Rantoul, IL 61866,631 E Grove Avenue
Rantoul, IL 61866,631 E Grove Avenue
Rantoul, IL 61866,631 E Grove Avenue
29
Listed by Jeanette Duringof TOWN & COUNTRY REALTY,LLP
Bought with Daniel Gordon of RE/MAX REALTY ASSOCIATES-CHA
$415,000
$450,000
7.8%
Est.Price: ?

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0.75 Acres Lot

631 E Grove Avenue Rantoul, IL 61866

Est. payment /mo
SOLD DATE : 12/19/2025

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Key Details

Sold Price $415,000

Property Type Commercial

Sub Type Multi Family 5+

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 12450400

Sold Date 12/19/25

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

Zoning MULTI

Interior

Cooling Central Air, Window Unit(s)

Fireplace N

Exterior

View Y/N true

Roof Type Composition

Building

Structure Type Brick,Other,Combination

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Midwest Real Estate Data (MRED) VOW

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Paul Osipoff

Paul Osipoff

Broker | License ID: 475.175198

+1(708) 441-5241

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