Urbana, IL 61801 709 W Nevada Street
$589,000
12 more
Presented By: Taylor Realty Associates
Beds • 5
Home Details
Discover an exceptional investment opportunity with this well-maintained 5-unit property in a prime Champaign location just minutes from the University of Illinois campus. The building features four spacious 2-bedroom, 1-bath units plus a larger 3-bedroom, 2-bath unit, offering strong rental appeal for students and professionals alike. Residents enjoy the convenience of on-site laundry located in the basement, as well as dedicated on-site parking-an increasingly rare amenity near campus. With its desirable location, reliable rental demand, and practical updates, this property is an ideal addition to any investor's portfolio.
Presented By: Taylor Realty Associates
Interior Features for 709 W Nevada Street
Other Interior Features
BasementStorage Space
General for 709 W Nevada Street
Additional Parcels Y/NNo
CityUrbana
Construction MaterialsVinyl Siding, Stucco
CoolingWindow Unit(s)
CountyChampaign
DirectionsFrom S Lincoln Ave, turn east onto W Nevada St, property will be on the right
Electric Expense7910
Fuel Expense
Gross Income80400
Insurance Expense4677
Lot Size Square Feet8120
MLS AreaUrbana
MaintenanceExpense
Net Operating Income42720
Number Of Units Total5
Operating Expense37680
PossessionClosing
Property TypeCommercial Sale
Property TypeMulti Family 5+
Standard StatusActive
StatusActive
Stories Count3
Tax Annual Amount19316.28
Tax Year2025
Tenant PaysAir Conditioning, Electricity, Other
TownshipCunningham
Trash Expense1098
Water Sewer Expense3336
Year Built1913
ZoningMULTI
Exterior for 709 W Nevada Street
Foundation DetailsBrick/Mortar
Lot Dimensions58x140
Lot Size Acres0.18
Additional Details
Price History
