily be finished to add a 4th bedroom and an additional half bath, increasing rental value. The property also includes a shared laundry facility, an oversized one-car garage for maintenance and storage, a lot with ample parking and a common courtyard for tenants. This property is being offered in "AS-IS" condition. With steady rental demand and plenty of room to add value, this property offers excellent income growth and long-term return on investment.

Location

State IL

County Champaign

Area Northern Champaign County / Ford County

Zoning MULTI

Interior

Cooling Central Air, Window Unit(s)

Fireplace N

Exterior

Roof Type Composition

Building

Dwelling Type Multi Family 5+

Structure Type Brick,Other,Combination

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Midwest Real Estate Data (MRED) IDX
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Jeanette During of  TOWN & COUNTRY REALTY,LLP 

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Angela Ketelsen

Angela Ketelsen

+1(815) 980-0144

Agent | License ID: 475192585

Agent License ID: 475192585

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631 E Grove AVE

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