Contact us: 563.441.1776
Description
Turnkey, updated, and fully rented 7-unit investment opportunity!! Five of the units are spacious townhouse-style 2-bedroom layouts featuring 1.5 bathrooms and generous living space. All units offer great natural light and functional flow. These bi-level townhome-style units rent easily, have smooth turnover, and include central air and designated parking. The property features 5 covered parking spaces plus 2 additional off-street spots. There is also a basement common area with designated spaces for laundry units along with tenant storage. Potential for increased rental income with HACC vouchers offering 2-bedroom units up to $1,122 and 1-bedroom units up to $934, creating a total potential cash flow of $7,478/month. Tenants pay their own gas, electric, and water, helping maximize returns. This conscientious owner has invested approximately $100,000 in improvements, including a new roof, multiple HVAC systems, and extensive unit renovations. A full list of upgrades is available in additional documents. Fully rented and meticulously maintained, this is a rare opportunity to step into immediate cash flow from day one!
Property Highlights
Property Type: Multi Unit - Multiple
General Information
County: Champaign
Listed By:
Coldwell Banker R.E. Group
217-351-1988
MRED MLS
MLS ID: 12605088
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2012 Vawter Avenue, Urbana, IL 61801.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $575,000 | $575,000 | $575,000 |
| Down Payment | $115,000 | $20,125 | $143,750 |
| Monthly Mortgage Amount | $2,721 | $3,385 | $3,524 |
| Taxes | $800 | $800 | $800 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $253 | $0 |
| Monthly Estimated Total | $3,689 | $4,606 | $4,492 |
Disclaimer:
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 04/11/2026. The listing information on this page last changed on 04/11/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sat 04/11/2026 12:04:40 AM EST) or MRED MLS (last updated Fri 04/10/2026 11:58:11 PM EST) or SCWMLS (last updated Fri 04/10/2026 11:54:48 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Fri 04/10/2026 10:15:29 PM EST) or Cedar Rapids MLS (last updated Fri 04/10/2026 10:44:15 PM EST) or NEIRBR MLS (last updated Fri 04/10/2026 11:58:43 PM EST) or ICAAR MLS (last updated Fri 04/10/2026 11:37:33 PM EST) or ECIMLS (last updated Fri 04/10/2026 11:44:15 PM EST) or RMLSA (last updated Sat 04/11/2026 12:00:57 AM EST) or Muscatine MLS (last updated Sat 04/11/2026 12:00:24 AM EST) or No Coast MLS (last updated Fri 04/10/2026 11:54:24 PM EST). Real estate listings held by brokerage firms other than Ruhl&Ruhl Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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