Rantoul, IL 61866 631 E Grove Avenue
$450,000



24 more

























Presented By: TOWN & COUNTRY REALTY,LLP
Home Details
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.
Presented By: TOWN & COUNTRY REALTY,LLP
General for 631 E Grove Avenue
Additional Parcels Y/NNo
CityRantoul
Construction MaterialsBrick, Other, Combination
CoolingCentral Air, Window Unit(s)
CountyChampaign
Current UseMulti-Family
DirectionsFrom Route 45 in Rantoul head East on Grove Avenue
ElectricCircuit Breakers
Electric Expense475
Fuel Expense675
Gross Income81600
Insurance Expense1220
Lot Size Square Feet32000
MLS AreaNorthern Champaign County / Ford County
MaintenanceExpense667
ModificationTimestamp2025-09-11T14:28:02.073Z
Net Operating Income25826
Number Of Units Total14
Operating Expense55774
Property TypeCommercial Sale
Property TypeMulti Family 5+
RoofComposition
Standard StatusActive
StatusActive
Stories Count2
Tax Annual Amount12001.76
Tax Year2024
TownshipRantoul
Trash Expense135
Water Sewer Expense475
Year Built1960
ZoningMULTI
Exterior for 631 E Grove Avenue
Lot Dimensions100x320
Lot Size Acres0.75
Additional Details
Price History
