Sold

803 W Nevada Street, Urbana, IL 61801

Beds
5
Baths
3
Sqft
2,463
Garage
Yes

View property features, location on map, relevant school information and overview from seller's agent.

Listed byeXp Realty,LLC-Mahomet
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Overview

Unbeatable Investment Opportunity near the University of Illinois! This prime Urbana home for sale is located just half a block off Lincoln Avenue in the heart of campus, offering unparalleled access to top university destinations. Within walking distance to Cafe Paradiso, the Departments of Social Work and Dance, and the Early Childhood Lab, it's also just two blocks from Krannert Center and three blocks from the Quad. Whether you're seeking Champaign County real estate for long-term wealth building or immediate cash flow, this investment opportunity is perfectly positioned. The current lease runs through July, providing steady rental income in a consistently high-demand location. For the motivated seller, this property has produced year-over-year rent increases and promises both short- and long-term upside as rental rates climb and interest rates ease. Although this building could benefit from minor interior updates, it already features key highlights many investors look for-like potential for updated kitchens, space for energy-efficient appliances, and a layout that supports maximum occupancy. This is a rare chance to own a move-in ready property in one of Urbana's most coveted areas. Priced to sell and ideal for first-time investors, experienced buyers, or parents of future Illini students. Act quickly-properties in this location don't last long. Contact us today for full financials and a private showing!

Location

Full feature list

Basic info

Property type
House
Number of bedrooms
5
Number of bathrooms
3
Square feet
2,463
Lot size (acres)
0.20
Year built
1916

Interior features

Basement
Yes
Fireplaces
1

Garage and parking

Garage parking spaces
2

Utilities

Heating
Steam
Cooling
Wall unit(s)
Sewer
Public sewer
Water
Public

Taxes

Tax Annual Amount (2023)
$14,144

Public schools

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Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: Midwest Real Estate Data (MRED) MLS®#: 12350093 Last checked:

Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.