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2404 1/2 W JOHN ST
CHAMPAIGN, IL 61821-3516
Asking Price
$400K
Asset Type
Residential Land
Class
Class B
What's Special
Over an Acre of Land for Development <p>6 parcels at the corner of John Street and Kenwood with 5 zoning Multifamily 1 and 6th zoned single family (can be rezoned to MF1). Over an acre of total land ready to develop into townhouses, apartments, etc. Excellent location kitty corner from Champaign parks, close to Leonard Center, the Refinery Gym and shopping centers nearby. One house on the property leased for $1,100/month. </p>
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NOI
$80,000
Cap Rate
20.01%
DSCR
3.37
Strong
Cash-on-Cash
46.89%
Monthly Payment
$1,978.487
Annual Cash Flow
$56,258.156
