803 Nevada Street, Urbana, Illinois 61801
$285,000
|
Sold
|
|
| Status: | Closed |
| Sqft: | 2,463 |
| Cost/Sqft: | $122 |
| Beds: | 5 |
| Baths: | 3 |
| Year Built: | 1916 |
| Property Taxes: | $14,144 |
| Days On Market: | 546 |
| Lot Size: | 0,20 |
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!
Property Specifics
| Single Family | |
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| 1916 | |
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| No | |
| 0.2 |
| Champaign | |
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| — / Not Applicable | |
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| 12350093 | |
| 922117154005 |
Nearby Schools
| NAME: | DISTRICT: | DISTANCE: | |
|---|---|---|---|
|
Grade School
Leal Elementary School |
116 | — | |
|
Middle School
Leal Elementary School |
116 | Not in DB | |
|
High School
Urbana High School |
116 | Not in DB | |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 18 Jun, 2025 | Sold | $285,000 | MRED MLS |
| 20 May, 2025 | Under contract | $299,900 | MRED MLS |
| 28 Apr, 2025 | Listed for sale | $299,900 | MRED MLS |
Room Specifics
Total Bedrooms: 5
Bedrooms Above Ground: 5
Bedrooms Below Ground: 0
Full Bathrooms: 3
Bathroom Amenities: —
Bathroom in Basement: 0
Rooms: —
Other Specifics
| 2 | |
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| 61 X 140 | |
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| Not in DB | |
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Tax History
| Year | Property Taxes |
|---|---|
| 2025 | $14,144 |
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Listing Provided By
eXp Realty-Mahomet
