$285,000

beds

baths

half bath

2,463

square ft

803 W Nevada Street

Urbana, Illinois 61801

Closed / MLS #12350093 / Single Family / Urbana

Listing information updated 6/21/2025 at 6:03am

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!

Full Features

Exterior Type:

Brick

Basement:

Partially Finished,Partial

Beds Above Grade:

Cooling System:

Wall Unit(s)

Heating System:

Steam

Main Level Primary Bedroom:

Fireplace:

Yes

Pool:

Age:

100+ Years

Roof Type:

Asphalt

Parking Type:

Garage - On Site,Garage Owned,Detached,Garage

Parking Spaces:

Garage:

Detached

Room Count:

Water Front:

Square Feet:

2,463

Lot Size:

Less Than .25 Acre

Acreage:

0.2

External Features:

Patio/Porch

Room Information

Living Room:

14x15 - Main

Dining Room:

12x14 - Main

Kitchen:

10x15 - Main

Family Room:

N/A

Primary Bedroom:

12x12 - Second Level

2nd Bedroom:

10x12 - Main

3rd Bedroom:

12x12 - Second

4th Bedroom:

12x12 - Second

Bedroom 5:

12x12 - Second Level

Laundry:

6x6 - Basement Level

Taxes & Assessments

Tax Amount:

$14,144

Tax Year:

2023

Location

Zip Code:

61801

City:

Urbana

County:

Champaign

Schools

School District(s):

116

Elementary School:

Leal Elementary School

Middle School:

Leal Elementary School

High School:

Urbana High School

Exterior Type:

Brick

Basement:

Partially Finished,Partial

Beds Above Grade:

Cooling System:

Wall Unit(s)

Heating System:

Steam

Main Level Primary Bedroom:

Fireplace:

Yes

Pool:

Age:

100+ Years

Roof Type:

Asphalt

Parking Type:

Garage - On Site,Garage Owned,Detached,Garage

Parking Spaces:

Garage:

Detached

Room Count:

Water Front:

Square Feet:

2,463

Lot Size:

Less Than .25 Acre

Acreage:

0.2

External Features:

Patio/Porch

Living Room:

14x15 - Main

Dining Room:

12x14 - Main

Kitchen:

10x15 - Main

Family Room:

N/A

Primary Bedroom:

12x12 - Second Level

2nd Bedroom:

10x12 - Main

3rd Bedroom:

12x12 - Second

4th Bedroom:

12x12 - Second

Bedroom 5:

12x12 - Second Level

Laundry:

6x6 - Basement Level

Tax Amount:

$14,144

Tax Year:

2023

Zip Code:

61801

City:

Urbana

County:

Champaign

School District(s):

116

Elementary School:

Leal Elementary School

Middle School:

Leal Elementary School

High School:

Urbana High School

Listing Office: eXp Realty-Mahomet

Listing Office Phone: 217.239.7113

Disclaimer: The data relating to real estate for sale on this website comes courtesy of Midwest Real Estate Data, LLC as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 6/21/2025 at 6:03am. 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. Some listings have been excluded from this website.