202 S Grove Street Urbana, IL 61802
- Added:
- Oct 6, 2025
- Days on Market:
- 178
- Last Refresh:
- Apr 1 at 4:06 pm
Property Features for 202 S Grove Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- MULTI
- Bedrooms
- 5
- Bathrooms
- 5
- Rooms
- Bedroom 4, Bedroom 2, Bedroom 1, Bathroom 2, Bedroom 3, Bedroom 5, Bathroom 3, Bathroom 5, Bathroom 4, Bathroom 1
- Standard status
- Active Under Contract
- APN
- 922117236001
- Lot size
- 0.23 Acres
Taxes and HOA fees
- TaxYear
- 2024
- TaxDescription
- LOT 1 BLOCK 2 WEBBER'S, GEORGE G., 3RD ADD AND OTHER LAND
- TaxAnnualAmount
- 4553
Utilities
- Cooling system
- Window Unit(s)
Building Details
- Year built
- 1913
- Floors in Building
- 2
- Number of units
- 5
- Building materials
- Stucco
Listing agent Joe Zalabak License #475151471 (217) 356-6100
Listing office KELLER WILLIAMS-TREC 2441 Village Green Place, Champaign, IL (217) 356-6100
Listing date Oct 6, 2025
MLS# 12488685
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Overview
Fully Leased Urbana Multifamily Property
Located near downtown Urbana, this fully leased 5-unit building at 202 S Grove offers an opportunity to expand your rental portfolio. Each unit features one bedroom and one bathroom, complete with its own kitchen. The property sits on a large corner lot with R-4 zoning, presenting potential for future development or continued value-add projects. Three of the units have been recently remodeled, while the remaining two are occupied by long-term tenants. Tenants are responsible for individually metered electric and gas, while water, sewer, and heat expenses are covered by a monthly utility credit. The seller has invested over $60,000 in capital improvements, including a new high-efficiency hot water radiant heat boiler, a new roof, exterior painting, and complete remodels of three units, ensuring immediate income.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Urbana
- County
- Champaign
- State
- Illinois
- Longitude
- -88.201012
- Latitude
- 40.111585
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Five-unit building near downtown Urbana, fully leased with remodeling.
Where is this apartment building located?
The property is located at 202 S Grove Street Urbana, IL.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Fully leased 5‑unit building provides immediate income.; Three units recently remodeled.; Over $60,000 in capital improvements completed, including a new roof and high‑efficiency boiler.
