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    804 Oregon St Urbana, IL 61801

    Sponsored
    For Sale
    $350,000

    11 Bedroom, 4 Bath Rooming House - High Rental Income Potential

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional investment opportunity presents an 11-bedroom, 4-bathroom rooming house ideally situated at 804 W Oregon Street in Urbana, Illinois. The property sits on a 0.15-acre lot and is currently leased for the 2023-2025 academic years at a monthly rent of $3,750. However, with a potential rental rate of $400-$500 per bedroom, significant revenue growth is achievable. The property boasts attractive features including hardwood floors throughout, adding to its charm and appeal. The presence of two kitchens enhances functionality and convenience for multiple occupants. Ample free parking is available on-site, a valuable amenity for residents. This property is perfectly suited for a variety of uses, including student housing, making it an excellent investment for those seeking a strong return on investment in a desirable location. The asking price for this well-maintained property is $350,000. This presents a rare opportunity to acquire a proven income-generating asset in a thriving college town. Don't miss out on this chance to secure a profitable investment in a prime location. Contact us today to schedule a viewing.

    Property Features for 804 Oregon St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    6,534 SF

    Building Details

    Year Built
    1908
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -88.21838
    Latitude
    40.10766

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    FAQs

    What type of property is this?
    Commercial real estate - 11 Bedroom, 4 Bath Rooming House - High Rental Income Potential
    Where is this commercial real estate located?
    The property is located at 804 Oregon St Urbana, IL.
    What is the asking price?
    The asking price for this property is $350,000.
    (217) 356-8750
    Request Owner's contact information
    804 Oregon 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
    804 Oregon St Urbana, IL 61801
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