Urbana Multifamily Investment
For Sale
$589,000
709 W Nevada Street, Urbana, IL 61801
MULTI_FAMILY - Urbana, IL
Lot Size0.18 Acres
Days on Market238
Property Features for 709 W Nevada Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
MULTI
Bedrooms
11
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 1, Bedroom 10, Bedroom 11, Bathroom 4, Bedroom 4, Bedroom 2, Bedroom 9, Bedroom 3, Bathroom 1, Bathroom 5, Bathroom 3, Bathroom 6, Bathroom 2, Bedroom 8, Bedroom 5, Bedroom 7, Bedroom 6
Basement
Storage Space
Directions
From S Lincoln Ave, turn east onto W Nevada St, property will be on the right
Subdivision
Urbana
Standard status
Active
APN
922117158002
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Lot 55 Block 5 Elmwood Add, T.S. Hubbard's
Tax Annual Amount
19316
Legal Description
Lot 55 Block 5 Elmwood Add, T.S. Hubbard's
Utilities
Cooling system
Window Unit(s)
Building Details
Year built
1913
Floors in Building
3
Number of units
5
Building materials
Vinyl Siding, Stucco
Listing Agency:
Taylor Realty Associates
(217) 355-0700
Listed By:
Nick Taylor · License #471001633
(217) 355-0700
Added: Dec 4, 2025
Changed: Jul 30
Last Checked: Jul 30 at 2:06PM
MLS# 12523056
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.
Investment Insights
Based on property information with market context.
This well-maintained 5-unit property presents an exceptional investment opportunity in a prime Champaign location, situated minutes from the University of Illinois campus. The building comprises four 2-bedroom, 1-bath units and one larger 3-bedroom, 2-bath unit, offering strong rental appeal to both students and professionals. On-site laundry facilities are located in the basement for the convenience of residents. Dedicated on-site parking is available, a rare amenity in the vicinity of the campus. The property is located in Urbana, IL, with a lot size of 0.18 acres. This property is an ideal addition to any investor's portfolio due to its desirable location and reliable rental demand.
Key Highlights
- 5‑unit multi‑family property built in 1913
- Unit mix includes four 2‑bedroom, 1‑bath units plus one larger 3‑bedroom, 2‑bath unit
- On‑site laundry available in the basement
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
1,415
Businesses Nearby
Explore this area
Business Placement
Demographics for 61801, IL
27,658
Population
13,468
Households
2.1
Avg Household Size
26
Median Age
65%
College-Educated
98%
High-School Grad
5.4 sq mi
ZIP Area
5,122
Density / Sq Mi
$37,948
Median Household Income
$26,394
Median Earnings
$950
Median Rent
$184,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
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 Street Urbana, IL.
What is the asking price?
The asking price for this property is $589,000.
What are key features of this property?
This property features: 5‑unit multi‑family property built in 1913; Unit mix includes four 2‑bedroom, 1‑bath units plus one larger 3‑bedroom, 2‑bath unit; On‑site laundry available in the basement
