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Jorel Kilcullen

jorelkilcullen@gmail.com +1(815) 790-4276

$220,000

Est. payment - /mo

3 Beds

3 Baths

8,712 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12730963

Style Victorian

Bedrooms 3

Year Built 1903

Annual Tax Amount $5,605

Tax Year 2025

Lot Size 8,712 Sqft

Lot Dimensions 64.5x132

Property Sub-Type Two to Four Units

Property Description

This striking Victorian-style three-unit property combines incredible architectural character, a prime location near Downtown Champaign, and immediate income with room for future growth. The freshly painted exterior makes a memorable first impression, while inside, Unit 1 commands the entire first floor with a spacious living room, beautiful original pocket doors leading to the dining room, a large bedroom, full bath, and eat-in kitchen. Upstairs, Units 2 and 3 are each one-bedroom efficiency units with their own kitchens and full baths, creating three distinct income-producing spaces under one roof. Coin-operated laundry in the basement provides additional convenience, while plenty of off-street parking with access from both the driveway and alley is a major convenience. Even better, all three units are fully leased through July 2027, providing income from day one! With current rents offering the potential to increase revenue as leases come up for renewal, there is exciting upside still to capture. Victorian charm, full occupancy, abundant parking, a highly desirable location, and future income potential all come together at 408 W Healey, making this a standout opportunity for your investment portfolio!

Location

State IL

County Champaign

Area Champaign, Savoy

Zoning LNC

Rooms

Basement Unfinished, Partial

Interior

Heating Natural Gas

Equipment Ceiling Fan(s), Sump Pump, Water Heater-Electric, Water Heater-Gas

Fireplace N

Exterior

Roof Type Asphalt

Building

Lot Description None

Dwelling Type Two to Four Units

Building Description Other,Shingle Siding, No

Sewer Public Sewer

Water Public

Structure Type Other,Shingle Siding

New Construction false

Schools

Elementary Schools Unit 4 Of Choice

Middle Schools Champaign/Middle Call Unit 4 351

High Schools Central High School

School District 4 , 4, 4

Others

Ownership Fee Simple

Special Listing Condition None

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Listed by Joe Zalabak of KELLER WILLIAMS-TREC

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Jorel Kilcullen

+1(815) 790-4276

Broker License ID: 478.026444

408 W Healey ST Champaign, IL 61820

Jorel Kilcullen

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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