Investors! This property will start working for you day one. Amazing mid-term market rental that has a stable long term tenant in place. How about first year revenue of $26,400 without having to spend a single dollar on marketing? What about the possibility of not having to worry about collecting rent for years to come? This home has had all the work done for you; all you need are the keys and to collect the rent!
This beautiful, completely remodeled home has had more than just a face life. You will find new exterior maintenance-free vinyl siding, architectural shingle roof complete replacement, new attic venting, new aluminum fascia and soffits with new gutters and downspouts, all new bedroom windows, full crawl space vapor sealing, relocation and repair of gas meter and new cement driveway completed in 2022. Massive interior remodel with updated plumbing and shut offs, full bathroom remodel with waterproof flooring and stunning maintenance-free shower tiling, kitchen and bathroom electric upgrades, gorgeous black and stainless kitchen appliances, huge counter addition with seating, stripping of all trim paint, repainting of all trim and walls, preservation of hardwood flooring, window treatments, energy efficient window air conditioning units with remote controls, keyless entry with security app, hi-speed internet, new high capacity washer and gas dryer and stylish furnishings completed in 2023. Sewer line upgraded in 2024. Tub refinished in 2025. Home is meticulously maintained with mechanical inspections yearly, and all repairs completed by licensed professionals. This is not a DYI special. Quality workmanship shows in every detail of the home.
Home is situated within walking distance of area parks, restaurants, hospitals and college. Close to all the activities that downtown Champaign has to offer, and right on the bus line with easy access to the highway. Master is king bed with two twin frame and a luxury topper to allow expandability of the home. Second bedroom is a queen bed. Third bedroom functions as an office with desk, leather chair and low maintenance exercise bike. Living room offers a sofa sleeper with storage allowing the property to sleep six. This home boasts the best of all features that have kept it occupied since becoming available to working professionals.
Home has private, independent appraisal completed. Lease agreement in place until April 2026 with potential of tenant renewing yearly. Rent is $2200 monthly, owner covers all utilities and internet, with monthly obligation capped at $300. Have you thought about breaking into the mid-term market rental arena? This is more than just a home, this is a profitable business that will yield amazing returns. Let all our hard work start paying off for you. Relocation out of state is our loss, don't miss the chance to add this to your portfolio.
For sale by owner
Price increase: $7K (3/20)
$148,000
1008 N Lincoln Ave, Urbana, IL 61801
3beds
983sqft
Est.:
SingleFamily
Built in 1955
9,583 Square Feet Lot
$130,000 Zestimate®
$151/sqft
$-- HOA
What's special
New bedroom windowsBrand new exteriorPartially fenced areaFire pitAdorable sunroomMaintenance-free vinyl sidingNew driveway
- 66 days
- on Zillow |
- 1,348 |
- 48 |
Listed by:
(630) 217-8053
Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Gas
Cooling
- Wall
Appliances
- Included: Dryer, Microwave, Range / Oven, Refrigerator, Washer
Features
- Flooring: Hardwood
- Basement: None
Interior area
- Total interior livable area: 983 sqft
Property
Parking
- Total spaces: 2
- Parking features: Off-street
Features
- Exterior features: Vinyl
- Has view: Yes
- View description: Park
Lot
- Size: 9,583 Square Feet
Details
- Parcel number: 912108151012
Construction
Type & style
- Home type: SingleFamily
Materials
- Roof: Shake / Shingle
Condition
- New construction: No
- Year built: 1955
Utilities & green energy
- Sewer: Sewer-Public
Community & HOA
Location
- Region: Urbana
Financial & listing details
- Price per square foot: $151/sqft
- Tax assessed value: $68,130
- Annual tax amount: $2,416
- Date on market: 2/19/2025
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