2012 VAWTER Avenue, Urbana, IL 61801
Champaign County
Key Facts
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 $7,854/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 Information
Property Type
Commercial Sale
Sub-Type
Multi Family
Year Built
2001
Stories
2
Lot Dimensions
100X137
Zoning
MULTI
Days on Market
90
MLS® Listing#
12605088
Property Features
Cooling
Construction
Financial Details
Annual Taxes
$11,074
Tax year 2024
Parcel Number
932121180006
Directions
PHILO ROAD - WEST ON SILVER, NORTH ON VAWTER
Affordability Calculator
$112,000
Estimated monthly payment
$2,981/mo
Principal $448,000 · Est. interest $625,000 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Urbana, IL
- $336,111
- Median Listing Price
- 48
- Median Days on Market
- 1,818
- Median Sq Ft
- $172
- Median Price / Sq Ft
- 83
- Active Listings
- This home’s price is 67% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Urbana, IL.
Location
Points of Interest in Urbana, IL
Showing the Urbana area map.
Nearby Schools
Yankee Ridge Elementary School
Elementary · 0.4 mi away
Thomas Paine Elementary School
Elementary · 0.5 mi away
Little Hearts & Hands
School · 0.6 mi away
Wiley Elementary School
Elementary · 0.6 mi away
Urbana School District 116
School · 0.9 mi away
Urbana Middle School
Secondary · 1.0 mi away
Head Start
School · 1.0 mi away
Orchard Downs Community Center
School · 1.1 mi away
Dr. Preston L Williams Junior Elementary School
Elementary · 1.2 mi away
Urbana Early Childhood School
School · 1.2 mi away
Urbana High School
Secondary · 1.3 mi away
Illinois Leadership Center
School · 1.3 mi away
Juvenile Detention Center
Secondary · 1.4 mi away
Urbana Head Start
School · 1.4 mi away
Leal Elementary School
Elementary · 1.5 mi away
Campus Middle School
School · 1.5 mi away
Urbana School District #116
School · 1.6 mi away
Urbana School District 116
Secondary · 1.8 mi away
Canaan Academy
School · 1.8 mi away
Center for Advanced Study
School · 1.9 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 801 W Nevada Street, Urbana, IL | $395,000 | 8 | 4 | 3,687 |
| 402 W Iowa Street, Urbana, IL | $395,000 | 4 | 2 | 2,287 |
| 1917 S Stone Creek Boulevard, Urbana, IL | $399,900 | 3 | 2 | 1,889 |
| 1913 S Stone Creek Boulevard, Urbana, IL | $399,900 | 3 | 3 | 1,818 |
| 1803 Golfview Drive, Urbana, IL | $399,999 | 4 | 2 | 2,549 |
| 204 E Willard Street, Urbana, IL | $409,900 | 5 | 3 | 2,673 |
Moving Cost Estimate
EXIT Agents in Urbana
Listing Courtesy: Coldwell Banker R.E. Group - 2173511988
Last Updated: 2026-04-01