Rental property package offered for sale by
    Michael Fuerst, 217-239-5844, mjerryfuerst@yahoo.com
  (Last updated Jan 20, 2011)

Notes and proposed terms follow tables of properties 
Links are provided  for photos that I have taken in the course of advertising properties for rent.
Links to on-line maps are provided (google map).

The next two tables, list available multiunit and single family houses.

Multi Unit adderss and tax number Description and scheduled monthly rents (in parentheses, anticipated starting Aug 2007) Price
104 S Grove
Urbana IL
92-21-17-232-004
google map

10 one bedroom apartments
(635,615,540,563,555,550,635,560,480,655)

Coin op W/D owned by owner
Photo (looking from the W)
Photos Apt 1 (3rd flr E)
Photos Apt 2 (3rd flr W)
Photos Apt 4 (2nd flr SW)
Photos Apt 5 (2nd flr SE)
Photos Apt 6 (2nd flr NE)
Photos Apt 7 (1st flr center)
Photos Apt 9 (Bsmt)

 

$465,000
111 N Lynn
Urbana IL
91-21-09-353-008
google map

5 apartments:
  4 studio apartments, each with own bath and kitchen      (410,450,390,430)
  1 large one bedroom (easily converted to 2 bedroom)      (806)
Photo of building (looking from the E)
Photos Large apartment

 

$225,000
211 W Illinois
Urbana IL
92-21-17-186-002
google map
3 one bedrooms, one studio apartment
(585,565*,415,560)
Photo (looking from the N)
Photos Apt 1 (1st flr W, 1 BR)
Photos Apt 2 (1st flr E, 1 BR)
Photos Apt 3 (2nd flr W, Studio)
Photos Apt 4 (2nd flr E, 1 BR)
$195,000
604 W Columbia Champaign IL
42-20-12-177-013
google map
4 units
   1 two bedroom (755)
   3 studio apartments (445,430,440)
4 bay garage, each bay separately lockable, each probably rentable for $40-45.mo
Photo (looking from the SE)
Photos Apt 1 (2nd flr)
$190,000
 

Single family

Description and scheduled monthly rents (in parentheses, * means unopccupied)
Recent Capital Improvements
Price and note if currently vacant
1106 W Church Urbana IL
91-21-07-427-018
google map
3 BR (750) $75,000
1208 W Bradley Champaign IL
41-20-02-455-028
google map

3 BR (625)
New roof 2004

$65,000
1210 N Market Champaign IL
46-21-06-354-003

2BR, detached garage ($550)

$58,000
1211 N Hickory Champaign IL
41-20-01-483-011
google map
3 BR, det gar ($715)
New furnace 2004
$75,000
1306 N Hickory Champaign IL
41-20-01-480-004
google map
4 BR, detached oversized gar (1090, Sec 8)
New windows 2004
$89,000

1308 N Hickory Champaign IL
41-20-01-480-003
google map

 

2BR, det gar (525) $58,000
1311 N Champaign, Champaign IL
41-20-01-481-002
google map
2 BR, det 2 car gar (550, Sec 8) $61,000

1605 Sheffield Champaign IL
41-20-02-354-006
google map

3BR, att gar ($765, sec 8) $80,000
1608 Sheffield Champaign IL
41-20-02-353-013
google map
4BR, 1 BA, att gar ($795) Not for sale
203 N Sixth Champaign IL
46-21-07-333-013
google map
2BR ($638)
Photos show previous roof;
Roof replaced Nov 05
Photos
$75,000
2425 E Illinois Urbana IL
30-21-15-177-011
Following map link may be inaccurate. House actually at SW corner of Illinois and Scottswood Dr
google map
4BR 1BA (777, Sec 8) $68,000
210 W Vine Champaign IL
42-20-12-258-003
google map
3BR, 1 BA (891)
$119,000
404.5 W Vine Champaign IL
42-20-12-184-012
google map
2BR, 1 BA (735)
Photos

New furnace 2010
$85,000
54 E Bellefontaine Champaign
41-20-01-477-007
google map
New roof 2004 Not for sale
5 Aztec Place
Champaign IL
12-14-35-379-007
google map
3BR, att gar (795 Sec 8) $80,000
601 W Bradley Champaign IL
42-20-12-126-007
google map
3BR, att gar (767, Sec 8) $65,000
606 N Prairie Champaign IL
42-20-12-253-002
google map
2-3 BR, 2BA, att gar ($806)
New windows and interior renovations  2004
$95,000
803 W White Champaign IL
42-20-12-354-019
google map

2 BR (760)
Photos

Not for sale
817 W Hill
Urbana IL
91-21-08-302-006
google map
2BR, 2car det gar ($743)
Photos
$94,000
1102 W Church Urbana IL
91-21-07-427-020
google map
5BR, 2BA (950) $115,000
903 E Green Urbana IL 92-21-16-111-002 2-3 BR ($725) $93,000
722 Sherwood Terrace, C
42-20-12-102-025
2-3 BR, ($620, Sec 8) $69,000
1104 W Church Urbana IL
91-21-07-427-019
google map
Vacant lot $16,000


Notes:
In multiunits, all units unfurnished, owner pays heat, water, hot water,
sewer taxes and hauling, while occupants have
individually metered electric.
Owner provides stove and refrigerator
In houses, tenants pay all utilities. Owner pays sewer taxes.
Owner provides stove and refrigerator in most of the houses.
Owner provides W/D at 203 N Sixth
All units currently rented.
Most apartments leased from mid-August to mid-August, with one or two 1 Aug to 31 Jul, and
one or two on a month to month basis.
Section 8 houses leased on annual basis with end dates at various times.
Other houses leased from mid-August to mid-August, with one or two 1 Aug to 31 Jul

I will answer all additional questions about these properties.
I want purchaser(s) of these properties to succeed.
I will be happy to provide suggestions, experience and advice to purchasers
about managing the properties, and provide purchasers the computer program and
procedures I use to track rent collections.


Proposed terms (although seller invites alternative proposals for all or part of the package):
Price for whole package equal to sum above prices (includes all unsold and non sale pending properties) to be sold on contract amortized over 20 or more years at 7.5%, a 10-yr balloon with 18% cash down Properties can be sold individually. Individual single family homes can be sold with a lower downpayment to buyers deemed reliable.

Credits (taxes, pre-paid rents and deposits, etc) to be subtracted from contract balance,
which of course is equivalent to increasing the down payment by the amount of credits




Remember that when the seller provides financing, which I am willing to do,
an offer and subsequent sales agreement consists of several components:
(a) price, (b) downpayment, (c) interest rate,
(d) amoritzation (e) balloon payment date, and (f) options for extending balloon date.
I suspect that any interested party and I can agree to terms by adjusting
one or more of the above mentioned components.
All offers will be seriously considered.


Taxes for all properties and G&E for multi-unit properties paid in 2006
     Sewer taxes paid in 2004 (includes UCSD and city sewer taxes) to be updated when 2006 taxes prepared. Adding 15% to given amounts is probably a good estimate. Garbage collection is for monthly service. Add about 20% for extras (when tenants discard large items)
     For Urbana properties, recycling tax included in one of RE or sewer taxes














104 S Grove 111 N Lynn 211 W Illinois 604 W Columbia





TAXES: REAL ESTATE $5,024 $2,727 3,568 $3,032  





SEWER $1,369.77 $315.17 $247.36 $489.74  





UTILITIES: GAS, ELEC $9904.97 $549.54
$2457.65 $2427.85  





WATER $1,142.99 $393.92 $369.93 $1,005.80  





Garbage Collection $900 $300.00 $300.00 $300.00  


















1102 W Church 1106 W Church 1208 W Bradley 1210 N Market 1211 N Hickory 1306 N Hickory 1308 N Hickory 1311 N Champaign 1605 Sheffield 1608 Sheffield 203 N Sixth
TAXES: REAL ESTATE $1,492
$903 $867 $975 $1,300 $1,281 $817 $1,023 $1,213 $1,616 $989
SEWER
$256.29 $186.38 $152.65 $60.07 $178.36 $428.51 $20.37 $141.86 $262.56 $93.29

























2425 E Illinois 2724 E High 404.5 W Vine 54 E Bellefontaine 5 Aztec 601 W Bradley 606 N Prairie 803 W White 817 W Hill 210 W Vine
TAXES: REAL ESTATE   $1,154 $1,793 $1,011 $859 $1,498 $890 $1,079 $1,993 $1,366 $1,192
SEWER   $238.46 $112.31 $11.26 $53.49 $104.51 $152.97 $130.16 $88.33 $80.26
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