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    709 W Nevada St Urbana, IL 61801

    New
    For Sale
    $615,000

    Commercial Sale - Urbana, IL

    Lot size:
    0.18 Acres
    Days on Market:
    4
    Last Refresh:
    Dec 7 at 2:06 pm

    Property Features for 709 W Nevada St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    MULTI
    APN
    922117158002
    Lot size
    0.18 Acres

    Building Details

    Year built
    1913
    Number of units
    5
    Architectural style
    Other

    Taylor Realty Associates (217) 355-0700 [email protected]

    Listing agent Nick Taylor (217) 355-0700 License #471001633

    Listing date Dec 4, 2025

    MLS# 12523056 Listing URL

    Copyright © 2025 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

    Urbana Multifamily Investment Opportunity

    This well-maintained 5-unit property presents an investment opportunity in a Champaign location, situated minutes from the University of Illinois campus. The building comprises four 2-bedroom, 1-bath units and one 3-bedroom, 2-bath unit. The property is zoned MULTI and has a lot size of 0.18 acres. On-site laundry facilities are located in the basement. Dedicated on-site parking is available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Urbana
    County
    Champaign
    State
    Illinois
    Longitude
    -88.2170238
    Latitude
    40.106329

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    FAQs

    What type of property is this?
    Apartment building - Well-maintained 5-unit property near University of Illinois campus.
    Where is this apartment building located?
    The property is located at 709 W Nevada St Urbana, IL.
    What is the asking price?
    The asking price for this property is $615,000.
    What are key features of this property?
    This property features: - Prime location minutes from the University of Illinois campus.; - Strong rental appeal to both students and professionals.; - Five units: four 2-bedroom, 1-bath units and one 3-bedroom, 2-bath unit.
    (217) 355-0700
    Request Owner's contact information
    709 W Nevada St Urbana, IL 61801
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    Urbana, IL 61801
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    709 W Nevada St Urbana, IL 61801
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