803 W Nevada Street new Save Request In-Person Tour Request Virtual Tour
Urbana,IL 61801
Key Details
Property Type Single Family Home
Sub Type Detached Single
Listing Status Active
Purchase Type For Sale
Square Footage 2,463 sqft
Price per Sqft $121
MLS Listing ID 12350093
Bedrooms 5
Full Baths 2
Half Baths 1
Year Built 1916
Annual Tax Amount $14,144
Tax Year 2023
Lot Size 8,712 Sqft
Lot Dimensions 61 X 140
Property Sub-Type Detached Single
Property Description
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
State IL
County Champaign
Rooms
Basement Partially Finished,Partial
Interior
Heating Steam
Cooling Wall Unit(s)
Fireplaces Number 1
Fireplace Y
Exterior
Garage Spaces 2.0
View Y/N true
Roof Type Asphalt
Building
Story 2 Stories
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
Structure Type Brick
New Construction false
Schools
Elementary Schools Leal Elementary School
Middle Schools Leal Elementary School
High Schools Urbana High School
School District 116,116,116
Others
HOA Fee Include None
Ownership Fee Simple
Special Listing Condition None